Real Estate Auction - Multiple Consignors    24JG

Real Estate Auction for Butte Motors & Farm Supply Ltd. in Picture Butte, AB

0.44± Acre lot with Retail Building, Industrial Shop, Garage and Shed in Picture Butte, AB

Auction begins in :

Sale Price

$300,000


Property Summary:
Legal Description
Plan 7810085 Block 8 Lot 6
Size
5484.68± sq ft
Property Taxes
$3,734.90 (2024)
Property ID
24JG39001-001
Municipal Address
134 Crescent Ave. N.
Municipality
Picture Butte, AB
Title
Fee Simple
Land Use Zoning
C2
Deposit
$50,000
Possession
Nov 1, 2024
Closing
Oct 31, 2024

Supporting Documents:
Floorplan Metric Measurements (PDF)Floorplan Imperial Measurements (PDF)Phase 1 Report (PDF)LIND Property Line (PDF)
Property Detail:

Property Type

Commercial

Building Style

2 Storey

Floor Space

1930 sq ft

Built In

2018

Parking

Front Drive Access, Off Street, Over Sized


Property Influences

  • Commercial
  • Lake View
  • Low Maintenance Landscape
  • Public Transportation
  • Shopping Nearby
  • Street Lighting

Property Structures

  • Shop
  • 2-storey Building
  • Garage
  • Storage Shed

Property Notes

Phase 1 environmental is complete and document is attached. Seller discloses that there was a lease in place for. 0.2± acres of land behind the property from LNID. This former lease has expired, and the future of this lease is currently under review by LNID. For property line please see attached document. **ALL STORE INVENTORY, EQUIPMENT & SEA CANS WILL BE SOLD BY TEAM AUCTIONS IN A SEPERATE DISPERSAL SALE ON Oct 8-11. SALE ID CODE FOR THE DISPERSAL SALE IS 24JH**

Additional Property Info

NEW SHOP

  • Built in 2018
  • 2 story wood frame structure on concrete foundation
  • 1930 sq ft above grade
  • Main floor open, retail space with finished drywall and commercial vinyl flooring
  • Second floor, open concept with exposed wood flooring
  • 200-amp electrical service
  • Forced air furnace
  • Exterior air conditioner

INDUSTRIAL SHOP

  • Built in 1980's
  • 40 ft x 48 ft = 1920 sq ft
  • 1 large folding overhead door
  • Steel structure, on concrete foundation
  • 1-pc bathroom
  • Fully insulated with 10 ft gyproc wainscot
  • Steel mezzanine (added 2018)
  • 200-amp electrical service
  • Gas fired overhead radiant heat
  • On-demand hot water tank

ATTACHED GARAGE

  • Built in 1980's
  • Gross area is 1265 sq ft
  • Wood frame
  • Metal exterior cladding
  • On 10 ft overhead door with chain hoist
  • Power only

TIRE STORAGE

  • Small wood frame enclosure
  • 264 sq ft
  • Interior height is 7.5 ft No power or utilities

Location

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

Nov 01, 2024

Deposit

$50,000 bank draft or approved payment payable to GulikerVis Real Estate Group due from successful bidder upon close of bidding / signing of purchase contract. Cash and virtual currency will not be accepted.

Conditions

Seller discloses that there was a lease in place for .2 acres of land behind the property from LNID. This former lease has expired, and the future of this lease is currently under review by LNID.

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.

Get in Touch

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

Listing Agent

GulikerVis Real Estate Group

John Guliker

403-330-4864

john@gulikervis.ca

For more information about the auction process
please contact us.

Team Auctions Contact

Real Estate Division

Office

587-464-2125

rod@teamauctions.com


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