Correction Line Bounty - LaGlace, AB

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Correction Line Bounty - LaGlace, AB Parcel

Correction Line Bounty - LaGlace, AB Sold - AB

Sold on July 25, 2019

The SE-5-75-8-W6 is located on the correction line, five and one-half miles north, north-west of LaGlace, Alberta. In total, the parcel is over 128 acres in size. The soil is highly fertile situated on a lower plateau below the Saddle Hills in an area known for generally good precipitation. If you’re that investor looking to buy agriculture land to take advantage of historical appreciation approaching ten percent, this quarter knocks it out of the park.

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Description

The SE-5-75-8-W6 is located on the correction line, five and one-half miles north, north-west of LaGlace, Alberta.  In total, the parcel is over 128 acres in size. The soil is highly fertile situated on a lower plateau below the Saddle Hills in an area known for generally good precipitation. If you’re that investor looking to buy agriculture land to take advantage of historical appreciation approaching ten percent, this quarter knocks it out of the park. The ball is landing several rows back in the parking lot. While the land appreciates in value, a buyer will realise significant annual revenue from both Surface Lease Revenue and Right of Way access revenue to the massive pond situated close to the correction line. The Surface Lease Revenue is fixed for five year periods. The Right of Way access revenue varies year to year and depending on the year can offer a huge return on investment for this property.

Local farmers will know the quarter based upon the bumper crops it has produced over the years. Well-drained means less drowned out spots for canola and peas. The LaGlace area has been well known for over one hundred years as one of the most productive farming areas in Alberta, and this parcel is no exception. The revenue from this quarter continues to work for you twenty-four seven.

The owner has sold the modular home on the 12.92 acre acreage adjacent to the north boundary and the modular is to be removed by October 1, 2019.  The acreage is fully serviced with power, water and septic with SLR of $800.00.   Owner agrees to grant the high bidder a 15 day option to acquire the acreage with the same closing date as the quarter for the sum of $100,000.00 if the high bidder wishes to acquire the same.

The Correction Line Bounty will be offered for sale by CLHbid.com utilizing electronic tender. Please check the website for details from time to time.

The annual surface lease revenue is $3,400.00

 

 

 

Bidding ended on July 25, 2019

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