Unreserved Online Timed Real Estate Auction - Various Consignors    23BE

Retail Building on 50th St - Edson

3250 sq ft lot with 2120± sq ft commercial retail building

Auction begins in :


Bidding Opens:

9 AM Sat

Feb 25, 2023

Bids Start Closing:

9 AM Tue

Feb 28, 2023


Register To Bid Online

If you have trouble registering or bidding online, please contact our office at 780-542-4337
For more information about the property please call Moores Agri-Trade Ltd. at 780-696-2249

By the Numbers

2120

Sq Ft Building

3250

Sq Ft Lot

25

Ft Street Front


206 50 St Edson, AB 3250 sq ft lot with 2120± sq ft commercial retail bldg. 25 foot of Street frontage on 50 Street

Property Summary:
Legal Description
Plan 1494AC Block 7 Lot 3
Land Size
±3250 sq ft
Property Taxes
$3,504.71 (2022)
Property ID
23BE10001-001
Municipal Address
206 50 St
Municipality
Edson, AB
Postal Code
T7E 1G1
Title
Freehold
Land Use Zoning
C-1
Deposit
$10,000
Possession
Mar 31, 2023

Supporting Documents:
Property Information Package (PDF)
Property Detail:

Property Type

Commercial

Building Type

Store Front

Floor Space

2120 sq ft

Built In

1979


Goods Included

any items on/in property

Additional Property Info

RETAIL BUILDING

  • 2120.35+/- sq ft building
  • large front retail area with 2 fitting rooms
  • back work area with cupboard & sink, 2 piece bathroom, 2 storage areas,
  • back door entry from back parking area
  • low ceiling mezzanine storage area above this back area
  • water staining on some ceiling tiles

LOT SIZE

  • 3250 sq ft (25 foot x 130 foot)

LOCATION

  • located on west side of 50 St in Edson business area

ZONING

  • zoned C1 Retail Commercial
Services

Services Notes

All Services have been disconnected. Buyer is responsible for connection fees

Location

Directions:

Located in Edson on west side of 50th Street just north of 2nd Ave

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.
Highlights of Purchase Contract
Completion DayMarch 31, 2023 Seller paying up to maximum of $250 towards Title Insurance Policy to ensure that closing is March 31, 2023
Deposit$10,000 bank draft or approved payment payable to Moores Agri-Trade Ltd. due from successful bidder upon close of bidding / signing of purchase contract. Cash and virtual currency will not be accepted.
ConditionsThere are NO conditions. Buyer must know that their financing is in place prior to bidding and 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.
Additional Terms
  • The property sells as is with no warranties of any kind whatsoever as to the conditions or fitness of the Property, environmental or otherwise.
  • No Real Property Report will be provided.
  • Seller paying up to maximum of $250 towards Title Insurance Policy to ensure that closing is March 31, 2023
Partial Terms and Conditions
  1. UNRESERVED: The seller has agreed to accept the highest bid regardless of price. Property will sell to the highest bidder without minimum or reserve.
  2. 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.
  3. 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.
  4. 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.
  5. GST: Bid price does not include any applicable GST unless announced otherwise by auctioneer.
  6. 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.
  7. 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.

Get in Touch

For more information about the property
please contact the listing agent.

Listing Agent

Moores Agri-Trade Ltd.

Cathy or Trent

780-696-2249

For more information about the auction process
please contact us.

Team Auctions Contact

Rod McLennan

587-998-2095

rod@teamauctions.com


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