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 Possibly Starting In The Next Year. Rehabilitation Is Mandatory And Company Has A History Of Completing Past Sites |
Price | $3,495,000 |
Taxes: | $13333.00 |
Address: | 0 Eighth Line , Erin, N0B 1Z0, Ontario |
Acreage: | 50-99.99 |
Directions/Cross Streets: | Erin Garafraxa Townline |
Property Type: | Vacant Land |
Style: | Other |
Sewers: | None |
Water: | None |
Utilities-Cable: | N |
Utilities-Hydro: | N |
Utilities-Gas: | N |
Utilities-Telephone: | N |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
ROYAL LEPAGE RCR REALTY |
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Book Showing | Email a Friend |
Type: | Freehold - Vacant Land |
Area: | Wellington |
Municipality: | Erin |
Neighbourhood: | Rural Erin |
Style: | Other |
Tax: | $13,333 |