Charming 2 bed, 1 bath cottage, affordable way to have access on Lake Bellaire & Lower Chain of Lakes (Shared frontage, 6 cottages total) with docking/mooring rights. Purchaser will receive 1,000 shares of stock (1/6 interest) in Bellaire Golf Colony, Inc. Conveyance is through Proprietary Lease, Past Docs show 100 year term. Assoc fees approx $ 3,100 (last year) covers property taxes, install & removal of docks, insurance,lawn maintenance, water start-up and shut down. Water for cottage is set up for May 1- Nov 1 ( +/-). Whether your looking to enjoy Northern Michigan, or want a rental investment. THIS WILL REQUIRE A CASH BUYER. Seller is Kelly M. Hagan, Chapter 7, Trustee. Sale is Subject to First Right of Refusal & Bankruptcy Court Approval. See Associated Docs for details of process.
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