One of the last remaining large tracts on Lake Chickamauga is going up for auction.
The sale on May 18 involves seven lots with tract sizes from 5-8 acres, officials of the Henry Glascock Company said.
There is a "motivated out of town owner and it must be sold for corporate dissolution," it was stated.
The land was originally purchased from the Tennessee Valley Authority in 1945 by the Provident Life and Accident Company (Provident Club) in 1945.
The property was then improved with a club house, swimming pool, tennis courts, basketball court, several pavilions, several docks, a boat ramp, a care takers residence and other recreational use structures.
Many years later, Provident gave the property to the YMCA who subsequently sold it to the present owners, YNOT, LLC.
Officials said, "The YNOT lake property is spectacular, consisting of approximately 44.5 rolling, wooded Chickamauga Reservoir acres with over 3,400 linear feet of shoreline on the 685.44’ contour. This property has never before been available in smaller tracts and this auction presents a once in a lifetime opportunity. The property has been preliminarily divided into seven smaller tracts, each in excess of five acres and each accessed by a 50-foot-wide ingress/egress and utility easement that runs primarily along existing roadways. Only one of the tracts will require additional road construction for access."
The property is at 7035 Glover Road.
The auction will be at 6 p.m. at the SpringHill Suites Marriott, 495 Riverfront Parkway, downtown.
The open house schedule includes:
Saturday May 13th 12:00 to 4:00
Sunday May 14th 12:00 to 4:00
To get to the property, take Highway 58 from Highway 153 to its intersection with Hickory Valley Road. Go left at the Mapco Mart (see auction sign) and take Hickory Valley Road to its terminus at Harrison Pike/Glover Road. Merge onto Glover Road and follow it all the way to the entrance to the YNOT property. Utilities provided on Glover Road include a six-inch water line and overhead power.
There is a 10 percent buyer's premium.