600 +/- acres on lake sinclairs3.amazonaws.com/loa.data/inv/156129/sanctuary on lake sinclair...ga...

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BULL REALTY, INC. ANDREW COLLINS

(404) 876-1640 EXT.138 [email protected]

The Sanctuary on Lake Sinclair 5992 Warren Chapel Road Hancock County, Georgia

600 +/- Acres on Lake Sinclair A Gated Resort Community

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Table of Contents

Index Page

Property Information

Property Brochure 3

Property Overview 4

Aerial Photographs 5

Site Photographs 6-7

Clubhouse Renderings 8

Location Maps 9

Directions 10

Site Maps 11

Site Plans 12

Lot Sales Financial Estimates 13

Due Diligence Materials 14

Principle Confidentiality Agreement 15

Any included income, expenses, costs, return estimates, renovations, measurements, square footage, acreage, projections, interest rates, loan terms, property condition, possible uses, zoning and other information herein may have been provided by the seller or landlord and while deemed to be reliable, may be estimated, projected, is subject to change, and/or may be limited in scope, and therefore shall not be relied upon as accurate. Any such information important to the purchaser, lessee or other parties should be

independently confirmed within an applicable due diligence period. Please do not disturb the business, tenants or sellers. This offer is subject to prior sale without notice, This information is provided by the owner and is deemed reliable, but is not warranted. Please do not

disturb tenants or owners.

Andrew Collins, MBA (404) 876-1640 Ext. 138

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5992 Warren Chapel Rd / Hancock County / Georgia

PRICE REDUCTION! Priced $8,330,000 below a 2007 bank appraisal. Unlike some discounted

properties on the market, this deal offers a clear path to profit with little risk and huge upside potential. This 600 +/- acres includes approximately 3.2 miles of frontage on beautiful Lake Sinclair. Phase 1 is near completion; the gated entryway, entrance road and interior roads to Phase 1 lots are constructed. A private water system has been installed. Below ground electric, phone, direct TV and water lines to Phase 1 lots are installed. A 6,000 sq ft clubhouse has been constructed. Private docks are allowed for all lake lots. Permit application for community docks and a boat ramp has been submitted and should be approved soon. There are an estimated 350 lots minimum at full build out. All of the investment and a substantial profit can be made just by selling the 100 lake lots. The total sellout potential on the property is estimated to be over $40,000,000. Owners seek to dissolve partnership and say bring offers for immediate consideration. Contact broker for due diligence materials and to submit offer.

$12,950,000

Contact Information:

Andrew D. Collins, MBA

[email protected]

Bull Realty: 404.876.1640

600 +/- Acres Lake Resort Community The Sanctuary on Lake Sinclair

Appraised by bank in 2007 for $21,280,000

Estimated lot sales of $40,000,000

Approximately 3.2 miles of pristine shoreline

Phase 1 water, electric, phone, and roads installed

6,000 sq ft clubhouse constructed

100 full-dock lake lots

HUD approved Interstate Land Sales Act Disclosure Statement

GA Power lake with consistent year-round water levels

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Property Overview

Location/ County Hancock County, Georgia

Property Type (current) Improved lake front resort property

Parcel Size Approximately 600 acres

Zoning R-L, Residential Lake District by Hancock County

Improvements

Cleared, grubbed, and graded Gated entry, entry road, and Phase 1 roads constructed

Utilities installed Clubhouse constructed

Development is ongoing—contact broker for further details

Number of Lots Estimated 350 to 370 total

100 Lake front lots 174 Phase 1 lots

Amenitites Gated entry way and clubhouse installed.

Swimming Pool, tennis courts, community docks, boat ramp, and boat storage facility proposed.

