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Tranzon

Court-Ordered Auction â€“ Waterfront

Time:	10:00 AM
Date:	Wednesday December 09, 2009
Location:	Newport Beach CA, USA 92663

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2607 W. Coast Hwy

** This map is only a guide - Consult salebill for exact directions. **

Sale Bill

In order to receive the Property Information Package, download the Confidentiality Agreement from this page (link is above) and return by fax to 949.727.9022 or email to tcook@tranzon.com Court-Ordered Auction in the matter of SEC vs. PEM Group, Danny Pang et al Waterfront Restaurant Property w/Owned Boat Slips, Mariners Mile, Newport Beach 5,100sf Waterfront Restaurant Property on 27,103sf Lot, Newport Harbor Located in the heart of Newport Beachs famous Mariners Mile One of only 6 operating waterfront restaurants on Mariners Mile Signalized, high-traffic intersection of West Coast Hwy. and Tustin Ave. 400 LinearFeet of Owned Boat Slips (slips are not leased) Property can accommodate 8-10 boats ranging in size from 30-50+ feet Approx. 49 surface parking spaces, with valet parking potential for up to 20 additional vehicles Rare opportunity for owner/user or investor to purchase Newport Beach waterfront property Summary of Terms: $100,000 Cashiers Check required in order to bid; 10% Buyers Premium will be charged to high bidder; 10% total deposit day of sale; buyer pays all closing costs; Seller provides title insurance; close of escrow within 30 days; 2% paid to properly registered cooperating broker; property sold as-is with no contingencies; sale subject to court confirmation; please see Property Information Package for complete terms of sale.

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