Barrhead Big LiftView Parcels for Auction
Barrhead Big Lift For Sale - AB
Selling on Wednesday, September 7, 2022 at 9:00 AM MDT
This half-section of land is located less than 5 miles northwest of Barrhead, AB, and offers the new owner unlimited opportunities. With approximately 200 acres of cultivated land, an existing farmstead and excellent access, this one needs to be seen to be believed. Starting Bid: $450,000.
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Your imagination is the only limiting factor when converting this half section into numerous zeros in your bank account. If you like to think out of the box, this could be the buy of the decade in the County of Barrhead. ‘Barrhead Big Lift’ boasts approximately two hundred acres of cultivated land, with an established farmstead and a Starting Bid of $2,250 per cultivated acre, with the opportunity to bring additional acres under cultivation. No need to pay for these acres, however, as ‘Barrhead Big Lift’ offers up the chance for a massive lift in value within a matter of years for any buyer looking past the current issues. The existing farm tenant has the right to continue to lease the farmland post-closing for the 2023 crop year. The current rent is $7,000 a year, which is below the current market rent in the area, and the 2023 lease payment will go to the buyer. After sitting out one year, the new owner can crop ‘Barrhead Big Lift’ in 2024, and subsequent years. The mature farmstead, outbuildings and house need repair and cleaning, and according to the Court Ordered sale, the residence will be unoccupied at the time of Closing. At current prices for salvage steel, do the math and it may just pay for a good part of the cleanup.
The farmstead is tucked perfectly into a mature windbreak to the west, which means you will never have to worry about those windy Alberta summer days again. The choice is yours: build from scratch on a new site in an open field and hoe, water and weed for forty years or click the mouse on sale day and be at that same point with forty years to spare. The farmhouse was stick built in 1969. If you're a farmer looking to bring other cultivated land into your existing operation, investigate subdividing the farmstead off after closing and use the proceeds to pay down a good portion of your purchase price.
Lastly, as your wife likely noticed as you drove in to view the half-section, the thirty-four acres north of Township Road 601A offers a perfect layout for horse paddocks or an equestrian area. This honest half section of land will promise not to drop 10 per cent in value in one day like cryptocurrency. Land: they quite simply don't make it anymore.
As this sale is pursuant to a Court of Queen Bench Order, the sale will be approved by the Court following conclusion of the tendering. Deposit monies will be held in trust for the Purchaser pending approval by the Court which will take some time. No monies will be released until the sale has been approved and vacant possession is granted for the farmstead. Terms of sale can be found in the posted Offer to Purchase.
‘Barrhead Big Lift’ is being offered for sale via online electronic tender by CLHbid.com. Check the website for updates from time to time.