One of the greatest opportunities in a generation…
Sugar Plum, LLC (“Developer”) is the owner of 242.6 acres of high-quality lakefront recreational property known as Lake Sugar Plum (‘Sugar Plum”). It is located in Grady County Georgia, between Havana and Calvary, 30 minutes north of Tallahassee, Florida. The thirty acre lake itself is regarded as one of the most beautiful lakes in the region.
Sugar Plum is known regionally as the former recreational farm of Dr. “Charley” Harvey and then NFL All American Peter Boulware. At the height of the real estate boom, it was purchased by Developer to develop as a 50 lot lakefront residential destination community.
Sugar Plum is subject to the mortgage of Wachovia Bank, N.A. (“Wachovia”). The Developer, with Wachovia’s cooperation, has respectfully determined that development is no longer a financially viable option and wishes to immediately sell this property at today’s market price. Developer and Wachovia have determined that a sealed bid auction is the best method to definitively ensure that Sugar Plum is sold no later than October 31, 2008.
Developer has engaged The Dobbins Company, an Industrial Liquidation firm from Atlanta to handle the sealed bid offering and Jon Kohler & Associates, a real estate brokerage firm to handle the sales process.
Sugar Plum is immediately available for inspection by appointment. The inspection period shall begin on Monday, October 6, 2008, and conclude at 12:00 noon, Thursday, October 30, 2008 (the “Bidding Deadline”). The Dobbins Company must receive all bids prior to the Bidding Deadline submitted on the official bidding form. See the enclosed fact sheet for additional information concerning Sugar Plum and the sale process.
Developer intends to sell Sugar Plum to the highest bidder but reserves the option of accepting or rejecting any or all bids. Wachovia supports Developer’s auction of Sugar Plum.
“Opportunities come at the most inconvenient time…”
This is not only an incredible investment opportunity but a great chance to own one of the most beautiful lakes in North Florida/South Georgia at your own price. In addition, there are significant tax and conservation advantages by placing a conservation easement on this property. Simply fill out the sealed bid auction paperwork with the price that you feel Lake Sugar Plum is worth to you and send to either Jon Kohler & Associates or The Dobbin’s Company by October 30, 2008. Contact Jon Kohler & Associates for market comparables, financing opportunities, or to tour the property.
Millionaires are made and legacies created during market downturns. We encourage you to use this market to grow wealth for you and your family. Simply fill out the sealed bid price at the price the property is worth to you on October 30th. It’s confidential so you won’t hurt anyone’s feelings.