Harper) ABSOLUTE | 28 Unit Westview Lodge Hotel & Apartments Built in 2012

Real Estate Auction in 1100 W. Fourteenth , Harper Kansas, United States

15 Friday
November 15th, 2019 2:00 PM
McCurdy Auction, LLC
Phone: 316-683-0612

Harper) ABSOLUTE | 28 Unit Westview Lodge Hotel & Apartments Built in 2012

Real Estate Auction in 1100 W. Fourteenth , Harper Kansas, United States

Friday at - 15th November , 2019

Notes

*Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $30,000.

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Auction Items For Sale

NO MINIMUM, NO RESERVE!!! Located in Harper, Kansas, this property is only 45 minutes away from Wichita! The property is currently known as Westview Lodge Hotel & Apartments. It sits on over 12 acres and has room for expansion or other possible development opportunities.

This 28 unit complex was built in 2012 as temporary executive lodging and is ready for its next chapter.  Totaling 20 one bedroom units and 8 studio style units this complex is just like new and displays excellent pride of ownership. Each unit has a covered porch, queen-size bed, fully equipped kitchen, full bathroom and a washer & dryer all gently used.  These units can be nightly stays or long-term stays. Parking lot available to all units.  There is a front building on the South end of the property that has leasing potential as well but is currently vacant.

Also on the property is a conference and office building with seating for over 128 people being leased frequently for community events/activities. It provides a fully equipped kitchen, offices, restrooms and a finished basement with recreational games and exercise equipment. The building has been used for receptions, meetings, reunions and banquets and conferences. There are full screen projectors, a spacious serving area and a covered patio. The basement provides a tread mill, free weights, elliptical cross trainer, recumbent bike, a pool table, air hockey table and a card table. The basement can also be used as a storm shelter with its underground-reinforced concrete.  On the northeast corner of this building is a fully furnished large laundry room facility for the onsite occupants.

This is an investment opportunity you wont want to pass up with the potential to be a hotel, senior living facility, apartments, or many other redevelopment potentials.  There is additional land for future expansion or other development opportunity.  Seller has invested over $2 Million in its construction and assemblage.  The package is a turn-key investment opportunity ready for its next chapter. 

10/30/19 - Currently the property is experiencing a seasonal demand that has generated nearly 100% occupancy due to pipeline installation and hunting season.  Occupancy is changing daily however is currently surged. 

11/11/19 - The property now has 16 monthly rentals at $750/month, 20 monthly rentals at $700/month that all are roughly 4 month commitments.  The lodge continues to rent consistently for community events.  The other 10 units are surging with hunters and are leasing weekly at $250/week.  100% full right now.