Tuesday, January 20, 2009

Exclusive North Augusta Golf and Country Club to Sell at Real Estate Auction

(BUSINESS WIRE)--Located minutes from Augusta National, North Augusta Golf and Country Club, one of the premier golf courses in the area, will sell at auction on January 29th onsite. J. P. King Auction Company, the nation’s leading auction marketing firm specializing in luxury properties, will manage the sale of the property.

“It’s a rare opportunity to purchase an active golf course in one of the golf industry’s most sought after areas,” said Craig King, president & CEO of J. P. King. “Golf enthusiasts annually flock to nearby Augusta National Golf Club for The Masters. The close proximity allows North Augusta Golf and County Club to host visitors and cater special events during The Masters Golf Tournament.”

The 18-hole golf course is situated on 135.5 +/- acres with a rolling terrain, towering pine trees, natural lakes and creeks throughout the property. The lakes throughout the property provide irrigation to the entire golf course. The course was renovated in 2005 and new tee boxes were constructed.

"North Augusta Golf and Country Club has been a staple in the Augusta community for over fifty years,” said Fred W. Layman, III, chairman and CEO, North Augusta Golf & Country Club. “It offers a strong and vibrant membership, which caters to the avid golfer and tennis player, and boasts over one hundred swim team memberships. This offering, as well as, The Pinery, are low hassle, turn key businesses with high-end opportunity.”

Founded in 1962, the club has remained the only full service country club in North Augusta offering members a unique golf experience with a pro shop, junior Olympic swimming facility and restaurant. Approved plans and all preparatory site work have been completed for the construction of a new state-of-the-art clubhouse facility.

Adjacent to the North Augusta Golf and Country Club, The Pinery, a turnkey residential land development opportunity consisting of 35.5+/- acres, is zoned for multi-family use.

The Pinery has been approved for 102 luxury residential townhomes providing spectacular golf course and lake views. An exceptional five bedroom, four bath model home has already been constructed and currently serves as a sales office. The Pinery is only two hours from the vacation destinations of Hilton Head, Savannah and Charleston.

Individuals interested in more information about the upcoming sale may contact J.P. King at (800) 558-5464 or visit the company’s web site at www.jpking.com.

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