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INITIAL OFFER DEADLINE: WEDNESDAY, OCTOBER 25 The Coal Reserve Private Estate & Event Venue Somerset, Kentucky AUCTION
INITIAL OFFER DEADLINE: WEDNESDAY, OCTOBER 25
The Coal ReservePrivate Estate & Event Venue
Somerset, Kentucky
AUCTION
Privately owned, this unique estate sits on approximately 30 acres of Kentucky land. The property has three main structures consisting of an elegant 7,700± square foot main home, a 6,700± square foot event center, and a carriage house with an upstairs apartment. The whole property is undoubtedly one of the most luxurious in the area and has a picturesque view overlooking the estate’s pond and countryside. The estate is settled between beautiful Lake Cumberland and Daniel Boone National Forest in Somerset, Kentucky. Uniquely positioned in south central Kentucky, the historic Keeneland Racecourse and Churchill Downs racetrack (home to the Kentucky Derby) are each a drivable distance or a short helicopter ride away from the property’s designated landing pad. Each year more than 1.5 million tourists make their way to Pulaski County as they seek out the pastoral scenery ideal for boating, fishing, skiing and simply relaxing on one of the largest man-made lakes in the nation with over 1,200 miles of shoreline. The property is centered around an expansive three-story home, inlcuding a full basement, offering five bedrooms each with their own en suite bathroom. Surrounded by lush greenery, the house can be accessed via two electrically operated gates along Highway 1247 North. The main home has a three-car garage with an additional three-car garage in the carriage house as well. The lavish entryway is brightly lit by a stunning chandelier highlighting the winding staircase with custom crown molding. Three fireplaces located throughout the home perfectly accentuate the coziness of the property’s country setting. The luxurious office doubles as a library complete with intricate custom woodwork. Over the years, the exquisite estate has been used to host a multitude of festivities such as celebrations, weddings, receptions, social events, fundraisers, networking meetings, training sessions, dinners, reunions, and banquets. The venue can be used as either a turnkey business capable of catering to any event or as a private luxury getaway for family and friends. The banquet building is equipped with an industrial kitchen located in the second level including a high-end range, flat top and prep station. The main level’s current layout can accommodate 168 seated guests while the second level can comfortably seat an additional 116. There are designated bar areas on both levels as well as multiple restrooms and three outdoor decks overlooking a quaint pond located on the property. Recently appraised at $2,000,000, this is an amazing opportunity to own a cherished estate ideal as a family retreat or luxury venue capable of doubling as a business adored by the local community.
The Coal Reserve Somerset, KY
Main House
Carriage House
Banquet Hall
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6.76 AC
24.00 AC
2.00 AC
SALES OVERVIEW
INTIAL OFFER DEADLINE: The deadline for submitting offers is October 25, 2017 at 5:00 p.m. (CDT), delivered to the offices of Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, Illinois 60062, Attention: Edward Beck or via email at [email protected].
The Seller will select those offers that qualify to advance to the final round. Qualified buyers will be invited to visit the property for a final inspection and, after conducting additional due diligence, will be invited to submit their final bids.
VIRTUAL DATA ROOM: A Virtual Data Room has been set up and contains important due diligence information on the property. For access to the Virtual Data Room, please email [email protected] or [email protected] to request access. Your email should include your full name, mailing address, phone number, email address and how you learned of the sale. You will receive an acknowlegdement email with a link to access the documents.
TERMS OF SALE: This sale is being conducted subject to the Terms of Sale, as stated in the Virtual Data Room.
For more information, please visit HilcoRealEstate.com or contact a member of the Hilco Transaction Team:Edward [email protected]
Steve [email protected]
Knoxville, TN
Somerset, KY
Lexington, KY
Cincinnati, OH
Indianapolis, IN Columbus, OH
Louisville, KY Charleston, WV
Neighboring Cities
Nashville, TN
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Daniel Boone National ForestLake Cumberland
20 mi
10% Buyer’s Premium | In cooperation with Mike Skees KY Broker & James Keith KY AuctioneerNote: The above information is subject to inspection and verification by all parties who are relying on it to formulate a bid. No liability for its inaccuracy, errors, omissions, is assumed by the Seller or its agents.
ON-SITE VISITS: Tuesday, October 10 12:00 p.m. - 2:00 p.m. (EST)
Saturday, October 14 12:00 p.m. - 2:00 p.m. (EST)
Thursday, October 19 12:00 p.m. - 2:00 p.m. (EST)
INITIAL OFFER DEADLINE: October 25, 2017 at 5:00 p.m. (CDT)
INFORMATION LINE: 855.755.2300 | FAX: 847.714.1289
[email protected] | hilcorealestate.com
855.755.2300 | HilcoRealEstate.com
