Three-Point Hitch - Sexsmith, ABView Parcels for Auction
Three-Point Hitch - Sexsmith, AB Sold - AB
Sold on February 4, 2021
Opportunity for investors, farmers or those wanting to move out of the city. 3 quarters, being sold in separate Parcels, just 5 miles east of Sexsmith, Alberta. Low Starting Bids and generous SLR on each quarter to help with the payments! See Parcel Details for the Starting Bids.
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CLHbid.com is offering up for sale a new model of the celebrated three-point hitch coming in February, 2021. Three quarter-sections of land just five miles east of the town of Sexsmith, Alberta. Whether you're an investor, farmer or City dweller looking to move to the Country, backing up to hook to these three quarters will put a permanent smile on your face.
When you combine current historically low-interest rates with the momentous Surface Lease Revenue on each of the quarters, this hitch offers up an opportunity to purchase farmland near an urban centre for almost unheard-of prices. The SLR alone will potentially service the interest component on over half the purchase price, with the interest rate on the remaining portion at half the average long-term interest rates. Do the math, and net financing cost could be 25% of comparable land sales having no SLR financed at higher historical rates.
Do you say it cannot get better? It can! Starting Bids on these three quarters are all significantly below what land nearby has sold for in recent years. Buy one of these Parcels for little more than what a large estate lot near an urban centre may sell for. If you’re that person looking to move your family out of the City, your morning drive to work in the Clairmont Industrial area or to the north side of Grande Prairie is merely a few minutes. Take advantage of the state-of-art-schooling and recreational facilities in Sexsmith.
Parcel 1, 2 and 3 are approximately 135, 146 and 126 acres respectively. Each quarter is that solid hook only minutes from a large urban centre which, at the end of the day, means deep-rooted demand if you ever wish to sell.
The 3 parcels will be sold using the CLHbid.com 'en bloc' platform such that at the end of the sale, if you meet specific requirements to bid 'en bloc', you may potentially purchase all 3 parcels.
See below for information on the proposed new subdivision plan for Parcel 1.
Please review the Purchase Agreement in the Parcel Details section to see the specifics of the offer.
‘Three-Point Hitch’ will be offered for sale by online electronic tender by CLHbid.com. Check the website for updates from time to time.
Parcel 1 Proposed Subdivision Plan: Click to view
En Bloc Details: Click to view