UNRESERVED PUBLIC REAL ESTATE AUCTION Selling for Phyllis ... · AB/COUNTY OF GRANDE PRAIRIE #1...
Transcript of UNRESERVED PUBLIC REAL ESTATE AUCTION Selling for Phyllis ... · AB/COUNTY OF GRANDE PRAIRIE #1...
AB/COUNTY OF GRANDE PRAIRIE #1
PARCEL 1 · NW 36-74-12 W6 159± Acres on Title
Undeveloped Farmland
• Recreationalvalue
• Nativere-growth
• RoadaccessfromNortheastcorner
*Important Notes:
•Currentaccessisthroughprivatelandonanoilfieldaccessroad.
•Thenewownerisresponsibletonegotiatefutureaccess.
•Propertywasloggedapprox.15yearsago.
Directions to Property: FromHythe,ABgo11.3km(7miles)
NorthwestonHwy43toJunctionHwy59,then1.6km(1mile)Easton
Hwy59,then(3.5miles)NorthonRR120,then1km(0.5mile)West,
then1km(0.5mile)North.
To view property contact Ross Sutherland: 780.814.1400
CONTACT: PhyllisSmith:250.860.0665
REALTOR: RickWallan:[email protected]
RITCHIE BROS TERRITORY MANAGER: MikeSlon:780.518.6249
rbauction.com/realestate
N97
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Smoky R.
Peace R.
Winagami Lake
Kimiwan Lake
CardinalLake
Calais
ClearHills
ClearPrairie
CrookedCreek
Deadwood
Dixonville
Donnelly
Enilda
FairviewGordondale
Grimshaw
HinesCreek
Hythe
Kenzie
Little Smoky
Reno
Rycroft
Sexsmith
Silverwood
Sunset House
Three Creeks
Valleyview
Warrensville
WorsleyBearFlat
Bond
Briar Ridge
Clayhurst
Doe River
EastPine
KellyLake
Murdale
Rolla
Taylor
Tupper
GrandePrairie
DawsonCreek
Auction Property2
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43 43
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Auction Location
ThispropertywillbesoldattheunreservedpublicauctioninGrandePrairie,ABonJune27,2013.Thislotwillbesoldtothehighestbidderonauctionday,regardlessofprice.
HYTHE
1Farmland
43
TWP 740TWP 740
RR# 120RR# 120
59
TWP 750TWP 750
LYMBURN
DEMMIT
AB/COUNTY OF GRANDE PRAIRIE #1
PARCEL 1 – GOOGLE MAP
UNRESERVED PUBLIC REAL ESTATE AUCTION
Selling for Phyllis Smith June 26 & 27, 2013Hythe, AB (Northwest of Grande Prairie)
One Parcel of Undeveloped Farmland 159± title acres
Selling at the Grande Prairie Auction Site 721076 Rge Rd 51, Grande Prairie, AB
rbauction.com/realestate
Unreserved Real Estate Auction – Terms and ConditionsThefollowingtermsandconditions(the“RealEstateTerms”)formanintegralpartofthetermsoftheBidder’sRegistrationAgreement(the“BidderTerms”).TheRealEstateTermsapplytoallsalesofrealproperty(the“Property”),andapplyonlytosalesofrealproperty.WheretheRealEstateTermsareapplicable,theRealEstateTermsshallprevailtotheextentofanyconflictwiththeBidderTerms.
1. UNRESERVED AUCTION. ThePropertyshallbesoldtothehighestbidderregardlessofpriceatunreservedpublicauction.Thesaleshallnotbesubjecttoanyminimumbidorreserveprice.
2. AGREEMENT OF PURCHASE AND SALE.ThepurchasershallexecuteanAgreementofPurchaseandSale,intheformprovidedbytheAuctioneer,withoutmodification,immediatelyafterbeingdeclaredthehighbidder.
