Unreserved Online Timed Real Estate Auction - Various Consignors    23DI

303± Acres Deeded Land & 320± Acres Grazing Lease

Selling as One Package!
302.63 Deeded Acres & Adjoining 319.93 Acres of Long Term Grazing Lease

Auction begins in :

Image Gallery

View All Images (10)

Property Summary:

Supporting Documents:

Property Detail:

Services

Location

Directions:

From Niton Junction at intersection of Hwy 16 (Yellowhead Hwy) and RGE RD 130, go east on Hwy 16 1.6 km to RGE RD 125. Turn Right (south) onto RGE RD 125 & continue 5.3 km to TWP Rd 532. Turn left (east) onto TWP Rd 532 & go 1.6 km to RGE RD 124. Turn right onto RGE RD124 and go 1.6 km to TWP Rd 530A (531) Turn right & continue 0.35 km to approach on your left.
This is the only access to the properties.

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.

Highlights of Purchase Contract

Completion Day

May 15, 2023 To ensure that the NE & SE 5-53-12-W5 closes in timely manner, the seller agrees to contribute up to $500.00 towards a title insurance policy. Seller is willing to close earlier if buyer is able to.

Deposit

$40,000 bank draft or approved payment payable to Moores Realty Ltd. due from successful bidder upon close of bidding / signing of purchase contract. Cash and virtual currency will not be accepted.

Additional Terms

• The Property sells as-is with no warranties of any kind whatsoever & 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.
• The Seller has the legal right to sell the property.
• The Seller is not a non-resident of Canada for purposes of Income Tax Act (Canada)
• A Real Property Report will not be provided.
• The water well located on NE5-53-12-W5 supplies the acreage that is subdivided out of NE5-53-12-W5. The power to this water well is supplied from the acreage. Both buyer and seller agree that this will remain as-is until October 31, 2023 at which time the Buyer, at Buyer’s expense, can disconnect the water well from the acreage and the Seller, at Seller’s expense, can disconnect the power from the water well.
• The Seller has until May 31, 2023 to remove any & all equipment, the cabin and light plant from the land. The Buyer and Seller agree that any items left after May 31,2023 become the sole responsibility of the buyer.
• The boundary fences may or may not be on property boundaries and may be in need of repair.
• Buyer is aware the subdivided acreage is not fully fenced and that the Seller will complete the acreage perimeter fence by May 31, 2023 at Seller’s expense.
• To ensure that the NE & SE 5-53-12-W5 closes in timely manner, the seller agrees to contribute up to $500.00 towards a title insurance policy. Possession May 15, 2023 - Seller is willing to close earlier if buyer is able to.
• Assignment of Grazing Lease to Buyer may take one year +/- to complete. Buyer cannot put livestock onto lease until assignment is complete but if all assignment paperwork & fees are submitted and lease is in good standing the Assignor may request approval from the department to allow the assignee to graze the lease with assignee’s livestock. New leaseholders must be Canadian citizens over 18 years and must use the land to graze their own cattle or horses. They cannot re-assign the lease to another party for at least 3 years.
• Surface Lease revenue annual payments for New North Resources Ltd surface lease have not been paid in several years. Payment of delinquent payments due prior to closing are to be paid to the Seller.

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:

1. 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.
2. 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.

3. 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.
4. 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.
5. 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.
6. GST: Bid price does not include any applicable GST unless announced otherwise by auctioneer.
7. 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.
8. 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.