0 Eighth Line
Rural Erin, Erin, N0B 1Z0
For Sale
46.96 BTC
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BEDROOMS0
BATHROOMS0
KITCHENS0
ROOMSX8219122
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Property Description
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
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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
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Property Details
Property Type
Vacant Land, Other
Acreage
50-99.99
Lot Irregularities
78.84 Acres
Fronting
South
Taxes
$13,333 (2023)
Heat Type
None
Air Conditioning
None
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Listing contracted with Royal Lepage Rcr Realty
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