Detailed Description
Selling ONLINE Aug 22, 2024. 'Cash Crop N' Cows' will be offered for sale by CLHbid.com by way of ONLINE electronic tender from 10am-11am CDT.
The price listed is the Starting Bid - see website for Updates and Details.
https://www.clhbid.com/auctions/cash-crop-n-cows/
‘Cash Crop N’ Cows’ is a 160-acre quarter of land located a mere one and a half miles north of the Virden, Manitoba airport. This quarter is ahead of its time and is the poster child for embracing diversity, which we hear so much talk about. With ninety cultivated acres, another sixty acres in pasture, and the balance taken up by well sites offering passive income daily, your banker will likely already have their pen out upon your arrival at your pre-approval meeting.
‘Cash Crop N’ Cows’ was purchased by its long-time owner when he was just eighteen years old. The quarter served him well and offered solid appreciation in combination with annual rental income. The current annual Surface Lease Revenue of $18,000 equals a 5.8% return on investment at the Starting Bid of $310,000. Add to this the average annual appreciation of farmland in Manitoba using FCC numbers, and then top it all off with annual lease revenue for the pasture and cultivated acres and you may need to give your bookkeeper a raise for keeping track of it all.
‘Cash Crop N’ Cows' starting bid is well below its recent appraisal, which took into consideration the land value and the significant income stream offered by the Surface Lease Revenue. The family has decided to allow the market to determine the value of this quarter on sale day. The high bidder will take possession subject to tenants' rights for 2024. Surface Lease Revenue payments with anniversary dates following Closing will be assigned to the new owner.
‘Cash Crop N’ Cows’ is being offered for sale via online escalating tender by CLHbid.com. Please check the website for updates from time to time.