Historic Venue Suitable for Hospitality/Office and More
Charlottesville, VA

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Auction/Sale Date and Time

  • Under Contract

Property Location

3001 Hollymead Dr
Charlottesville, VA 22911

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May 8, 10-11:30 a.m.
May 15, 10-11:30 a.m.
and By Appointment

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Property Number

FX1896

Property Type

Commercial Real Estate -
Multi-Use Property

Description

    Historic Venue Suitable for Hospitality/Office & More

    c1780 home with 1812 and later Additions
    Currently Houses Lodging, Pub, Music & Events Venue
    Commercial Zoning with Expansion Opportunity
    3 Miles from Airport

    Set on over just over an acre of trees and plantings, this 8,000+ sq ft property is a piece of Albemarle county history! Originally the manor house for a 320 acre farm, with portions of the building dating back to 1780, this venue has seen a variety of uses throughout its lifetime – a log cabin built by Hessian soldiers, a boys’ school, home to B.F.D. Runk, Dean of UVA and students for 35 years and most recently as a Iggy's Wine & Brew Pub, fully permitted 65 seat restaurant and B&B. High teas, historic talks, private parties, association meetings currently fill the calendar, along with lodging advertised on Trip Advisor (Award of Excellence 2017), Airbnb and Booking.com. This property, known as the Silver Thatch Inn, is a former member of Select Registry and the restaurant (closed in 2013) earned the Wine Spectator Award of Excellence annually.

    Ready to move into the 21st century, this property can easily be serve any number of uses including long or short term lodging, group home, family residence, offices, restaurant/pub, tasting and music venue, a conference or retreat center or special event space. There is county approval for expansion to create additional income streams.

    Beds: 7+
    Baths: 7 full, 2 half
    Sq Ft: +/- 8,196 per seller
    Parcel ID #: 046B2020000100
    2018 Tax Assessment: $1,071,400
    2017 Annual Taxes: $8,989.04


    Please be sure to download the Property Information Package by clicking on the words under “Documents to Download.” By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.

VAAF423

Terms and Conditions

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Linda Terry at 804-354-9090 or lterry@tranzon.com.  All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the FAQ-Frequently Asked Questions.

Buyers Premium: 10% Buyers Premium based on the high bid.
Closing: 45-Day closing, sold in As-Is condition, no contingencies.
Deposit Amount: 10% deposit due within 2 business days of being notified that you are the successful high bidder.
Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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