Unreserved Timed Real Estate Auction for Flathead Valley Landscape Rocks Inc. 22HH
Rock Quarry
Auction begins in :
Introducing Kishenana Mine, in southwest British Columbia. This outside, rock quarry is located along regular forest service roads and takes approximately 3 hours to reach from downtown Fernie, BC.
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Property Summary:
- Property ID
- 22HH02001-001
- Municipality
- Fernie, BC
Property Detail:
Additional Property Info
- You are bidding on the mineral rights to a 190.50 hectare site of which there are 4 designated extraction areas, all close together near Kishenena Creek.
- There is one blue gray slate quarry, allowing easy extraction of 1-2 inch thick pieces, which is preferred by landscape supply stores. You may extract 1,600 tonnes per year.
- The second quarry is a river rock resource which is in the ground. The rock can be extracted but must be washed due to soil mix, this is a less likely resource but landscape supply stores have advised that if the rock /gravel pieces could be larger than usual, they would be interested. It has not yet been mined, you would need to wash and screen it. Maximum extraction allowed is 2,000 tonnes per year.
- The campsite, located near the river rock has a trailer that sleeps four and is included in the sale price. Approximate value of the trailer is $8,000. The excavator on site is available for purchase , if needed, at a price of $30,000. Buyer will need a forklift to move the rocks onto palettes. The transport truck (b train) can easily access site for pickup. You will need a banding machine to wrap the palettes and a scale. Also recommended is to wrap them.
- The red rock is broken into two extraction sites, due to Kishenana Creek running between. A bridge easily allows you to access both. The red rock is actually argillite and is a very large deposit, as is the slate deposit. The argillite is QUITE desirable to landscape supply stores, there is nothing like it in BC. You may extract 2,000 tonnes from each site for a total of 4,000 tonnes per year. You are also advised to remove in 1-2 inch think pieces, approx. 4 foot square for ready use by landscape suppliers. The argillite has a very unique pattern and comes in also a green, the variety of colours is also attractive to buyers due to the uniqueness.
- Due to weather, you will have from mid June to mid September to do your work at the mine. Landscape suppliers prefer to buy earlier in the year so important to have your buyers lined up. There is no cell coverage, you will need a satellite phone for the crew. For efficiency crew size would be 3-5 people.
- Lease cost is $3800 per year, plus $250 mine inspection fee. The lease expires on March 22, 2032 and can be renewed, if government allows. The permit is $1500 per year and is renewed every 5 years. It is currently under renewal application and awaiting approval.
- Seller and engineer can be available for paid consultation if you are new to the business, they have reached age where they no longer want to manage. This is a great opportunity to get into this industry with a product in demand.
- Call Jason Upton with any questions at 604 657 1111
Legal
Note to Bidders
- When registering to bid you will be required to have a Letter of Confirmation of Funds from your bank. Letter of Confirmation must be on Bank Letterhead with your name & or company name & amount of funds you have access to that you wish to spend up to. This letter of confirmation will have to be emailed to TEAM Auctions.
- Internet Bidding Fees: 10% up to a max of $5,000 per item.
- If you are the successful bidder, to meet the obligations set by the federal government, you will be asked to verify your identification. You will also need to provide us with your lawyer info to complete the real estate transaction.
- Bidders must satisfy themselves as to the exact current acres, property lines and fence locations, building sizes, taxes and assessments, zoning and permitted uses & surface lease revenue details. Property titles are available upon request. The information provided is a guide only.
Partial Terms and Conditions
Unreserved and Reserved:
Some Real Estate may have reserved minimum bids. The Auctioneer, at its sole discretion has the right to or/not to advertise and/or notify the buyer as to whether the goods/and or Real Estate being offered in this auction are:
- UNRESERVED: Meaning the seller has agreed to accept the highest bid regardless of price. In this case any items and/or livestock and/or Real Estate offered will sell to the highest bidder regardless of price.
- RESERVED: Meaning the seller has set a minimum price that must be met in order for the Real Estate to be deemed "sold" to the buyer. This minimum "Reserved" price may be indicated to the buyer as a "Reserve Price", "Starting Bid" or as "Subject to Owners Approval" or "not indicated or advertised in any way".
The seller and/or the auctioneer acting as the sellers agent may at any time:
- remove the "Reserve Price" or “Starting Bid” at any time and deem this auction " Unreserved"
- accept any bid, within 2 business days of the auction closing, that is lower than the "Reserve Bid"
- counter offer; any buyer within 2 (two) business days of the closing of the auction.
Your bid as a buyer will be recorded and will remain binding and in affect 2 (two) business days after such time the auction is closed.
You the buyer acknowledges and agree that bidding at this auction is the legal equivalent of a firm commitment and irrevocable offer to purchase, unless otherwise prohibited by law or otherwise noted in these buyer terms. Once you have placed a bid and the bid is accepted by the auctioneer you are obligated to complete the transaction.
- AGENT OF THE SELLER: Real Estate Brokerage acts only as agent of the seller and not as agent of the Buyer. They will provide prospective buyers with all facts known to the agent that will or may affect the marketability or value of the property.
- NO WARRANTY: The Buyer shall accept the Property as-is where-is and specifically agrees that neither the Seller, Auctioneer or Realtor makes any representations or warranties of any kind as to the condition or fitness of the Property, environmental or otherwise, or any improvements thereon.
- It is the RESPONSIBILITY OF ALL BIDDERS to review all information provided, including “Property Information Package” from the Real Estate Brokerage and the terms of this auction. All information provided is meant as a guide only. Bidders shall have satisfied themselves as to the descriptions, location and condition of the property prior to bidding. If clarification is required, it is the bidder’s responsibility to obtain clarification from Real Estate Brokerage prior to bidding.
- GST: Bid price does not include any applicable GST unless announced otherwise by auctioneer.
- DEPOSIT: Immediately at the close of bidding the successful bidder will make a NON REFUNDABLE deposit payable to the real estate brokerage (as listed in the Property Information Package) in the form of a bank draft or other approved payment. Amount is listed in Property Info Package/or as announced by auctioneer.
- PURCHASE CONTRACT: The Real Estate Purchase Contract that applies to each property will be available for inspection prior to the auction. Title(s) will be clear of encumbrances except those which are to remain on the title. All bidders agree that, should their bid be accepted, they will complete and be bound by the terms of the purchase contract. Buyer will pay the balance of the purchase price to their lawyer on or before Completion Day. Possession will be in accordance with the terms of the Purchase Contracts. Note: These contracts will not be subject to any buyer’s conditions.
**TEAM SEKURA AUCTION MAIN SALE TERMS ALSO APPLY.