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UNRESERVED FORCLOSURE LAND AND HOUSES AUCTION

Real Estate Auction

Time:	11:00 AM
Date:	Saturday October 31, 2009
Location:	DRAYTON VALLEY AB, Canada T7A 1S2

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Auction location: Sekura Auctions Drayton Valley Ab.

Land location: SE1/4 -36-50-8-W5. From Drayton Valley go 9 miles north on Hi-way # 22 then go 2 miles west on TWP. 505 (north side of road)

Viewing by appointment with Realty Executives OR open houses on Oct. 8^th 5pm-7pm and Oct. 17^th 10am-1pm.

Sale Bill

Property described as: SE1/4-36-50-8-W5 approx. 151.06 acres +/-. Including 2 homes, home #1 is a 2008 new approx. 2045 sq. ft. home. Home #2 is an older approx. 980 sq. ft. home with a detached older garage.

HIGHLIGHTS:

-Located 10-15 min. from Drayton Valley, 1 hour from Edmonton, 2 miles off pavement and 1 mile from the Pembina River.

-Land is 151.06 acres of rolling recreational land with a large deep fish pond, creek, open meadows and trees with very little low land and a large quantity of wildlife, trails and more. Also a service road has been built on east boundary of property.

-2045 sq. ft. home is new and very well built overlooking the large pond and c/w 2 covered decks, 3 bdrms. (Master has ensuite bathroom with jetted tub and stand up shower) 2 bthrms. 1 office. Basement includes 20’ x 56’ shop with rear garage entrance spare rooms, insulated concrete walls and utilities. (Needs some gyprock finishing).

- Interior Finish: ceramic tile, oak hardwood floors, oak trim, 9’ ceilings, all new appliances ECT. All high quality.

- 2^ND Home: 980 sq. ft, seems very sound. Utilities are modern with a full basement and would make great guest or rental house. Garage is good structurally and has furnace, garage door and windows; Yard is mature and well landscaped around this home.

- Services: Drilled well, power, gas (smaller home has separate meters), sewer ECT.

-Taxes: $3383.00 in 2008

-Above Standard: The pond is 100’ deep, insulated exterior, radiant heating, 14” thick walls, oak everywhere, developed trails and recreation areas, close to recreation and population, revenue potential, spare road, extensive professionally built roads and parking lots (for large equipment if desired), spare home.

Needs Work: Yard is brand new and needs grass, deck pilings need repair, basement needs gyprock on some to finish, does not SHOW well with no upkeep to yard.

All listings and descriptions are meant only as a guide and everyone should view the auction items first hand as to satisfy themselves as to its condition.

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Auctioneer's Notes

AUCTIONEERS NOTE: This property really is a rare opportunity. The potential for rental revenue from the small home and the possibility for 2 subdivisions could make this a great starter home or investment property. Because this property is so new it does not show well and might be an incredible bargain for someone that recognizes all the landscaping and the “standard exceeding” materials and work that have gone into this property. It does need finishing but all the hard work is completed.

BUYERS NOTE: Read the following partial conditions. A full set of terms and conditions and the court ordered purchase agreement can be obtained from Realty Executives Drayton Valley Ab. at 780-514-7979. All bidders must register with Sekura Auctions at Drayton Valley by 10:00 am on Oct. 31^st 2009 to be eligible to bid.

PARTIAL TERMS AND CONDITIONS

This property sells unreserved regardless of price.
The buyer will execute a purchase agreement as written by The Court Of Queens Bench Of Alberta with Realty Executives Drayton Valley.
This property sells AS IS WHERE IS with no representations or warranties of any kind whatsoever.
This is a cash sale and not contingent on financing.
A non-refundable deposit of $30,000.00 (thirty thousand dollars), made payable to Realty Executives Drayton Valley in the form of a certified cheque, bank draft, money order or cash.
Applicable Federal, Provincial taxes or Premiums must be paid by the purchaser in addition to the purchase price.
It is the responsibility of the seller to obtain, understand and agree to the full Terms and Conditions and the Agreement of Purchase of Sale as provided by Sekura Auctions, Realty Executives and The Court Of Queens Bench Of Alberta if he or she intends to purchase this property by auction.

A 5% buyer’s premium applies to all purchases excluding livestock.

For more info. Contact Mary Mackenzie at Realty Executives 780-514-7979 OR Sekura Auctions at 780-542-4337 OR visit www.sekuraauctions.com