South Florida Oceanfront Hotel Days Away From Hitting Auction Block
Seaspray Beach Resort, located in Palm Beach, Florida, is scheduled to be auctioned on June 8th, 2012 @ 11am on the hotel premises.
PALM BEACH, Fla., May 30, 2012 /PRNewswire/ -- With buyers rapidly depleting South Florida's available inventory, oceanfront real estate has become the hottest ticket in town. Since the decision was reached to auction the property scheduled for June 8th, owners of the Seaspray Beach Resort in Palm Beach have been overwhelmed by the response of interested parties looking to capitalize on this key opportunity. "People truly see the value here," said Marc Schmulian, the owner's representative, "in a little over a month, we have had more than 150 phone calls requesting information, over 15 groups touring the property, numerous pre-auction offers to acquire, and thousands of unique hits on the website."
(Photo: http://photos.prnewswire.com/prnh/20120530/FL15148 )
As Palm Beach's prime oceanfront hotel, the Seaspray Inn Beach Resort is sitting on over half an acre of premier oceanfront land, has breathtaking vistas of the Atlantic Ocean and is just steps away from the new Ritz-Carlton Residences, Marriot Vacation Club's Timeshare Resort and ST Residential's ultra luxury condominium, Dolcevita.
Buyers can choose to make use of the 51 existing hotel rooms or instead, may opt to capitalize on the already approved zoning for approximately 50,000 square feet of residential condominium units. These approvals allow buyers to build up to 27 residential units in a structure as high as six stories without the necessity of obtaining any variances.
Lamar P. Fisher, President and CEO of Fisher Auction Company, is leading the sale and marketing effort for this unique opportunity. "With the auction coming up so soon, potential buyers are flocking to register as bidders in order to have a shot at this once in a lifetime opportunity," Fisher said.
To be a qualified bidder for this property on auction day, potential buyers must bring a $350,000.00 cashier's check or have wire transferred in that amount in addition to being prepared to close by July 9, 2012.
A full due diligence package is available for review and property tours coordinated by contacting Neil Saffer of Fisher Auction Company at 954.942.0917 or [email protected].
SOURCE Fisher Auction Company
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