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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:54186)
| Business Type | Construction |
| Business Sub Type | Gravel yard |
| MLS® Number | X8219106 |
| Property Type | Vacant Land |
| Community Name | Rural Erin |
| Size Interior | 78.87 Ac |
| 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
Contact us for more information
Drew Elliott
Salesperson
(519) 941-5151
(519) 941-5432
www.royallepagercr.com
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