Prime 80 Acre Farm!
SOLD!SOLD!SOLD!-80 ACRE PRIME FARM LAND AUCTION-855 Moore Line, St. Clair(Mooretown), On.
· 80 +- TOTAL ACRES, FLAT TO GENTLY UNDULATING
· 78 ACRES +- BEING WORKED
· ** GAS STORAGE ** ENBRIDGE LEASE OF $10,118.80 (SEE UNDER DOCUMENTS)
· LAND RENT INCOME $12,705.00 (SEE UNDER DOCUMENTS)
· CROP NOT BEING SOLD WITH FARM
· TENANT FARMER WILL HAVE ACCESS TO PROPERTY TO HARVEST CROPS. LEFT IN STUBBLE.
· RANDOMLY TILED, CLAY
· MUNICIPAL WATER AT ROAD
· NATURAL GAS AT ROAD
· TAXES ARE $3621.82 FOR 2023
· APPLICABLE TO HST
· HOME IS UNINHABITABLE AND WILL NOT OPEN TO VIEWING
· NO BUSH
· CLOSING IN 30 DAYS NEGOTIABLE
· ACCESS TO FARMLAND PRIOR TO CLOSING IS NEGOTIABLE
· LEGAL DESCRIPTION: PT LT 22 CON 6 MOORE AS IN MO30865 & L189857; S/T L223447, L704023, L704024; ST. CLAIR
80 ACRE PRIME FARM LAND
ONLINE ONLY AUCTION
Selling for the BOOTHE FAMILY at 855 Moore Line, St. Clair (Mooretown) ON N0N 1M0.
STARTS CLOSING TUESDAY, OCTOBER 29TH AT 6:00PM
FEATURING
- 80 acres +/- with 78 acres being workable randomly tiled
- Gas storage – Embridge Lease of $10,118.80
- Municipal water & natural gas at the road
LEGAL DESCRIPTION: PT LT 22, CON 6 MOORE as in M030865 & L189857; S/T L223447, L704023, L704024; St. Clair.
TERMS: Down payment of $60,000.00 will be required from the successful bidder upon acceptance and at signing due at time of sale with the balance due in 30 days (negotiable). 3% buyer’s premium. Selling subject to owners approval.*Please See TERMS Icon for Full Terms and Conditions*
VIEWING: Feel free to walk the farm at any time, please be respectful of crops and property.
FOR INFO CALL: John VanKlaveren 519-331-1095
THIS FARM HAS BEEN IN THE BOOTHE FAMILY SINCE 1953, AN EXCELLENT OPPORTUNITY TO PURCHASE HIGHLY PRODUCTIVE FARM LAND.
Auction Terms & Conditions:
1. TO BID: A bidder must register on our website complete with all contact details and credit card. No Fees to register.
2. There is a $250,000.00 opening bid.
3. Highest Bid is Subject to Sellers Approval.
4. The Standard Agreement of Purchase and Sale will be completed and signing done at Buyers Location or Docusign (Online Signature) following Auction Close on Tuesday, October 29th/24.
5. Upon being declared SOLD the purchaser will tender their deposit, an irrevocable (non-refundable) deposit of $60,000.00 will be required from the successful bidder upon acceptance and at signing. This amount needs to be in Certified Cheque or Bank Draft to J. Thomas McGregor Professional Corporation In Trust. The funds must be in the account upon which the cheque is written at the time it is written.
6. Closing will be in 30 days negotiable.
7. No conditions may be added to the agreement by the purchaser either at the Auction or otherwise.
8. Access to property for farming purposes prior to closing maybe negotiable
9. This is an Online Only Auction with www.shackbid.com. Please register in good time before the event to insure a smooth bidding experience. "SOFT CLOSE" is in effect ( A soft close prevents individuals from entering a bid at the very last second before an auction closes with the intent to prevent others from bidding higher.) www.shackbid.com has a 2-minute soft close policy on this lot.
PROCEDURES & TERMS:
1. All bidders participating in this Auction agree that they have read and fully understand these terms and agree to be bound thereby. These terms are in addition to any other posted information if any.
2. Registration for the Real Estate Auction will be online only at www.shackbid.com. Anyone interested in bidding must register. There is no charge for registering.
3. Auctioneers reserve the right to reject any or all bids and reserves the right to bid on behalf of an absentee bidder.
4. Buyers Premium: There is a 3% Buyers Premium on this property, plus HST.
5. Agency: Buyer acknowledges that the Auctioneer represents the seller.
6. Closing Costs: Purchaser will incur standard closing costs as would be the case through any Purchase of Real Estate in the Province of Ontario.
7. HST: If the sale of the Real Property as described is subject to Harmonized Sales Tax (HST), then such tax shall be in addition to the Purchase Price. * BE AWARE of how HST is applicable to farmland and the steps required to have it waived*
8. Highest Bid is Subject to Sellers Approval
9. Bidding Notice! This is an internet Only Auction. All bidding activity is open and will take place Online. Bidding increments are set to $1000.00. It is possible to type in a higher bid and the system will keep you in up to your maximum amount. This auction is subject to a 2 minute "Soft Close", meaning that if a bid is received in the last 2 minutes an additional 2 minutes is added to the clock. It will close when there is 5 minutes of inactivity.
St. Clair(Mooretown), Ontario N0N 1M0
Canada