Offering Memorandum THE COTTAGE INN. North Lake Tahoe,California. HANS HANSSON CA BRE #

Size: px

Start display at page:

Download "Offering Memorandum THE COTTAGE INN. North Lake Tahoe,California. HANS HANSSON CA BRE #"

Clare Horton
5 years ago
Views:

i t is not guaranteed, however, and should

1 Offering Memorandum THE COTTAGE INN North Lake Tahoe,California t h e informat i o n has been secured by sta r b o a r d tcn from sources believed to be reliable. i t is not guaranteed, however, and should be verified prior to consummat i n g any transaction.

Disclaimer This Offering Memorandum has been prepared to provide summary, unverified information to prospective buyers, and to establish only a preliminary level of interest in the subject property.

2 Disclaimer This Offering Memorandum has been prepared to provide summary, unverified information to prospective buyers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Starboard has not made any investigation, and makes no warranty or representation, with respect to income or expenses for the subject property, future projected financial performance of property, size and square footage of property and improvements, presence or absence of contaminating substances, PCB's or asbestos, compliance with State and Federal regulations, condition of improvements thereon, or financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Starboard TCN Worldwide has not verified, and will not verify, any of the information contained herein, nor has Starboard TCN Worldwide conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT IN- VESTIGATION AND DUE DILIGENCE. All potential buyers must take appropriate measures to verify all of the information set forth herein. t h e informat i o n has been secured by sta r b o a r d tcn from sources believed to be reliable. i t is not guaranteed, however, and should be verified prior to consummat i n g any transaction.

Offering Summary Starboard Commercial Real Estate as exclusive agents is pleased to offer for sale The Cottage Inn that sits on 2 acres steps from Lake Tahoe, housing 22 rooms in 8 cottages plus a

3 Offering Summary Starboard Commercial Real Estate as exclusive agents is pleased to offer for sale The Cottage Inn that sits on 2 acres steps from Lake Tahoe, housing 22 rooms in 8 cottages plus a Lodge. At the lodge, guests are treated to breakfast and happy hour. The Lodge is also where office operations take place. In addition to the rooms and lodging, there are 2 garden areas where guests are welcome to lounge. The Cottage Inn: A Legacy for you Steps from the West Shore of Lake Tahoe and Tahoe Park Association s private lakeshore property of lawn, two piers, bocce court, playground, barbeques and buoy field is historic Cottage Inn. Originally built in the 1930s, this property has evolved over the years into two (2) acres with 8 cottages plus the main Lodge. Perfect for a Family or Company/Corporate compound or a Retreat Center, it is currently operating as a vibrant Bed & Breakfast with 22 Units of varying sizes/22 legal Tourist Accommodation Units (TAUs). A new owner could utilize its retreat/company meeting aspects and continue to operate its popular B&B. The zoning also provides for a Planned Unit Development that would require some interior reconfiguration and, of course, approval from appropriate agencies. Charming and Romantic are perfect descriptive words for the shingled buildings that have character and are all a bit different. Five of the buildings each have two units, one building has five units, one building has six units and one building has one unit up with the Inn s laundry room below. One of the units is handicapped certified. Two of the units have a small kitchen and the Lodge has a commercial kitchen along with a dining room, living room and check-in office. In summer, a lovely deck enhances outdoor seating, and there is a central grass area with seating and a hammock or two. A pathway leads to the private waterfront entrance. The land is level and showcases gorgeous pine trees. Sunnyside Resort for casual and fine dining is a brief walk away as is Firesign Café, renowned for breakfast and lunch. There is also the new Sunnyside Market & Deli just down the street, and it s a little over two miles to Tahoe City bike trail or car. Financial information on the B & B operation will be available to a qualified purchaser indicates a gross income in excess of $1 million.

Property Overview 1690 W Lake Blvd., Tahoe City, CA 96145 Relax with the rich smell of pine trees and peaceful atmosphere of Lake Tahoe s historic west shore.

