Smoky Mountain Resort Auction

Owners of 32 Years Retiring

14 Fireplace Cottages, Office and Farm House on

30+- Acres in Two Parcels

Mountain Brook Cottages, 208 Mountain Brook Road

Sylva (Jackson County), NC 28779

ONSITE AUCTION: Saturday, October 22nd , 2011 at 11 AM

OR BID ONLINE AT www.auctionEbid.com

Mountain Brook Cottages has been in operation as a leisure destination since the 1930’s and the main cottages were constructed during that time of native stone and logs. The property, ranging from 2800’ to 3200’ elevation, includes a trout pond, a nature trail, a playground area, a sauna/meditation bungalow, a gameroom, and two brooks. The main tract is identified by Jackson County as Parcel Number 7518-50-7488. Cottages 14, 15 and well plot, selling separately, are parcel numbers 7518-60-2563, and 7518-60-3543.

Name Type Approx SF Note

Resort Office 2 BR 1187 Built 1958 Offices, could be reconfigured

Farm House 4 BR 1588 Built in 1930’s, Owners residence

Cottages 1-3 2 BR 750-782 sf Built 1930’s stone/log construction

Cottages 4, 5, 7-9 1 BR 494-612 sf Built 1930’s stone construction

Cottage 6 2 BR 903 Built 1930’s stone/wood construction

Cottage 10 2 BR 1491 Built 1967 T111 type finish

Cottages 11& 12 1 BR 1041 Remodeled 1990 brick sided, Jacuzzi/Sauna

Cottage 14 1 BR 819 Built 1954 wood sided, Jacuzzi/Sauna (SOLD W/ 15)

Cottage 15 2 BR 912 Built 1965 wood sided (SOLD W/14)

All cottages are fully furnished with wood-burning fireplaces.

Separately selling websites www.mountainbrook.com and others, and the resort’s historical client and newsletter database!

Terms: Proof of Required Earnest Money Down payment Funds required to bid , 10% Buyers Premium added to winning bid to determine sale price, a $75,000 Earnest Money Deposit is payable immediately after the auction, close no later than Tuesday, November 29th , 2011.

Broker Co-Op: 2% Commission Paid to Properly Registered Brokers, see BROKER PARTICIPATION section on website terms for details

For additional property information, auction terms, and contract form, visit www.auctionEbid.com or call 770-980-9565, TOLLFREE 877-980-9565

Questions? Contact Marsha Howell, 404-822-3525, at marsha@auctionEbid.com

Julian E Howell, NCAL#7403

1827 POWERS FERRY ROAD, BLDG. 5

ATLANTA, GA 30339

770-980-9565

www.auctionEbid.com