BUYER PREMIUM
0
LOCATION
Penhold, AB
SUMMARY
275 acres of excellent arable farmland as well as 2 acreages, all located on the south edge of Penhold, AB and in the heart of Central Alberta and the QE2 corridor
VIEWING
Call Tyler Rosehill with questions and viewing options at 403-507-1782.
DESCRIPTION
SURKAN FARMS LTD. LAND AUCTION
PENHOLD, AB
NO BUYERS PREMIUM

OPENS SUNDAY APRIL 6, 2025 AT 9AM
STARTS TO CLOSE TUESDAY APRIL 8, 2025 AT 12PM

Call Tyler Rosehill with questions and viewing options at 403-507-1782.

Directions: From the Penhold Regional Multiplex on Hwy 42 in Penhold, AB, go south on Waskasoo Ave (R.R. 280) for 2kms (1.5mi). West and east side of road.
Blue sign number: 36429 R.R. 280

Legal Descriptions:

Lot 1: SE-25-36-28-W4M - 155.01 acres

Lot 2: Plan: 1321981 Block: 1 Lot: 1 - 4.99 acres

Lot 3: Plan 1321736 Block 1 Lot 1 - 39.14 acres

Lot 4: SW-30-36-27-W4M - 120.86 acres

This land sale consists of 2 quarters of cultivated farmland as well as 2 acreages that are all together and located on the south edge of Penhold, AB. Lot 1 comprises of 155 acres which approximately 125 acres are arable, is perimeter fenced, and has great access. Lot 2 is subdivided out of lot 1 and consists of a 5 acre acreage which are bare and un serviced. Lot 3 is almost 40 acres subdivided out of the home quarter which is developed with homes, shops, corrals, full services, and more. Lot 4 is the remainder of the home quarter which is 120.86 acres of farmland of which approximately 105 acres are arable as well as great access and oil revenue. This is awesome farmland with great access; these parcels also offer mountain views. This land is all located within the QE2 corridor and only a 2 minute drive to the amenities of Penhold, AB and a 10 minute drive to Red Deer. This is an excellent opportunity to own much sought after farmland as well as acreages that offer both established home yard as well as an amazing building spot which are all located within the beautiful heart of Central Alberta. Please visit Rosehill Live for more information, pictures, and drone videos.

2024 Oil Revenue: $5,114.00 - (Lot 4-SW of 30)

2024 Taxes: Lot 1 - $312.87
           Lot 2 - $25.00
Lot 3 - $2,308.63
           Lot 4 - $414.69

Terms and Conditions

A deposit of 10%, payable to Rosehill Auction Service Ltd., will be required from the successful bidder on the auction day. The balance is due on or before May 8, 2025. A real estate contract will be prepared and provided to the successful bidder for signature. The successful bidder shall not impose any conditions in respect of the purchase. The real estate will be sold as is, where is. The successful bidder should be prepared to pay their share of legal fees for their lawyer to handle their side of the transaction. The balance of the purchase price is due on the closing date as set out in the real estate contract. The final bid will be subject to the vendor's approval. If the vendor does not accept the final bid, the deposit will be returned to the bidder, and the sale voided. If the vendor accepts the bid, the successful bidder is obligated to purchase the property at the accepted bid amount, and if the successful bidder fails to do so, the full deposit will be forfeited to the vendor as liquidated damages.
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