Bankruptcy Auction: 84 Slip Marina on 2.9+/- Acres
1423-1427 Bay Ave, Toms River, NJ - 08753
Description
Bankruptcy Auction: Hobby Lobby Marine, renovated in 2014 after Super Storm Sandy, has been family owner and operated since 1961. This 84 boat slip marina can accommodate vessels up to 40ft. The marina has a loyal customer base providing storage, repairs and sales (licensed parts & Yamaha outboards dealership). See Bidding Procedures, Asset Purchase Agreement as well as other important property and auction information in Documents. IN RE: Hobby Lobby Marine, LLC., Chapter 11, Sub V Bankruptcy Case No.: 22-19381-KCF in the US Bankruptcy Court, District of New Jersey. Please note: We are accepting bank checks ($150,000) onsite at the auction.
Documents
Unlock Due Diligence by signing the Confidentiality Agreement.
Auction Information
- Executive Summary (Revised 5.5.23)
- Bidding Procedures
- Auction Day Asset Purchase Agreement (V4.21.23)
Property Information
- Equipment List
- Property Pictures
- Survey
- Tax Map
- Deed
- Phase I Environmental Report (14.2MB) *
- Tax Notice (V5.5.23)
* Requires confirmation of Online Agreement
Terms & Conditions
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Buyers Premium
No Buyer's Premium
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Closing
See Bidding Procedures
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Deposit Amount
$150,000 Bank Check or Wire Transfer
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Broker Co-op
2% to duly registered broker. YOU MUST SUBMIT A BROKER REGISTRATION FORM TO AUCUTIONEER NO LATER THAN 24 HOURS PRIOR TO AUCTION IN ORDER TO REGISTER. CONTACT AUCTIONEER FOR REGISTRATION FOR REGISTRATION FORM.
Inspection
By Appointment Only
Auction Location:
On-Site