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Selling Online July 6, 2022 - 2 Quarters - Milo, Ab

For Sale: Land in Milo, AB

Listing Details

Permitted uses:

• Agricultural

Description

Silos at Milo- 2 Quarters For Sale- Milo, AB Selling Online Wednesday, July 6, 2022 at 9:00am MDT The Price listed is the Starting Bid for Parcel 2. See Website for Starting Bids for each Parcel: https://www.clhbid.com/auctions/SilosAtMilo Midway between the major centres of High River and Brooks, Alberta, you will find three hundred and twenty acres of expansive farmland ready to go to work for its new owner. ‘Silos at Milo’ is a half section of land that offers up four distinct silos regarding returns on future investment. Recurring annual option payments from a possible solar park, significant surface lease revenue from well sites, and lease payments from crop rent continuously auger into three distinct silos, with ongoing annual appreciation in value for farmland in Western Canada filling the fourth. Could it get any better? No one knows better than local farmers how soil quality can vary within a Township, Section or even a Quarter Section; expensive inputs cost the same per acre whether applied to good land or marginal land. Potential buyers will note that ‘Silos at Milo’ sits on Class 3 soil under the provincial land classification, with Class 5 ground only a short distance away to both the east and west. The soil quality for both Parcels is as good as it gets in the area. PARCEL 1 has the added benefit of having been in grass until first cropped in 2021. The land has experienced good husbandry in the past and is ready to work 24/7 for its new owner. Each Parcel receives an annual option payment of $1,000.00 relating to a potential lease for a solar farm. The option expires on December 1st, 2023, unless it is terminated earlier. The high bidder of either Parcel will be allowed the opportunity to terminate the option for both Parcels before closing if they wish. If the option remains and is exercised, the solar farm lease revenue would be $400.00 per acre on a minimum of 160 acres over the two Parcels. In addition to the option payment, Surface Lease Revenue on both Parcels is over $9,000.00 per annum. Investors looking to inflation-proof themselves in today's world economy will no doubt like what they see on the calculator when doing their due diligence for ‘Silos at Milo.’ Whether you’re a farmer looking to expand or an investor looking for significant passive income while diversifying your portfolio, ‘Silos at Milo’ will not disappoint. ‘Silos at Milo’ is being offered for sale via electronic tender by CLHbid.com. Please check the website for updates from time to time.

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Location & nearby

This listing is located in Milo, AB T0L 1L0