We are pleased to present the following land located approximately three miles northeast of Maidstone SK in the RM of Paynton and the RM of Eldon, for sale as separate parcels:
Parcel One:
SW 31-47-22-W3 Extension 1 – ISC 149.66 titled acres. Outgoing tenant reports 132 cropable acres; balance is wetlands. Soil Final Rating ranges between 47 to 71; primarily Hamlin Light loam. 2024 crop was wheat. 2021 SAMA assessment for the agricultural portion is $240,800. 2024 property taxes are $677.28. Access is from Range Road 3230 along the west boundary. Ten-acre yardsite is not included.
https://www.google.com/maps/place/53%C2%B005'32.6%22N+109%C2%B013'02.3%22W/@53.092388,-109.217298,83633m/data=!3m1!1e3!4m4!3m3!8m2!3d53.092388!4d-109.217298?entry=ttu&g_ep=EgoyMDI0MDkxOC4xIKXMDSoASAFQAw%3D%3D
Parcel Two:
LSD 10 Sec 36-47-23-W3 Extension 7 & LSD 15 Sec 36-47-23-W3 Extension 9 – ISC 78.89 titled acres. SAMA profile designates 69 cultivated acres, however the outgoing tenant reports 60 as currently cropable. Soil Final Rating ranges between 55 to 79; primarily Meota fine sandy loam. Land is seeded to tame forage. 2021 SAMA assessment is $113,000. 2024 property taxes are $311.90. Vendor reports annual surface lease revenue of $4,500 from two Cenovus Energy sites with one under remediation notice. Hopper bottom bins are not owned by vendor and will be removed by July 31, 2025. Access is from Township Road 480 along the north boundary.
https://www.google.com/maps/place/53%C2%B005'58.6%22N+109%C2%B013'46.7%22W/@53.09961,-109.229632,83618m/data=!3m1!1e3!4m4!3m3!8m2!3d53.09961!4d-109.229632?entry=ttu&g_ep=EgoyMDI0MDkxOC4xIKXMDSoASAFQAw%3D%3D
Initial offers must be submitted by Noon MST, Tuesday November 19, 2024. For additional details or inquiries, contact 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 Offer Document
- Download the Offer Document from the www.wmtender.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 a GST number at completion.
- Obtain a bank draft or certified cheque for $10,000 made payable to "RE/MAX of Lloydminster in Trust."
- Place both items in a sealed envelope and label it “Wood Morin Tender."
- Deliver the envelope to RE/MAX of Lloydminster at 5726 –44th Street, Lloydminster, AB T9V 0B6 by Noon MST, Tuesday November 19, 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 current highest offer. 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 for each parcel daily until every Bidder declares their Final Offer.
- If a Bidder doesn’t respond within the time limit or increase their offer by a minimum amount of 2% over the previous round's highest offer, their last offer will automatically be declared as their Final Offer.
- Matching offers during progression rounds are discouraged.
Step 4: Confidentiality
- All Bidder names are kept confidential and only revealed to the Seller with the offer history when the progression rounds conclude. Bidder names and offer history is the sole possession 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 successful Bidder must complete a Purchase Contract with the Broker within two business days of acceptance; a draft of which is available on the website.
- Deposit is to be increased to 5% of sale price upon removal of conditions.
- Proposed completion date is January 10, 2025 unless otherwise agreed.
Step 6: Diligence Activity, Legal and Accounting Costs
- Property is sold “as is”. Bidders are encouraged to conduct their own diligence including appraisal for value, survey / real property or other reports.
- 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