Bids Close Noon, Tuesday, August 27, 2024
RE/MAX Lloydminster
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Please note this is now an asset (land title) sale only, not a share sale as previously stated. The successful buyer must also apply for the Crown Lease lands separately; see additional information on this site.
Agricultural Land for Sale by Progressive Tender In the Saskatchewan Rural Municipality of Frenchman Butte
We are pleased to present the following lands located approximately eight miles southeast of the Village of Paradise Hill in the RM of Frenchman Butte as an asset sale comprising 3,190 deeded acres and a Crown lease of 964 acres:
NE 34-51-22-W3 Section 18-52-22-W3 Section 07-52-22-W3 NE & SE 01-52-23-W3
NE 06-52-22-W3 Section 05-52-22-W3 NW, SW, & NE 08-52-22-W3
The Crown Land lease for the Section 12-52-23-W3 and NW & SW 06-52-22-W3 may be assigned to the purchaser of the ranch provided the purchaser meets the Ministry of Agriculture (Lands Branch) eligibility requirements.
The home quarter, SE 06-52-22-W3, has a 1981 bungalow, approximately 1,450 sq ft, with full basement and sunroom. Other improvements include a 24’ x 26’ detached garage, 40’ x 60’ shop (12’ walls), 32’ x 50’ pole barn, and corrals. The current tenant of the pasture will retain his portable panels, water tank, and some other chattels.
2023 property taxes for the deeded parcels were $7,669, and $2,102 for the leased lands. Vendor reports $80,184 annual income from the surface leases. Actual pasture and cropable acres may vary with climate conditions and agronomic practice. Bidders are encouraged to conduct their own diligence.
Initial offers must be submitted by Noon MST, Tuesday August 27, 2024. Bidders should be financially pre-approved and have any appraisal for value or other diligence completed before submitting their initial offer. To arrange a tour of the property, please contact George Bonnet (639) 840-1133. Additional inquiries can be made to Grant or Vern with The McClelland Group, RE/MAX of Lloydminster, (780) 808-2700 or email grant.m@progressivetender.com
Progressive Tender Steps:
Step 1: Submit Bid Document
· Download the Bid Document from the www.rockhousetender.ca website, pick up a copy at the RE/MAX office, or ask for one to be emailed to you.
· Fill out the required details. Buyers must be GST registrants and provide their GST number.
· Obtain a bank draft or certified cheque of $50,000 made payable to "RE/MAX of Lloydminster in Trust."
· Place both items in a sealed envelope and label it "Rockhouse Tender."
· Deliver the envelope to RE/MAX of Lloydminster at 5726 – 44th Street, Lloydminster, AB T9V 0B6 by Noon MST, Tuesday August 27, 2024. Attention: McClelland Group.
Step 2: Round Table Activity
· After the initial offers are opened, the Broker will contact each Bidder and inform them of the amount of the highest bid. Bidders will have until noon the following business day to submit a revised offer by phone, email, or text if they wish.
Step 3: Final Offer
· This "round table" process continues daily until every Bidder declares their Final Offer.
· If a Bidder doesn’t respond within the time limit or increase their bid by a minimum amount of 2% over the previous round’s highest offer, their last bid will automatically be declared as their Final Offer.
· Matching bids during progression rounds are discouraged.
Step 4: Confidentiality
· All Bidder names are kept confidential and only revealed to the Seller with the bid history when the progression rounds conclude. Bid history is the sole property of the Seller.
Step 5: Finalizing Purchase
· The Seller reserves the right to reject any or all offers, engage in further negotiations on price or terms, and may award the sale of the subject property to the buyer of their choice. The buyer will be asked to complete a Purchase Contract within two business days of acceptance.
· The bid deposit shall be increased to 5% of the purchase price and submitted with the Purchase Contract. All properties are sold “as is” at the time of possession and Bidders are encouraged to conduct their own diligence including determination of boundaries if desired.
· Completion for possession shall be prior to January 31, 2025 unless otherwise agreed.
Step 6: Legal and Accounting Costs
· Each party is responsible for their own legal and accounting costs. There is no buyer transaction fee.
Step 7: Notification
· All Bidders will be notified about the outcome once a Purchase Contract is completed between the successful Buyer and Seller. Deposits from unsuccessful Bidders will be released in a timely manner by the Broker once the Purchase Contract is in place.
The McClelland Group, Agricultural and Commercial Specialists with RE/MAX of Lloydminster, offers a full range of consulting services, land valuation, leasing, and real estate marketing to clients across Alberta and Saskatchewan. Call us today and start the conversation!
Grant McClelland – Direct (780) 871-4221 Email: grant.m@progressivetender.com
Vern McClelland - Direct (306) 821-0611 Email: vernmcclelland@remax.net
Click to Download Bid Package
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