RE/MAX Lloydminster

SE & NE 21-50-25-W3

$600,000 is the starting price / minimum opening bid for this land to be sold by Progressive Tender™. All initial offers opened Noon, Tuesday January 28, 2025. GST applies. 

Two quarters of pastureland totalling 317 titled acres located approximately 16 miles northeast of Lloydminster in the Rural Municipality of Britannia. 

https://www.google.com/maps/place/53%C2%B019'43.5%22N+109%C2%B035'42.5%22W/@53.328748,-109.595139,83172m/data=!3m1!1e3!4m4!3m3!8m2!3d53.328748!4d-109.595139?entry=ttu&g_ep=EgoyMDI0MTIwOS4wIKXMDSoASAFQAw%3D%3D

2021 SAMA assessment $199,700. Access is from improved roads on both north and east boundaries. 

Vendor reports annual Surface Lease Revenue of $27,800 from nine Cenovus sites. 

Perimeter is barb wire fence.  2024 property taxes $585. 

Rare opportunity to buy pastureland in this district with the bonus of annual surface lease revenue.

For additional details or inquiries, contact Grant or Vern with The McClelland Group, RE/MAX of Lloydminster, (780) 808-2700 or email grant.m@progressivetender.com 

Progressive Tender Steps:

Step 1: Submit Bid Document - 

• Download the Bid Document from the www.waldronland.ca website, pick up a copy at the      RE/MAX office, or ask for one to be emailed to you.
• Fill out the required details. Minimum opening offer is established at $600,000.
• Obtain a bank draft or certified cheque for $15,000 made payable to "RE/MAX of      Lloydminster in Trust."
• Place both items in a sealed envelope and label it  “Waldron Tender."
• Deliver the envelope to the RE/MAX of Lloydminster office at 5726 – 44th Street, Lloydminster, AB T9V 0B6 by Noon MST,      Tuesday January 28, 2025  Attention: McClelland Group.

Step 2: Round Table Activity

• After the initial offers for each parcel are opened, the Broker will contact each Bidder and inform them of the amount      of the highest offer. Bidders will have until noon the following business day to submit a revised offer by phone, email, or text if they wish.

Step 3: Final Offer

• This "round table" process continues daily until every Bidder declares their Final Offer.
• If a Bidder doesn’t respond within the time limit or increase their bid by a minimum amount of 2% over the previous round's      highest offer, their last bid will automatically be declared as their Final Offer. 
• Matching bids during progression rounds are discouraged.

Step 4: Confidentiality 

• All Bidder names are kept confidential and only revealed to the Seller with the offer history when the progression rounds      conclude. Bidder names and bid history is the sole possession of the Seller.

Step 5: Finalizing Purchase

• The Seller reserves the right to reject any or all offers, engage in further negotiations on price or terms, and may award the sale of the subject property to the buyer of their choice.
• The successful Bidder must complete a Purchase Contract with the Broker within two business days of acceptance; a draft of which is available on the website.
• Deposit is to be increased to 5% of sale price upon removal of conditions.
• Buyers must either be GST registrants and provide a GST number at completion or pay the applicable tax.
• Completion date is to be within 45 days of acceptance of offer unless otherwise agreed.

Step 6: Diligence Activity, Legal and Accounting Costs

• Property is sold “as is”. Bidders are encouraged to conduct their own diligence including appraisal for value, survey/ real property or other reports.
• Each party is responsible for their own legal and accounting costs. There is no buyer transaction fee.

Step 7: Notification

• All Bidders will be notified about the outcome once a Purchase Contract is completed between the successful Buyer and      Seller. Deposits from unsuccessful Bidders will be released in a timely manner by the Broker once the Purchase Contract is in place.

The McClelland Group, Agricultural and Commercial Specialists with RE/MAX of Lloydminster, offers a full range of consulting services, land valuation, leasing, and real estate marketing to clients across Alberta and Saskatchewan. Call us today and start the conversation!

Grant McClelland – Direct (780) 871-4221 Email: grant.m@progressivetender.com

Vern McClelland - Direct (306) 821-0611 Email: vernmcclelland@remax.net