ABSOLUTE AUCTION

SATURDAY, November 22nd, 2014, 10:30 AM EDT

HEART OF PIGEON FORGE

OLD BENSON ESTATE

 12+ AC Fronting Veterans Blvd & Pigeon River

COMMERCIAL ZONED C-6

 ADJOINS KOA CAMPGROUND

Old Homeplace & Motel Leasehold

GROUPING WILL BE OFFERED BUT ONLY ON HOUSE TRACT & TRACT 3

Bidders must qualify w/$25,000 Cashier's Check, Wire Transfer, or Bank Letter w/correct wording

LIVE BLUEGRASS FROM THE MATT LEADBETTER BAND

All 4 Tracts front beautiful PIGEON RIVER at back

Tract #2 BUY INCOME-PRODUCING: This 4.56 AC Tract sells fee simple subject to
long-term leasehold. Present monthly ground lease income is approx. $8,000 per
month. Lease income increases approx. 2% every year. This tract has nice motel with traffic light entrance at intersection
of Dollywood Lane and Veterans Boulevard. This Prime Income-Producing Tract sells subject to all terms and conditions of
existing leasehold. Please see final statement of sale with terms and conditions before you bid.

The beautiful OLD HOMEPLACE is one of the
most attractive settings in Pigeon Forge, TN. This nice old 2-story home
has approx. 2,000 sq ft on bottom level w/lots of hardwood floors &
natural wood, newer kitchen & master bath. Upstairs has approx.
1,200 sq ft 2-bedroom separate living quarters w/kitchen, bath & large
living area. Separate H&A units & electric meters up and down. Home
has new metal roof. Front porch overlooks river. 50’x30’ garage/workshop.
This nice tract has 1.32 AC w/402 ft highway frontage & 269 ft on river.

NOTICE: Under 42U.S.c4582(d) the purchaser of a single family residence has a maximum of ten (10) days to conduct a risk assessment or inspection of the property for the presence of lead-based paint hazards.  Nov 12, 2014 begins this ten (10) day period.