PROPERTY DETAILS

Shown By Appointment With 24 Hour Notice

Approximate Lot Size: 525 Road Front Feet X 550’x 494.94’x 550’ (5 Acres M/L)

Construction: Wood Frame Commercial Building

Age: 5 Years (2006)

Approximate Square Footage:

First Floor:       1800 Sq. Ft.

Second Floor: 600 Sq. Ft.

Basement: 1800 Sq. Ft.

Open Covered Patio Dining: 517 Sq. Ft.

Occupancy:

Floor Area/Sq. Ft. / Person = Occupancy Load

First Floor : 60

Second Floor: 4

Basement: 60

Patio Dining Area: 42 People Estimated

Approximate Taxes:

2010 –11 School Tax:            $ 2607.92

2011 Town & County:           $ 6153.06

Approx. Total Taxes: $ 8,760.98

NOTE: The property currently receives a $140,900 Assessment exemption. The exemption in 2012 is reduced to $120,800

AMENITIES

¨ Prime business investment property

¨ Nestled in the hills of Chautauqua County, located within walking distance to:

* World Renown Chautauqua Institution

* 36 Hole Public Golf Course Designed By    Donald Ross

* Shores Of Chautauqua Lake

OR DRIVING:

* Just A Few Miles Off Interstate 86

* 500 Yards Off Route 394

* Easily Accessible To The New York State  Designated Snowmobile Trails.

* Minutes From Numerous Hotels, Motels &  Campgrounds.

¨ 5 Acres offering unlimited building and parking expansion.

¨ Building designed and constructed in 2006 incorporating the latest in energy conservation, insulation, lighting, heating and air conditioning. (Geo Thermal System).

¨ Exterior treatment of building, windows, facia, soffit and wall surfaces (stucco) provide low on going maintenance.

¨ Configuration of present building offers many business opportunities in addition to continuing the same or similar business.

¨ Basement Level Entry For Loading/Unloading, Not Visible From The Road.

¨ Great Facility & Location To Operate:

* Restaurant/Deli

* Hand Crafted Brew Pub

* Retail Store

* Learning Center

* Coffee Shop/Internet Café

* Professional Offices

¨ MUST BE SEEN TO APPRECIATE THE CRAFTSMANSHIP AND ATTENTION TO  DETAIL

Reference sketches

Site Plan: Sketch 1

Aerial View: Sketch 2

First Floor Layout: Sketch 3

Basement Layout: Sketch 4

Second Floor Layout: Sketch 5

Domestic Water Supply: Sketch 6

Non-Potable Water Supply: Sketch 7

Utility Layout: Sketch 8

Survey: Sketch 9

Room Dimensions

FIRST FLOOR:

Wine Tasting Area

Retail Sales Area

Display Area

Café Area

Open Covered Dining Patio

Mens & Ladies Rest Rooms Addressing ADA

SECOND FLOOR:

Bedroom

3/4 Bathroom

Living Room

Outside Open Balcony

BASEMENT:

Mechanical Room—Electrical

Heating & Cooling—Geo Thermal Plant

Mechanical Room—Water System

Restroom—Uni Sex

Large Open Work Area, Shipping & Receiving

GENERAL  STRUCTURE INFORMATION

Basic Structure Size: Starting at the North West Corner (Clockwise), 20’-5”x 5’-8”x 27’-8”x 33’-6”x 21”x 27’-6”x 5’-10”x 5’-8”x 23’-2”x 5’-8”x 10’x 55’-6”

Basement: 60’x 30’

First Floor: 60’x 30’

Open Covered Patio Dining: “L” Shape, 12’-3”x 13’-8” & 17’-10”x 38’-1”

Open Covered Front Porch: 8’x 42’-10”, 8’x 22’-6”

Second Floor: 40’-3”x 30’

Open Balcony: 8’x 25’-7”

Roof: Standing Seam, Met-Tile Panel System

Facia: Recycled Cypress

Soffitt: Recycled Cypress

Exterior Walls: 6” Thick, Exterior Finish 7/8” Stucco

Windows: Anderson Series 200,

Combination of Casement & Stationary

Doors: Exterior & Interior, Wood, Fiberglass & Steel Insulated, Painted & Stained.

