0 Eighth Line Erin, Ontario N0B 1Z0
$3,495,000
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:12481)
Business
| BusinessType | Construction |
| BusinessSubType | Gravel yard |
Property Details
| MLS® Number | X8219106 |
| Property Type | Vacant Land |
| Community Name | Rural Erin |
Building
| SizeInterior | 78.87 Ac |
Land
| Acreage | No |
| SizeIrregular | 78.87 Acres |
| SizeTotalText | 78.87 Acres |
| ZoningDescription | A1 Prime Agriculture |
https://www.realtor.ca/real-estate/26729615/0-eighth-line-erin-rural-erin
Contact Us
Get in touch with us for more information!
Phil Spoelstra
Broker of Record
(519) 667-1958
www.farmontario.com
34 Grandview Crescent
London, Ontario N6K 2Y2
Ron Steenbergen
Broker
(519) 667-1958
www.farmontario.com/
675 Adelaide Street North
London, Ontario N5Y 2L4
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October 16 2024 06:14:40
Toronto Real Estate Board
Royal LePage Rcr Realty