Great Opportunity To Land Bank A Large Parcel Of Prime Agriculture Land And Have A Great Income Streams Attached To The Property. Property Has Lease With Largely Known Canadian Gravel & Cement Company. This Rare And Unique Offering Consist Of 78.84 Acres 73 Workable With 5.8 Acres of Ever Green Trees. Multiple Income Streams Are Attached To This Property. A Minimum Base Rent Until Extraction Commences Then Converts To Price Per Tonnage. Land Rent Paid By Farmer, A Tipping Fee Also As Material Is Brought Back To Property For Rehabilitation Purpose. Yearly Property Taxes Are Also Covered By Tenant
Extras
Lease Commenced In 2023 and Runs Until 2044. This Property Is Currently Attached To A Former Gravel Quarry And Extraction Approvals are Currently In Place. Rehabilitation Is Mandatory And Company Has A History Of Completing Past Sites
Pt L30 C8 Erin As In R0676309 Except 14 Pt1 61R445
Occupancy
Vacant
Possession Date
TBA
Taxes (2023)
$13,333
Tax Type
Annual
Directions/Cross Streets
Erin Garafraxa Townline
Neighbourhood
Rural Erin
Area
Wellington
Price History
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Detailed Information
Lot Irregularities
78.87 Acres
Total Area
78.87 acres
Sewers
None
Utilities
N
Water
None
Lot/Bldg/Unit Code
Lot
Zoning
A1 Prime Agriculture
Seller Property Info Statement
N
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