Vermilion 240

Sold on February 24, 2021
from 4:00 PM to 4:00 PM UTC

Location
Vermilion, AB
Sale Size
2 Parcels
Final
$275K - $510K

Two distinct parcels selling south of Vermilion, AB. Fertile soil with option for more cultivation. Parcel 1 includes substantial annual Surface Lease Revenue. See Parcel Details for the Starting Bids.

Available Parcels

Map of Vermilion 240
Parcel Name Parcel 1Parcel Size 160 ± AcresFinal $510,000View Details & Offer
Parcel Name Parcel 2Parcel Size 79 ± AcresFinal $275,000View Details & Offer

Sale Description

[https://clhbidstorage.blob.core.windows.net/documents/Auctions/495a9e46-4290-436c-bdc7-08d884d13f13/TinyMCEPictures/3a73e5f7-551b-45fb-b490-bb7c0d23bf5c.jpg]Take a heading of 240 degrees from the Vermilion airport, and you will find ‘The Vermilion 240’ six miles to the south west.  Two unique properties that are looking for new owners, after years of being rented out.   

Parcel 1 is a full quarter just two miles west of the illustrious Buffalo Trail, the major north-south Highway that leads to the 49th parallel, and only three and a half miles south of major Highway 16.  The quarter could see brushing and drainage work if the new owner is looking to expand the approximate 105 acres currently cultivated.  Highly productive, fenced land capable of producing big crops just as the County of Vermilion River did in 2020.  The substantial Surface Lease Revenue, coupled with the low Starting Bid on this quarter, sets it up for that buy that will be talked about for years in the local coffee shop.  The SLR alone will cover the debt service on a sizable portion of the purchase price.  

[https://clhbidstorage.blob.core.windows.net/documents/Auctions/495a9e46-4290-436c-bdc7-08d884d13f13/TinyMCEPictures/d5a9d46c-95d4-40a4-bb81-2e9eb078bf43.jpg]Parcel 2 is just one and one-quarter miles off the Buffalo Trail.  This parcel has approximately 70 arable acres, and more could be brought under cultivation.  In total, 80 acres only 5 miles from the Town of Vermilion.  The perfect parcel to build on and enjoy country living with all the amenities of a large urban centre close by.  The parcel is well-drained and fenced.  Perfect whether you are looking for a large rural estate, pasture or hay land, or additional cropland.  At a Starting Bid of just over two thousand an acre, this parcel is priced to start at the sound of the horn on sale day.  

‘The Vermilion 240’ is close enough to the Town of Vermilion to view the Great Vermilion Fire of 1918 burning through the April night.  The 240 acres has history and is looking for new owners to make more.  In total, 240 acres of very fertile farmland. 

Please review the Purchase Agreement in the Parcel Details section to see the specifics of the offer.

‘The Vermilion 240’ will be offered for sale by online electronic tender by CLHbid.com.  Check the website for updates from time to time.

SLR Details:  Parcel 1


Vermilion 240 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.

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