Overhead Door: Wayne-Dalton, 12’x 8’, Metal Clad Insulated.

Gutters & Down Spouts: None

Driveway & Parking Lot: Gravel

UTILITIES

Sanitary Sewage: Municipal,

North Chautauqua Sewer District #4

Rate: Per Quarter Per Unit (17,500 gal.)

$83.00 Commercial Properties Pay 120% Or $99.10 Per Unit Per Quarter

The property has never been charged for more than 1 unit

NOTE: This property is outside of the sewer district. The district allows the property owner to pump their sewage from a lift station located on the East side of the building directly East to a collection point on the back of the Chautauqua Institution. See Sketch 8042-5

Water: Two Drilled 8” Case Wells, Depth 110 Feet, Approx. Goulds Submersible Pumps. Flow Rate 2 to 3 Gallons Per Minute. To Address Water Demand, One Well System Supplies Water To A 300 Gallon Reservoir Tank. Well System 1 Is Used Only To Provide Water To Outside Faucets For Yard Use. Well system 2 Provides Water For Domestic Use and Consumption. See Sketches Covering The Water Systems (#8042 & 8042-1)

Electric Service: 400 Amp Service. G.E., 400 Amp. Disconnect, 42 Circuit Breaker Load Center, G.E. 225 Amp. Sub Panel, 42 Circuit Breaker Load Center, G.E., 100 Amp. Sub Panel, 18 Circuit Breaker Load Center.

Heating & Air Conditioning: Provided By A Geo Thermal System Installed By Ratahman Plumbing & Heating. The System Employs Two Carrier Model NO. YEV060RCB301, Pumps and Air Handlers.

Hot Water: Ruud, Ruud Glass Pacemaker, Model PE2M-52-2, 50 Gal, Electric.

Security System: Victor Security, Erie PA

Electric Provider: National Grid Power Corp.

Telephone Provider: Fairpoint Communications

Internet Provider: Time Warner

PROPERTY DATA:

Zoning: RA, Residential Agricultural

School District: Chautauqua Lake Central School

Township: Chautauqua

Tax Identification:

Old Tax ID: Section 25 Block 1 Lot 9.3

New Tax ID: 297.00-1-49.2

Property Assessment:

Land: $   56,000

Improvement: $ 402,500

Total Assessment: $ 458,500

2011 Exemption: $140,900

Taxable Value: $317,600

NOTE: In 2012 the tax exemption decreases to $120,800

Deed Reference: Book 2549 Page 500 Filed 7-9-2004

Current Title Search: To Be Furnished By Seller

Survey Reference: Abate Associates Engineers & Surveyors, PC

Job No 2-04-4A/04331

Dated: 4-20-2004

Plot Survey: Simmons Associates

J & L Engineering

Site Plan C-101

Dated: 4-20-04

County: Chautauqua

Title Search: To Be Provided  By Seller

Possession: Deed Recording

Legal Representative:

Wright, Wright & Hampton

Attorneys At Law

Attorney Edward P. Wright

525 Fairmount Ave.

PO Box 1198

Jamestown, NY 14701-1198

716-483-1122

EQUIPMENT & FURNISHINGS:  The sale of the property does not include equipment or furnishings

DISCLOSURES:

1. Subject to all restrictions, easements, rights-of-way, building lines, leases and oil and gas leases of record, and to all easements and rights-of-way visible and discoverable upon an inspection of the premises.

2. Agriculture Disclosure: The property is in an agricultural area. “Farming Community: with its associated activities causing noise, dust, odors, in addition to but not limited to the use of various agricultural chemicals for crop maintenance and production

3. Square Footage: If the square footage is important to the Buyer/Buyers they should have the property measured and not rely upon the information provided in this property prospectus.

4. Sale Price To Current Assessment Disclosure: Under current assessment practices, in order to maintain 100% equalization rate, if the assessment does not equal the sale price you may expect at some point, the assessment to be changed to reflect the actual sale price. If you have questions contact the local town assessment office in which the property is located.

5. Survey Disclosure: All property dimensions are approximate and subject to verification by a current land / plot survey

6. Flood Plain Insurance Disclosure: It is the opinion of Howard & Associates Real Estate—Appraisals—Auctioneers that the property is not in a designated flood plain.