Road Frontage Property fronts and access is from

Warren Chapel Road

Lake Frontage Approximately 3.2 miles frontage on Lake Sinclair

Utilities Water, Electrical, Phone, Fiber DSL, (Septic)

Price $12,950,000.00

($21,583.00 per acre)

600 +/- Acres on Lake Sinclair Hancock County, Georgia

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Aerial Photographs

The Sanctuary on Lake Sinclair 600 +/- Acres

The Sanctuary on Lake Sinclair 600 +/- Acres

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Site Photographs

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Clubhouse Renderings

These two renderings are conceptual drawings of the clubhouse. The clubhouse has been constructed and is a two-level, 6,000 sf building designed to be a central meeting place for the community. It in-cludes an athletic and fitness center, bathrooms with showers, kitchen, offices with DSL connections, satellite TV, game rooms, and storage. A large covered deck overlooks the pool area. The clubhouse, swimming pool, and tennis courts provide a location for residents to meet, mingle, and interact. The swimming pool, tennis courts, and boat ramp have not yet been built.

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Location Maps

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Directions

A short drive from I-20, The Sanctuary On Lake Sinclair is positioned on an exceptional piece of property and is only a 1 1/2 hour drive from Atlanta. The community is nestled on the northeastern section of Lake Sinclair and is an easy drive from Atlanta, Macon, Augusta, and Milledgeville. Directions from Atlanta: • Take I-20 East to Exit 138 (Sparta, Siloam). Turn right off Exit 138 onto Hwy 15/Hwy 77 South.

Turn left at dead end. Go 13 miles on Hwy 15/Hwy 77 and veer right onto Hwy 77. • Go 4.7 miles on Hwy 77 until it dead ends and turn left on Hwy 16. • Go 1 mile and turn right on Pump Station Road. Go 5 miles on Pump Station Road to deadend and

turn right on Warren Chapel Road (There should be a sign for The Sanctuary on Lake Sinclair and the dead end).

• Go 1.6 miles on Warren Chapel Road and turn right into entrance • Approximate drive time: 1 hour and 30 minutes Directions from Milledgeville: • Take Hwy 22 east towards Sparta. Go 15.2 miles and turn left on Main Street • Go 0.2 miles and turn left on Davis Road • Go 1.2 miles turn right on Warren Chapel Road. • Go approximately 6 miles on Warren Chapel Road and turn right into entrance • Approximate drive time: 30 minutes Directions from Eatonton: • Take Hwy 16 towards Sparta. Go 19.2 miles and turn right on Hunts Chapel Road (Dickins Pond

Road) • Go 5.7 miles to dead end and turn right on Pump Station Road. • Go 3 miles to dead end and turn right on Warren Chapel Road • Go 1.6 miles on Warren Chapel Road and turn right into entrance • Approximate drive time: 45 minutes Directions from Augusta: • Take I-20 west to Exit 138 (Sparta, Siloam). Turn left off Exit 138 onto Hwy 15/Hwy 77 South. Turn

left at dead end. Go 13 miles on Hwy 15/Hwy 77 and veer right onto Hwy 77. • Go 4.7 miles on Hwy 77 until it dead ends and turn left on Hwy 16. • Go 1 mile and turn right on Pump Station Road. Go 5 miles on Pump Station Road to deadend and

turn right on Warren Chapel Road (There should be a sign for The Sanctuary on Lake Sinclair and the dead end).

• Go 1.6 miles on Warren Chapel Road and turn right into entrance • Approximate drive time: 1 hour and 30 minutes

Directions

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Site Maps

Phase 2

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Site Plans

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Due Diligence Materials

Extensive entitlement and development work has been completed at The Sanctuary on lake Sinclair. Below is a list of some of the available due diligence materials that can be obtained by contacting the broker and executing the attached Confidentiality Agreement on the following page. Available Due Diligence Materials: • 2007 Appraisal • HUD approved Interstate Land Sales Act Disclosure Statement • Title Report • Engineering CAD files • Home Owners Association Covenants • Architectural Standards • Community dock and boat ramp application • Clubhouse Plans • Survey • Legal Description • Warranty Deed • Updated Accounting Records


