REAL ESTATE AUCTIONS
AU C T I O N Sealed Bid | Deadline January 3, 2013
CASCADE VILLAGE BUILDING 1 3 1 0 W E S T H AV E N D R I V E VAIL, COLORADO 81657 LHREALESTATEAUCTIONS.com
LOCATION
Existing Building
Located in the Cascade Resort complex along the
Constructed in 1981-83, the existing Cascade Village
western flank of Vail ski mountain, the Cascade Village
Building consists of a total of 18 condominium units.
Building is part of the Vail Cascade Resort & Spa
On the west side of the building are eight individually
complex, which consists of a four-diamond full-service
owned residential units (all second homes). There are
292-room hotel with restaurants and conference
nine commercial units, including the spaces formerly
facilities, surrounded by several resort condominium
housing Colorado Mountain College, the former Cascade
complexes and homes. The Cascade Village Building
Village Theatre, and a vacant restaurant space. Unit
is situated between the Vail Cascade Hotel and the
D-001 (owned by Cascade Hotel) is the loading dock
Aria Spa & Club. Travel + Leisure recently named Vail
with shared usage for the Cascade Village Building and
Cascade Resort & Spa to its list of “World’s Best Family
the Vail Cascade Resort. Of the nine commercial units
Resorts,” citing the fitness and spa facility, as well as
we are auctioning eight jointly: three units on the lowest
the on-site chairlift as desirable amenities. The Cascade
level, one large unit on the first floor, three units on the
Village Building is connected by sky bridges to both
second floor, plus the fourth floor. The eight units
the Hotel and Spa/Club/Parking buildings. Immediately
(per the existing condominium documents) total
adjacent to Vail Cascade Hotel, Chairlift #20 provides
22,360 square feet.
direct ski access to and from Vail Mountain.
ENTITLEMENTS The Cascade Village Building is approved by the Town of Vail, for the construction of 14 luxury residential condominiums (totaling 31,000 square feet) with direct ski-in, ski-out access and full resort hotel amenities. The approvals also allow for approximately 5,000 square feet of office/commercial space. These entitlements are in place through June 2015.
MAP OF CASCADE ENCLAVE
MAP OF CASCADE ENCLAVE MAP OF CASCADE ENCLAVE
LIONSHEAD LIONSHEAD
PROPOSED EVERVAIL RESORT PROPOSED AND GONDOLA EVERVAIL RESORT AND GONDOLA
1 2 3
CASCADE CASCADE ENCLAVE ENCLAVE
Cascade Village Building 1 Cascade Village Building
Chair220,Chair Cascade VillageVillage Lift Lift 20, Cascade Cascade Village Vail Cascade Resort Ski Building Valet 3 1 Vail Cascade Resort Ski Valet
Chair 20, Cascade Village 4 2Vail Resort Lift Ticket Office Lift 4 Vail Resort Lift Ticket Office
5
3 Vail Cascade Resort Ski Valet
5 Sports, Charter Sports, ski &rentals bike rentals Charter ski & bike VailSpa Resort Lift Ticket Office 6 4Aria & Club
6 Aria Spa & Club Sports, ski and bike rentals 5 Charter 7
Aria Spa & Club outdoor heated pool & hot tub
8
Aria Spa & Club indoor tennis court
7
Aria Spa & Club 6 Aria Spaoutdoor & Club heated pool & hot tub
8
7 Aria Spaindoor & Clubtennis outdoor heated pool and hot tub Aria Spa & Club 9 Aria Spa & Club outdoor court tennis court
8 Aria Spa & Club indoor tennis court 9 Aria Spa & Club Village outdoor tennis court 10 Cascade Cafe & Market 9 Aria Spa & Club outdoor tennis court 10 Cascade VillageBar Cafe & Market 11 Fireside & Lounge 10 Cascade Village Cafe and Market
12 11Chop’s Grill & Chophouse 11 Fireside Bar & Lounge Fireside Bar and Lounge 13 12 Vail Cascade outdoor heated pool & hot tub Atwater onResort Gore Creek 12 Chop’s Grill & Chophouse 14 Vail Cascade Resort Conference Center
13 Vail Resort Cascade Resort outdoor heated pooltub and hot tub 13 Vail Cascade outdoor heated pool & hot
15 14Vail Cascade Resort & Spa covered parking Vail Cascade Resort Conference Centergarage
14 Vail Cascade Resort Conference Center
16 15Vail Sports Medicine Physical Vail Cascade Resort & SpaTherapy covered parking garage
15 Vail Cascade & Spapath covered Vail Resort Sports Medicine Physical Therapy 17 16Biking and walking to Vailparking Village &garage Lionshead
16 Vail Sports Medicine Physical Therapy Biking andtrout walking path to Vail Village and Lionshead 18 17Gold medal fishing in Gore Creek 18 Gold medalpath trout in Gore&Creek 17 Biking and walking tofishing Vail Village Lionshead
18 Gold medal trout fishing in Gore Creek
1
1
In Detail Square Footage
22,360 square feet per Eagle County Assessor
Entitlements
Development approved and assignable 36,000 square feet for 14 luxury condominiums and commercial space
Building Structure
Concrete, Steel, Stucco
Roofing
Asphalt and Stone
Common Use Access
Loading Dock, Building Elevator, Common Areas
HOA
Fees include access, maintenance and insurance for common areas, all utilities, right by use 69 unassigned parking spaces, snow removal, trash collection
Current Amenities
2 Theaters with stages (seating capacity 75 and 275), working concession stand, dance studio, men’s and women’s locker rooms
Listing Agent
Leslie Hindman Real Estate Auctions EL#100040328
Broker
Susan Bird ER#1191525
Points of Interest • Located with in the four diamond Vail Cascade Resort & Spa • Chairlift #20 provides direct ski-in, ski-out access to Vail Mountain • Directly adjacent to future Ever Vail Development • World Alpine Ski Championships will be held in Vail in 2015
Terms of Sale Auction
Sealed Bid Deadline January 3rd 2013
Showings
12 pm - 6 pm December 26th 2012 - January 2nd 2013 (or by private appointment)
Terms of Sale
Sold As Is, Where Is. The Terms of Sale are listed in the Property Information Package.
Buyer’s Premium
A 10% buyer’s premium will be added on to the winning bid.
Bidding Requirements
All prospective bidders must complete a registration form and sign the conditions of sale. To submit a sealed bid, a deposit of $100,000 into an escrow account held by Land Title Guarantee Company. This can be in the form of electronic transfer, certified check, check with a Bank Letter of Guarantee, or cashier’s check.
Winning Bid Deposit
The winning bidder agrees to make a deposit of 10% of the final sale price on the day of the auction. The deposit is non-refundable should the buyer fail to close within 30 days.
Broker’s Participation Broker Participation is invited. A licensed Colorado Broker will receive a commission of 3% of the winning bid price.
Scott M. Thompson | President PH: 312.334.4205 fx: 312.280.1211 scottthompson@lesliehindman.com Susan M. Bird | Managing Broker PH: 970.376.3233 fx: 970.476.2183 susanbird@lesliehindman.com INQUIRIES LHRealEstate@LeslieHindman.com 312.280.1212
LHREALESTATEAUCTIONS.com The information included herein is not guaranteed; no investigation or review has been made to its accuracy; some information provided may be from outside sources. This information is not certified as accurate by the Seller, Broker or Auctioneer, or any of their affiliates. All information contained herein is subject to corrections, errors and omissions. This property is subject to prior sale and may be withdrawn, modified or cancelled without notice at anytime.
REAL ESTATE AUCTIONS