74 Maple Street, Templeton, MA

19,116± SF Building

Land - Building - Restaurant
Bar - Billiards - Equipment
AUCTIONS
Bid on the land & building, bid on the assets (FF&E)
or BID ON BOTH!
Renovated in 2005-6, this pub/restaurant/billiards/banquet facility features, 483 capacity, handicap access, new heat, electric, sprinklers, restrooms, full banquet kitchen, 74 car parking, 50 x 100 basement, 2 loading docks, 1.25 acre lot, offices and more. Village District zone. Assets include all kitchen equipment, coolers, freezers, point of sale, 5 billiard tables, furniture and more.

Auction Date: Thursday, June 4, 2009 at 11:00 AM

PROPERTY INFORMATION

Property Address:

74 Maple Street, Templeton, MA

Recorded at:

Worcester District Registry of Deeds, Book 36795, Page 62

Auction Date:

June 4, 2009

Auction Time:

11:00 AM

Mortgage Position:

First Mortgage & Secured Party Liens

Land Area:

38,030± plus land leased from USA± SF

Building Area:

19,116± SF

Zoning:

Village District

Taxes:

$6,580.37±, FY 2009

Assessed Value:

$609,500.00±

Water/sewer:

Town water/Town sewer

Year Built:

1920±

Description:

This wood beam framed, brick exterior building consists of approximately 15,201 square feet plus a lower level of approximately 4,200 Sq Ft and, was recently extensively renovated. The land consists of approximately 38,030 square feet plus an area that is leased from the USA at no cost. The total land including the leasehold interest is approximately 1.25 acres The building was utilized as a bar and grill that has a billiard table section and a separate function hall. The ceiling height is approximately 12 to 14 foot. There are two receiving areas located at the back of the building. The exterior of the building is mostly brick and masonry and the right side is wood clapboard. The main portion of the building has a recent rubber roof with a small portion being asphalt composition. There are newer double hung windows throughout most of the building. The main portion of the building is built on a slab foundation and the right side of the building is built into the land contour with a lower level/basement area of 4,200+ square feet. This space is utilized for storage and some receiving as there is an overhead receiving door at the right hand side.
 

Features: Two sided gas fireplace, Large commercial kitchen, 4 lavatories (two modern and handicap accessible), Fully sprinklered building, Sports bar with licensing that allows 228 patrons and a function room with a 228 patron allowance and 7 additional people allowed for the office space. The license allows a total of 456 patrons. Two newer oil fired boilers, 75 gallon hot water heater by propane. The building is cooled by central air-conditioning.

Alcohol: The current owner and/or mortgagee agree to assist, to the extent possible, with the transfer of the existing liquor license to a new owner.
 

Sale Format: The real property, not including any furniture, fixtures or equipment, will be offered for sale at auction subject to a sale of the entirety. The personal property (furniture, fixtures and equipment, see partial inventory within the PIP) will be offered for sale at auction (one bid for all the assets) subject to a sale of the entirety. Upon completion of the real estate sale and the personal property sales, the real property and the personal property will be offered together. The higher of the separate sales or the “sale in the entirety” will be confirmed.

Directions:

Route 2 to exit 20, north on Baldwinville Road for 2.5 miles, left on Maple to #74.

Terms:

TERMS for Real Estate: $10,000 deposit in cash or bank cashier's check, balance within 30 days.
TERMS for Assets: 10% deposit in cash, company or bank check, balance within 3 days. No personal checks.

Other terms to be announced at the sale. Not a representation or warranty by the auctioneer, mortgagee or their attorney.  Auctioneer not responsible for errors or omissions.