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Below are gross revenue projections for The Sanctuary on Lake Sinclair. These lot prices are considered conservative for this market. Lot prices at sister Lake Oconee (just 30 minutes away) are typically 2 to 4 times higher. Sales of only a portion of the highly desirable, dockable lake front lots could more than pay for the acquisition of this asset. Additional potential sources of income include Phase 3 lot sales, boat storage rentals, water system revenue, and additional timber sales. This financial information is provided for reference only and all data should be independently analyzed and verified by all potential buyers. The Sellers and Bull Realty, Inc. make no representation as to the accuracy or completeness of this data. Phase 1 and 2 Lot Sales Potential Dockable Lake Lots 100 lots $225,000/lot $22,500,000 Interior Lake Access Lots 154 lots $ 75,000/lot $11,550,000 Estate Lake Access Lots 20 lots $150,000/lot $ 3,000,000 Cove Lake Access Lots 25 lots $125,000/lot $ 3,125,000 298 lots $40,175,000 Phase 3 Lot Sales Potential Interior Lake Access Lots 50 lots $ 75,000/lot $ 3,750,000 Estimated Gross Proceeds from Phase 1, 2, and 3 Lot Sales $43,925,000

Lot Sales Financial Estimates

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Principle Confidentiality Agreement The Sanctuary on Lake Sinclair 5992 Warren Chapel Road, Hancock, Georgia This Confidentiality Agreement (“Agreement”) is made and agreed to for the benefit of the undersigned party (“Receiving Party”), the owner of the subject property, and the undersigned agent for the owner, Bull Realty, Inc. (“Broker”). Now therefore in consideration of the privileges granted to Receiving Party with respect to receiving certain confiden-tial information and other good and valuable consideration, the Receiving Party hereby agrees to the following: I. Confidential Information Receiving Party will receive confidential information regarding a property referred to as 600 +/- Acres on Lake Sin-clair, Hancock County, Georgia. Receiving party agrees to not disclose with any person that discussions or negotia-tions are taking place concerning a possible purchase or lease of the property, nor any terms, conditions, or other facts with respect to the property, including but not limited to appraisals, surveys, technical reports and evaluations, site specific engineering, and any such possible purchase, including the status thereof. The term “person” used in this agreement shall be interpreted broadly and shall include, without limitation, any corporation, company, partnership, or individual other than parties to which Broker approves in writing. Receiving Party agrees to not contact the property owner, the management, the tenants, the lender, the vendors, the insurers, the employees, or the customers of any busi-ness at the site. II. Acting as a Principal Receiving Party hereby warrants that it is acting as a principal only, and not as a broker, regarding this contemplated transaction. Receiving Party acknowledges and agrees that Bull Realty, Inc. representing and paid by the Seller will be used as the sole broker or agent in connection with the purchase or lease of the property. Receiving Party agrees to not be involved in any arrangement to purchase/lease the property, in whole or part, as a lender, partner, or in any other manner, unless Bull Realty, Inc. is included as the only real estate Broker paid in the transaction by the Seller. Receiv-ing Party reserves the right to involve any agent, broker, attorney, or other advisor in the transaction to represent the Purchaser/Tenant and said party has agreed in writing to this agreement. This Agreement shall be governed and construed in accordance with the laws of The State of Georgia Accepted and agreed to this ______ day of _______________, 2008. Receiving Party Broker By: ________________________________ By: Andrew Collins, MBA Name: ________________________________ License: #270087 Company: _____________________________ Company: Bull Realty, Inc. Address: _____________________________ Address: 1801 Piedmont Avenue _____________________________ Atlanta, GA 30324 Phone: _____________________________ Phone: (404) 876-1640 Ext. 138 Fax: _____________________________ Fax: (404) 876-7073 Email: _____________________________ Email: [email protected]

Confidentiality Agreement

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