Incredible opportunity to purchase or invest in Donald Ross designed Country Club. "Penobby" is an 18-hole championship course with full club amenities including pool, clubhouse and restaurant. 
 
Designed by the celebrated Donald Ross and built in 1924. Over the past 90 years, the club has hosted golfers from Arnold Palmer to “Larry the Cable Guy”, and has established an impressive pedigree of competitive events. Since 1926, no less than ten Maine Amateur Championships have taken place at Penobscot Valley; another is being scheduled for the near future.
 
Current ownership has made the following recent investments: 
     - Improvements to HVAC, Roof and Kitchen in Clubhouse
     - Till, Reseed and Redevelop 40+/- Acres of Turf
     - Replace and Significantly Repair Course Maintenance Equipment
     - Replace Entire Equipment Maintenance Fleet in 2018-19, Including Golf Carts
     - Stabilize Operations, Day-to-Day Staffing and Maintenance
     - General Enhancements to Member and Player Amenities
 
This is an opportunity to purchase the club and assets outright or invest with current ownership. 
 
Call us for details and discussions.
 
Michael B. Carey - ME RE Lic. #DB919594 | Thomas W. Saturley - ME AUC #757
In Cooperation with The Boulos Company

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 Mike Carey CAI

Mike Carey CAI: Tranzon Auction Properties

207-776-1936 mcarey@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 Listings may be withdrawn or modified without notice at anytime.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 Frequently Asked Questions.

  • Buyer's Premium: 2% Buyer's Premium based on the high bid.
  • Closing: On or before December 30, 2020. Sold in As-Is condition, no contingencies.
  • Deposit Amount: $25,000, in certified funds, with submission of offer to purchase. Deposit to be increased to equal ten percent (10%) of purchase price within five (5) days of seller's acceptance.
  • 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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