4 Property Overview 1690 W Lake Blvd., Tahoe City, CA Relax with the rich smell of pine trees and peaceful atmosphere of Lake Tahoe s historic west shore. From this convenient location you can sample a wide variety of four-season outdoor recreations, shops, museums, restaurants, casinos, arts activities and music. The bike trail is right outside the property. At the close of your stay you ll leave refreshed, restored, and planning ahead for your next Tahoe getaway! Travel Flying» 1 hour from Reno/Tahoe International Airport» 35 minutes from South Lake Tahoe Airport (non-commercial)» 30 minutes from Truckee Airport (non-commercial) Driving» 20 minutes via Hwy 89 from Truckee (Int 80)» 2 MilesSouth of Tahoe City The Opportunity» Single family use, Company/Corporate Retreat with or without continued B & B use» TAUs can be banked or sold, with value» Possible PUD. One possibility offering three clusters utilizing the 3 kitchens on the property» Health Care Services out patient only (dentist, etc.)» Religious Assembly, Membership Organizations: however, no lodging Building Size: Lot Size: No. Rooms: Acreage: Zoning: Sale Price: 8,598 Sq. ft. 87,120 Sq. ft Linear Commercial Negotiable

Investment Highlights 8 cottages 22 rooms

walk to/from the Lake Tahoe and water sport

access Casual and fine dining is a brief

5 Investment Highlights 8 cottages 22 rooms Plus a Lodge Guests are treated to breakfast and happy hour 2 garden areas where guests are welcome to lounge Short walk to/from the Lake Tahoe and water sport rentals Volleyball Court Private beach access Casual and fine dining is a brief walk away as is Firesign Café VIEW PROPERTY VIDEO DOWNLOAD NDA HERE

Investment Highlights The Lodge The original residence on the property was built by Ernest Pomin in 1938 and is decorated with Old Tahoe style fur nishings.

6 Investment Highlights The Lodge The original residence on the property was built by Ernest Pomin in 1938 and is decorated with Old Tahoe style fur nishings. Breakfast is available every morning in the din ing room or on the deck in the summer. In the afternoon, mingle with other guests or meet new friends over a glass of wine, cookies, and snacks during happy hour; enjoy mulled wine and soup after a day of skiing. Book dinner reservations to renowned area restaurants with office.

7 Property Overview

8 Property Photos

The Rooms The Cottage Inn redefines unique with its

person jetted or soaking tub, TV, gas fireplace,

Included in the room charge is a hearty country

9 The Rooms The Cottage Inn redefines unique with its enchanting cabin décor and themed rooms, the perfect getaway for couples. All rooms have a private shower bathroom, some a-2 person jetted or soaking tub, TV, gas fireplace, mini fridge, hair dryer, and WIFI. Included in the room charge is a hearty country breakfast from the Lodge kitchen, served daily in the dining room or on the lovely outdoor deck in the summertime.

Investment Highlights Beach Access The Cottage Inn

can be obtained at the front desk with a cash deposit

Here you may enjoy sunning on the docks, swimming in

bring your own beach chairs if you don t like sitting

10 Investment Highlights Beach Access The Cottage Inn lies a few steps from one of the finest private beaches on Lake Tahoe. All our guests are welcome with an access key that can be obtained at the front desk with a cash deposit (refundable upon return of the key at check out). Here you may enjoy sunning on the docks, swimming in the clear water, or picnicking at tables under the trees. Beach towels are available at the lodge, but please bring your own beach chairs if you don t like sitting on the lakeside pebbles. During winter months, enjoy a peaceful stroll along the snowy path to take in the beautiful views along the shoreline.

11 Property Map Lake Tahoe Short walk to the beach Lawn Area Parking Lot Parking Lot Parking Lot Office, Lodge & Breakfast Main Door Main Entrance South Highway 89/West Lake Blvd.

13 Lake Tahoe

Pousada Suites Motel Redevelopment

Offering Memorandum Pousada Suites Motel Redevelopment Hollywood, FL CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential.