Chauvin Stand Up Triple
Sold on October 13, 2021
from 3:00 PM to 3:00 PM UTC
Location
Chauvin, AB
Sale Size
1 Parcel, 477 ± Acres
Final
$1,630,000
3 contiguous Quarters selling as one Parcel near the Village of Chauvin, Alberta. With massive income generating SLR and the potential for significant crop rental income, this opportunity is one you will not want to miss!
3 contiguous Quarters selling as one Parcel near the Village of Chauvin, Alberta. With massive income generating SLR and the potential for significant crop rental income, this opportunity is one you will not want to miss!
Sale Details
Sale Description
Click here to view the Surface Lease Revenue.
Located just 5 miles southwest of the Village of Chauvin, Alberta, you will find ‘Chauvin Stand Up Triple.’ These three quarters of farmland are laid out in an “L” shape a mere 9 miles west of the Saskatchewan border. This area features the best of both worlds: a vibrant oilfield beneath the surface and prime agricultural land on the surface; Western Canada at its best. Just 45 miles south of Lloydminster, and 25 miles north of Provost, the area is situated well north of the more arid regions of southeastern Alberta. With an average annual rainfall of over 19 inches, the area produces big crops while offering up enormous passive income from the oilfield leases scattered across the landscape. The Village of Chauvin is home to Suzie, the Worlds Largest Softball, and ‘Chauvin Stand Up Triple’ knocks it out of the park three ways regarding passive rental income, land appreciation and overall fertility.
There is no warning track involved in this ‘Stand-Up Triple.’ At a Starting Bid of $900,000 for all 3 quarters, couple the annual SLR of approximately $50,000 with significant crop rental income, and the return on investment from ‘Chauvin Stand Up Triple’ exceeds 7% per annum. Add to that the average increase in farmland values over the past 10 years and you safely slide into double digit returns on investment with ease. Little wonder they say a ‘Stand-Up Triple’ is much rarer than a home run. With oil prices on the rise, these are producing wells with excellent longevity.
In total, there are approximately 330 acres of prime cultivated land. Do the math: at the Starting Bid, the cropland without any appreciation for SLR, is still valued at well under $3000 per acre. The existing grain bins located on the land are also included in the sale. Don’t miss the opportunity of a lifetime; land in the near vicinity has recently sold for double this amount. If you're looking to diversify, why not invest in both the future of agriculture and oil all at once?
Please Review the updated Purchase Agreement in the Parcel Details section to see the specifics of the offer.
Chauvin Stand Up Triple is being offered for sale by electronic tender by CLHbid.com. Check back for updates from time to time.
Chauvin Stand Up Triple is being offered for sale via online escalating tender by CLHbid.com. Check the website for updates from time to time. The property may be viewed by interested registered bidders. Please contact us by email at info@clhbid.com for an appointment. As a law firm, CLHbid never discloses bidder's names to any party, including the Seller. Only the successful buyer's name is ever disclosed to the Seller as part of the closing process.
Proven Results
from satisfied buyers
Frequently Asked Questions
There are existing auction platforms out there such as the ‘Iowa Auction’ that stop bidding after all individual parcels have received high bids. Then for round #2 of the auction they allow past as well as new bidders to ‘up the ante’ by bidding on the entire farm or ranch with a reserve bid set at the aggregate price just bid on all individual parcels in round #1.
After seeking input from many farmers and ranchers, most told us they didn’t feel a platform such as this was fair to bidders on individual parcels who in many cases have went to a lot of work to get pre-approved for financing etc. Farmers and ranchers also indicated they didn’t think it is fair for a large player to ‘lay in the weeds’ and not bid until after the initial round of bidding. They also told us that it would not be fair to allow a larger player to acquire the entire farm or ranch for only a few dollars more than the aggregate of the prior individual bids. Hence the rationale for the ‘premium bid’ amount for the ‘en bloc’ parcel at the conclusion of the auction.
At CLHbid.com, you as bidder only need to be high on a certain number (generally less than 50%) of parcels in order to have a chance to acquire the entire farm or ranch, whereas at national Auction firms you generally have to be high on 100% of the parcels in order acquire the entire ranch or farm.
Bidders have no knowledge of the identity of other bidders. Likewise, the Seller during the sale is not privy to who may be bidding or how many parcels someone may be ‘high on’. At CLHbid.com we set out to create a platform for the selling or leasing of agricultural land that was honest, fully transparent and offered no opportunity for bids to be shopped by the Seller. This is especially important wherein the Seller has final approval.
At CLHbid.com we have put safeguards in place in our CLHbid.com contract with our Seller to ensure the Seller deals only with the high bidder at the conclusion of bidding. During the timed auction itself, all back-end information is locked down including who is bidding or who is registered to bid. At the conclusion of the bidding, the Seller is privy only to the name of the high bidder on each parcel.
The minimum increment for bidding is set prior to each specific sale in consultation with the Seller. The increments are set having regard to the FMV of the parcel being sold with more expensive parcels generally having larger increments.
We have all been to live auctions where a quarter of land worth $500,000.00 starts at $100,000.00. The parcel is then bid up in large increments initially with the increments gradually decreasing in size as the bidding approaches the end. At CLHbid.com, given our predetermined minimum increments, we try and speed up the process by starting the bidding at what we see as a reasonable number to start serious bidding at, yet a number still below FMV.
In addition, given the ‘en bloc’ final parcel bidding option offered at CLHbid.com, we require a floor number for each individual parcel in the unlikely event a specific parcel doesn’t receive a bid, yet at the conclusion an eligible bidder wishes to bid on the entire farm or ranch. In such a case, the Starting Bid becomes the value to be used for that Parcel not receiving a bid when determining aggregate bids. It is important to note the Starting Bid is not a Reserve Bid.
PLEASE NOTE: Not all CLHbid.com sales have an ‘en bloc’. Please review the particulars of each sale for clarity.
No. The Seller waives their right to approve the sale if there is a bid on the ‘en bloc’.
This is really no different than in the tendering process wherein Tenders stipulate “any and all tenders will not necessarily be accepted”. One issue with tendering is the cost to put a tender in the paper is nominal and there is always a risk of the Seller perhaps just feeling out the market or wanting to know the names of the parties interested.
At CLHbid.com one of the paramount reasons for allowing the Seller final say is to alleviate the need for an expensive Guarantee to the auction house – expensive and seldom called upon yet often required by the Sellers bank. The Seller’s bank doesn’t require the Seller to purchase a Guarantee when using the CLHbid.com platform wherein the sale is at the Seller’s discretion.
CLHbid.com incurs significant marketing costs in the event the Seller fails to accept the high bid(s). The Seller is under contract with CLHbid.com and the contract references trigger values indicating when the right of the Seller to refuse a sale is taken away.
At CLHbid.com, our Sellers are fully invested in the process meaning the likelihood of a high bid not being accepted is extremely remote.
No. At CLHbid.com there is no advantage to waiting to bid. Our platform has a ‘refresh’ function on the clock such that any bid placed near the expiration of the timed sale will automatically re-set the clock adding additional minutes to the clock giving all parties (including the bidder that was just outbid) another opportunity to bid.
At CLHbid.com we take the human element out of the process. During the bidding process if you are high, you will receive an online notice saying you are High Bid. If you get outbid you will receive an online notice saying you were Outbid. Immediately upon expiration of the timed sale, the high bidder will receive an email indicating they were the HIGHEST BIDDER.
All emails are auto generated. The question cannot arise as to whether you were high or not or “was it shopped to someone they liked better” such as when tendering land.
No. The Starting Bid is just that. The first bid required for a Parcel is the Starting Bid and not some number above it. If you are the initial bidder and just bid the basic minimum increment your Current Bid will be the Starting Bid number.
CLHbid.com doesn’t publish the name of the high bidder. We do, however, disclose the name of the high bidder to the Seller as they are then in a contractual agreement to buy and sell. We leave it up to the high bidder and Seller to tell whomever they wish.
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