3. CASH SALE.ThisisacashsaleandisnotcontingentonPurchaser’sabilitytoobtainfinancing.4. ESCROW AGENT.Completionandclosingofallrealestatetransactionswillbehandledbyaqualifiedescrowagent(the“Escrow
Agent”)appointedbytheSellerandtheAuctioneer.Alldeposit,earnestandpurchasemoniesinrespectofthePropertyshallbepaidtoanddepositedwiththeEscrowAgent.
5. DEPOSIT.Immediatelyafterbeingdeclaredthehighbidder,thePurchasershallsubmitanon-refundabledeposittotheEscrowAgentintheamountof25%ofthePurchasePrice(the“Deposit”).TheAuctioneermay,initssolediscretion,acceptaDepositof10%ofthePurchasePriceifprovidedwithacopyofanunconditionalletteroffinancingfromalendinginstitutionacceptabletotheAuctioneer.ThebalanceofthePurchasePriceshallbepaidatorbeforeclosing.
6. ADMINISTRATIVE FEE.Immediatelyafterbeingdeclaredthehighbidder,thePurchasershallpaytheapplicableadministrativefee,ifany,totheAuctioneer.
7. TAXES.AnyandallapplicableFederal,ProvincialorStatetaxesmustbepaidbythePurchaserinadditiontothePurchasePrice,atorbeforeclosing.AnyandallapplicablepropertytaxesshallbepaidbytheSellerandPurchaserpro-ratabasedonthedateofclosing.
8. CLOSING.Closingwilltakeplaceonthedatethatis30daysafterthedateoftheauction,orsuchotherdateasmaybemutuallyagreedbytheparties.ThePurchaserandSellershalleachberesponsiblefortheirownlegalfees.LandtitleregistrationfeesshallbepaidbythePurchaseratorbeforeclosing.
9. NON-PERFORMANCE.AnyfailurebythePurchasertocompletethepurchaseofthePropertywillresultintheDepositandanyfurtherinterestinthePropertybeingforfeited.
10. POSSESSION. Purchaserwillreceivevacantpossessiononthedateofclosing.11. AS-IS SALE. ThePurchasershallaccepttheProperty“AS-IS”,“WHERE-IS”,and“WITHALLFAULTS”asoftheclosingdateand
thePurchaserspecificallyagreesthatneithertheSellernortheAuctioneermakesanyrepresentationsorwarrantiesofanykindwhatsoever,expressedorimplied,tothePurchaserastothevalue,conditionorfitnessoftheProperty,environmentalorotherwise,oranypartthereoforimprovementsthereon.Alldescriptions,measurementsandacreageprovidedbytheSellerandtheAuctioneeraretobeusedasaguideonly.ThePurchaseracknowledgesandagreesthatitisthePurchaser’ssoleresponsibilitytomakesuchlegal,factualandotherinquiries,inspectionsandinvestigationsasPurchaserconsidersnecessarypriortobiddingontheProperty,andPurchaserherebywarrantsandrepresentsthatheshallhavesatisfiedhimselfastothelocationandconditionoftheProperty,andalldescriptionswithrespectthereto,priortobidding,andthathehashadtheopportunitytodoso.
12. NO MINES OR MINERALS.MinesandmineralsarenotincludedandshallnotbeconveyedwiththePropertyunlessotherwiseexpresslyprovided.
13. PERSONAL PROPERTY. NopersonalpropertyshallbeconveyedwiththePropertyunlessspecificallyincludedinthepurchaseagreement.
14. AGENT OF SELLER.TheAuctioneer(andanyappointedrealestateagent,whereapplicable)isactingasanagentoftheSelleronly,andnotasanagentofthePurchaserorasadualagent.
15. NO ASSIGNMENT.ThePurchasershallnotassignhisbidorobligationtopurchasethePropertytoathirdpartywithoutthepriorwrittenapprovaloftheAuctioneer.
16. FOREIGN OWNERSHIP RESTRICTIONS.ThePropertymaybesubjecttoforeignownershiprestrictions.BidderacknowledgesthatitisBidder’ssoleresponsibilitytomakeanynecessaryenquiries,includingwithoutlimitationconsultingwithlegaladvisors,priortobiddingtoensuretheyarelegallyeligibletopurchasetheProperty.