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0 EIGHTH LINE
Erin Ontario N0B1Z0 Canada

$3,495,000

Active Listing ID X8219122
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Vacant Land

$3,495,000

Active Listing ID X8219122
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0 EIGHTH LINE 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 Possibly Starting In The Next Year. Rehabilitation Is Mandatory And Company Has A History Of Completing Past Sites (id:203)

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Property Features

  • Facts
  • Property Sub-type: Vacant Land
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 4/10/2024 1:40:13 PM GMT
Source Updated Date: 4/24/2024 5:30:12 AM GMT

Courtesy of: DREWELLIOTT, Salesperson, ROYAL LEPAGE RCR REALTY

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