Bankruptcy Auction: 1.8± Acre Development Site + Liquor License + FF&E

Description

Bankruptcy Auction. Qualifying Bids due March 1st. Auction March 3rd @ 10AM.  In Re:FESTIVE WORKS, LLC, et al. United States Bankruptcy Court, District of New Jersey Chapter 11, Case No.: 21-10445 (JKS).  Real Estate: There are a total of 9 lots in the offering totalling 1.8± Acres of land. Currently, there is a 2-story, 9,225± SF operating restaurant on a small portion of the site. Liquor License: Plenary Retail Consumption License # 2018-33-011-006. There are only 9 active consumption licenses in the town of Summit. Perfect for a restaurant, franchise or new concept looking to open in this high-end area. FF&E: Furniture, Fixtures and Equipment located at the subject premises. Phase I, Phase II, Appraisal, Bidding Procedures as well as other Property and Auction Information available in the Data Room.  Download instructions below.

Documents

Auction Information

Due Diligence Information

* Requires confirmation of Online Agreement

Terms & Conditions

  • Buyers Premium:

    See Data Room

  • Closing:

    See Data Room

  • Deposit Amount:

    See Data Room

  • Broker Co-op:

    Broker Coop is being offered. See Data Room.

Inspection

By Appointment Only!

Auction Information

Due Diligence Information

* Requires confirmation of Online Agreement

  • Buyers Premium:

    See Data Room

  • Closing:

    See Data Room

  • Deposit Amount:

    See Data Room

  • Broker Co-op:

    Broker Coop is being offered. See Data Room.

By Appointment Only!

Auction Info:

  • Wednesday, March 3rd @
    10:00 AM
  • Property Type
    Commercial & Residential Development
  • Property Location
    527 Morris Avenue
    Summit, NJ 07901
  • Auction Location
    On-Site

Property Map



Auction Contact(s):

Oren Klein

  • Email Oren
  • W: (212) 375-1222 x703
    F: (212) 202-6267

Joshua Olshin