935 Ocean Boulevard
Thursday, October 13, 2022 2:00 p.m.
|Auction Type||Real Estate Auction|
|Date||10/13/2022 2:00 p.m.|
935 Ocean Boulevard
|Online Auction URL||View Online Auction|
|Virtual Tour||View Virtual Tour|
|Location Link||View The Map|
|Bidder Deposit||Pay Online|
Trustee's Sale at AUCTION
Windjammer By the Sea Motel
Hampton, New Hampshire
Online-only auction ends: Thursday, October 13th at 2:00 p.m.
Selling to the highest bidder at or above $2,500,000.
Paul McInnis Auctioneer is pleased to present the Windjammer by the Sea Motel for the first time since 1995 located at 935 Ocean Boulevard. The owners have decided to retire, and now is the time for the next steward to take their place. The motel enjoys expansive ocean views and has been operating for more than two hundred years. This exquisite property is situated on Hampton’s North Beach across from Bicentennial Park, just two miles north of Hampton Beach, home to the renowned Hampton Beach Casino Ballroom. North Beach is the sought-after location by locals and surfers alike for its relaxed atmosphere and excellent surfing.
The Windjammer comprises twenty-two guest rooms, a first-floor garden apartment, and a basement apartment with full kitchens and bathrooms. Amenities include an in-ground swimming pool, a picnic area, and ample on-site parking with adjacent public parking.
Each room is uniquely appointed; some include full kitchens or a kitchenette. The guest rooms rent up to $380 per night in season, with an owner-reported gross revenue of $420,000 for the 2021 season. Financials are available for review with the auctioneer. The property totals 1.12 acres in the Business-Seasonal zone, which allows for many permitted uses. Tax Map 151, Block 6.
Inspection: By appointment only, September 28th and October 6th. Please email: firstname.lastname@example.org to schedule your appointment.
A $25,000 deposit by check or e-check will be delivered to the auction company as a qualification to bid. Successful bidder to deliver earnest money totaling 10% of the total purchase price no later than Friday, October 14th at 1:00 p.m., with the balance due at closing within 45 days of the auction. A 7% Buyer’s Premium will be added to the high bid price to become the total purchase price. Property is being sold free and clear of all liens by Warranty Deed. Sale per order of the Trustee.
All other terms are provided in the Property Information Package.
Auction Subject to all Terms of Sale © 2022 Paul McInnis LLC
Paul McInnis LLC Auctioneers, Appraisers
Real Estate Brokerage & Realtors, Estates
Serving New Hampshire, Maine, Massachusetts & Vermont
3R Birnum Woods Road, Stratham, NH
Wednesday, June 14, 2023 @ 1:00 p.m.
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