Resort properties, land in Taylorsville Lake development set for sealed bid offering

TAYLORSVILLE, Ky., Sept. 22, 2016 /PRNewswire/ -- The Edgewater Resort, consisting of home sites, rental cottages and land on Taylorsville Lake, is being offered in a lender-directed sealed bid sale of a leasehold interest in property in the Lakeside Development. Tranzon Asset Advisors is marketing the property and conducting the offering.

"This development overlooks Taylorsville Lake, which is one of central Kentucky's most popular weekend destinations, with great fishing and skiing. It's just a half hour outside the Louisville area, so we believe this will be an attractive offering," said Tranzon's Edward Durnil.

The property is selling in three separate parcels. An estimated 163 acres, with 126 lots -- 40 with completed rental cottages -- will include license and rental management agreements with cottage owners, utilities, streets, the gated entrance/welcome center, the community pool and the pool house.

A second offering will be 179 acres of recreational/development land. The third offering will be a package of four rental cottages producing existing rental income.

"The demographics of the surrounding market are excellent, with a substantial high-income population within a one-hour radius. We will welcome bids for any of the three offerings or for any combination, including the entirety," said Durnil.

Sealed bids are due by Oct. 12. Individuals seeking detailed information or property access for inspections may visit tranzon.com/TAA or call 888-791-7307, extension 84. Conditions concerning the leasehold nature of the offering apply and interested buyers should consult with Tranzon about them.

Tranzon Asset Advisors, based in Elizabethtown, Kentucky, is part of the Tranzon network, selling high-value real estate assets throughout the United States with more than 27 partner offices.

For more information:
Carl Carter, 205-823-3273

SOURCE Tranzon Asset Advisors

Related Links

http://www.tranzon.com/taa