78.87 ac
$3,495,000
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 (id:58203)
Business
Business Type
|
Construction |
Business Sub Type
|
Gravel yard |
Property Details
MLS® Number
|
X8219106 |
Property Type
|
Vacant Land |
Community Name
|
Rural Erin |
Building
Land
Acreage
|
No |
Size Irregular
|
78.87 Acres |
Size Total Text
|
78.87 Acres |
Zoning Description
|
A1 Prime Agriculture |
https://www.realtor.ca/real-estate/26729615/0-eighth-line-erin-rural-erin