BANK ORDERED Alexandria, LA Hotel & Restaurant For Sale at Auction SELLING TO THE HIGHEST BIDDER
Restaurant & Hotel For Sale at Auction in Rapides Parish, LA
This property will sell to the highest bidder. 10% buyer’s premium.
Parc England Hotel & Bistro on the Bayou is a full service upscale boutique hotel and restaurant facility. The hotel features 48 rooms, pool, attractive landscaping overlooking the golf course. The hotel had a million-dollar facelift in 2017 and is currently operated by a management company.
Bistro on the Bayou was originally constructed as an officer’s lounge and rebranded the Bistro offering weekly dinner services and banquet space.
Located in England Air Park formally, England Air Force Base, which includes Alexandria International Airport on 4.34+/- acres. Both properties are being sold by ground lease to England Economic & Industrial Development District (the governing authority of England Airpark.)
Parc England Hotel – 29,480 sq.ft.
Bistro on the Bayou – 17,720 sq.ft.
REAL ESTATE TERMS & CONDITIONS
REGISTRATION: All bidders must provide a bank letter of guarantee or a pre-approval letter from a finance company in order to register. A financial statement must be turned in by Tuesday August 14th 5pm CST in order to register.
DEPOSIT: The successful bidder must pay a $150,000.00 deposit at the auction.
BUYERS PREMIUM: 10% will be added to the final bid price, to be included in the total purchase price. For example, if the property sells for $100,000.00, then the total sales price would be $110,000.00.
This property will sell to the highest bidder. Property must be paid for in full the day of the auction.
FINANCING: Purchasers to obtain their own financing. Purchase Agreements are not subject to financing or qualification. All bidders are encouraged to pre-qualify.
DISCLAIMER: All property to be sold “as is, where is”, with any and all faults and no implied warranties by Seller or Auctioneer. Please feel free to have an inspector or contractor look at the property with you. All information and dimensions were derived from sources believed correct but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property and records, including, but not limited to, all documents recorded in the county or parish where the property is located. All announcements from the auction block will take precedence over any previously printed material or any other oral statements made. Properties not sold absolute will be offered subject to seller’s confirmation within 2 business days. LA Lic#818
TAXES: Taxes will be pro-rated.