Auction Items For Sale
Located just 5 miles southwest of the Village of Chauvin, Alberta, you will find ‘Chauvin Stand Up Triple.’ These three quarters of farmland are laid out in an “L” shape a mere 9 miles west of the Saskatchewan border. This area boasts a vibrant oilfield beneath the surface and prime agricultural land on the surface; Western Canada at its best. Just 45 miles south of Lloydminster, and 25 miles north of Provost, the area is situated well north of the more arid regions of southeastern Alberta. With an average rainfall of over 19 inches annually, the area produces big crops while offering up enormous passive income from the oilfield leases scattered across the landscape. The Village of Chauvin is home to Suzie, the Worlds Largest Softball, and ‘Chauvin Stand Up Triple’ knocks it out of the park three ways regarding passive rental income, land appreciation and overall fertility.
There is no warning track involved in this ‘Stand-Up Triple.’ At a Starting Bid of $900,000.00 for all 3 quarters, couple the annual SLR of approximately $50,000.00 with significant crop rental income, and the return on investment from ‘Chauvin Stand Up Triple’ exceeds 7% per annum. Add to that the average increase in farmland values over the past 10 years and you safely slide into double digit returns on investment with ease. Little wonder they say a ‘Stand-Up Triple’ is much rarer than a home run. With oil prices on the rise, these are producing wells with excellent longevity.
In total, there are approximately 330 acres of prime cultivated land. Do the math: at the Starting Bid, the cropland without any appreciation for SLR, is still valued at well under three thousand dollars per acre. Don’t miss the opportunity of a lifetime; land in the near vicinity has recently sold for double this amount. If you're looking to diversify, why not invest in both the future of agriculture and oil all at once?
Chauvin Stand Up Triple is being offered for sale by electronic tender by CLHbid.com. Check the website for details from time to time.