RE/MAX Lloydminster

We are pleased to present the following land located approximately eighteen miles northeast of Maidstone in the RM of Eldon for sale:

SE 18-50-22-W3:  ISC 159.9 titled acres. Soil Final Rating range is 68, primarily Waseca loam. SAMA profile designates 103 cultivated acres, with the balance yardsite, pasture and wetlands. Current tenant reports 110 seeded acres in 2024. The number of productive acres may change from year to year due to regional climatic conditions or agronomic practice. There appears to be an opportunity for additional acres to be brought into production if the bush was cleared.

2024 SAMA assessment is $264,000. 2024 property taxes are $641.25. 2024 crop is Canola. Vendor reports annual surface lease revenue of $11,550 from four Baytex sites. The yardsite has power, water, and telephone along with an older residential structure and outbuildings of no assigned value. Property is sold in “as is” condition.

https://www.google.com/maps/place/53%C2%B018'38.8%22N+109%C2%B012'19.0%22W/@53.310768,-109.205271,83207m/data=!3m1!1e3!4m4!3m3!8m2!3d53.310768!4d-109.205271?entry=ttu

Access is four miles east of Highway 21 North on Township Rd 502 to Range Road 3225.

Initial offers must be submitted by Noon MST, Tuesday October 22, 2024.  For additional details or inquiries, contact Grant or Vern with The McClelland Group, RE/MAX of Lloydminster, (780) 808-2700 or email grant.m@progressivetender.com 

Progressive Tender Steps:

Step 1: Submit Bid Document

• Download the Bid Document from the www.schwartztender.ca website, pick up a copy at the RE/MAX office, or ask for one to be emailed to you.
• Fill out the required details. Buyers must be GST registrants and provide a GST number at completion.
• Obtain a bank draft or certified cheque for $10,000.00 made payable to "RE/MAX of Lloydminster in Trust."
• Place both items in a sealed envelope and label it “Schwartz Tender."
• Deliver the envelope to RE/MAX of Lloydminster at 5726 –44th Street, Lloydminster, AB T9V 0B6 by Noon MST, Tuesday October 22, 2024. Attention: McClelland Group.

Step 2: Round Table Activity

• After the initial offers are opened, the Broker will contact each Bidder and inform them of the amount of the highest bid. Bidders will have until noon the following business day to submit a revised offer by phone, email, or text if they wish.

Step 3: Final Offer

• This "round table" process continues for each parcel daily until every Bidder declares their Final Offer.
• If a Bidder doesn’t respond within the time limit or increase their bid by a minimum amount of 2% over the previous round's highest offer, their last bid will automatically be declared as their Final Offer. 
• Matching bids during progression rounds are discouraged.

Step 4: Confidentiality 

• All Bidder names are kept confidential and only revealed to the Seller with the bid history when the progression rounds conclude. Bidder names and bid history are the sole possession of the Seller.

Step 5: Finalizing Purchase

• The Seller reserves the right to reject any or all offers, engage in further negotiations on price or terms, and may award the sale of the subject property to the buyer of their choice.
• The successful Bidder must complete a Purchase Contract with the Broker within two business days of acceptance; a draft of which is available on the website.
• Deposit is to be increased to 5% of sale price upon removal of conditions.
• Proposed completion date is November 22, 2024 unless otherwise agreed.

Step 6: Diligence Activity, Legal and Accounting Costs

• Property is sold “as is”. Bidders are encouraged to conduct their own diligence including appraisal for value, survey / real property or other reports.
• Each party is responsible for their own legal and accounting costs. There is no buyer transaction fee.

Step 7: Notification

• All Bidders will be notified about the outcome once a Purchase Contract is completed between the successful Buyer and Seller. Deposits from unsuccessful Bidders will be released in a timely manner by the Broker once the Purchase Contract is in place.

The McClelland Group, Agricultural and Commercial Specialists with RE/MAX of Lloydminster, offers a full range of consulting services, land valuation, leasing, and real estate marketing to clients across Alberta and Saskatchewan. Call us today and start the conversation!

Grant McClelland – Direct (780) 871-4221 Email: grant.m@progressivetender.com

Vern McClelland - Direct (306) 821-0611 Email: vernmcclelland@remax.net