Real Estate

5.93 Acre Industrial Land, Pilot Butte, SK (FOR SUB-LEASE)

Pick up location: 8 Kirby Street, Pilot Butte, SK

Auction: REAL ESTATE - MCDOUGALL AUCTIONEERS LTD LOT B

Lot: 1507

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Close Date

Wed Jan. 5, 2022 1:00 pm CST

Opening Bid: 1000 CAD

0 bids

Item Quantity: 1

Condition: THIS AUCTION SALE REQUIRES PRE-REGISTRATION

PST: Normal

Subject to a $1,500.00 Buyers Fee.
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Listing Details

Features and Specifications

Details:
 
INDUSTRIAL LAND FOR SUB-LEASE!
This 5.93 Acre lot is located on Kirby Street just off the North Service Road located along Highway # 1 East in the Highly Sought after R.M of Edenwold No. 158 near White City minutes East of Regina.
As part of McDougall Auctioneers Yard Upgrade Project (YUP), being completed in Regina, SK. McDougall Auctioneers has acquired an additional 14 acres of land surrounding the main warehouse and compound on Highway #1 East. This upgrade and improvement project will allow us to merge the current two compounds and provide a better viewing, and pickup experience for our bidders, as well as improve the traffic flow around the warehouse, for our customers. All heavy truck traffic will be redirected along the new north to south access road along the west side of the yard, to improve the traffic and congestion when loading and unloading of heavy machinery, and other consigned goods.
Once this project is complete the compound currently known as Yard B will become available for sublease. This yard is currently being leased by McDougall Auctioneers until March 31, 2023. McDougall Auctioneers is looking for a business or other entity that will sub lease the property for the remainder of the current lease term. The current lease is $5750 per month plus property taxes of approximately $1500 per month.
McDougall's cannot guarantee the ability to renew the lease at the current rate at the completion of the current lease, but the landowner has stated that he is open to a reasonable offer and renegotiations at the completion of the current lease.
McDougall's reserves the right to terminate the auction on this property at any time, for any reason including a sub-lease agreement being reached. All parties who express interest to sub lease this property will be treated on a first come first serve basis. Please contact Cory Hall with the Real Estate Department for more information, showings and to discuss this opportunity further.
 
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Property Information:
Completely Fenced graded to finish with excellent drainage, Compacted Graveled (Slag- Ballast and Fines),
Lot features a Britspan Coverall Building 52' X 168' with Structural Ends,
14' X 14' Overhead Doors on either end,
There is a Powered Office Shack on site featuring a Propane Furnace and Air Conditioning,
Lot is also prepped for electrical and yard lighting,
 

Lot Overview

Viewing:
By Appointment Only, Please Contact the Real Estate Team at 1-306-271-1505

Terms and Conditions:

Auction will close on Wednesday, January 5, 2021.

1. This auction is to determine the monthly lease rate for the subject property, and has a reserve.
2. Highest or Any bid not necessarily accepted.
3. Lease will include the monthly rate, and annual property taxes.
4. McDougall's reserves the right to end the auction at any time, and lease directly to an individual.
5. Purchaser must sign a lease for the remaining 1.5 Years on current lease.
6. An opportunity to re-sign for a longer duration will be available at the end of current lease and will be done directly with owner.
7. A deposit equal to one months rent will be required to be paid by the lessee and held as security for the lease.
7. A one time Buyers Fee of $1500 plus GST is applicable.

THIS AUCTION SALE REQUIRES PRE-REGISTRATION!!

A refundable deposit of $7,500 is required to participate in this sale. Please allow a minimum of 24 hours to be registered. NO FINAL DAY REGISTRATIONS WILL BE PERMITTED.

Please contact our Real Estate office to start the registration process. Prior to contacting our office, please ensure you have your bidding account for McDougallbay.com completed and set up.

Our Real Estate Office is available by phone or email, Monday to Friday 8 AM to 4:30 PM. Phone 306-271-1505. Email: realestate@mcdauction.com


Refundable deposit will be returned within 5 business days to unsuccessful bidders.

Documents

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Pick Up & Conditions

Terms

TERMS & CONDITIONS - Cash, Debit, Corporate Creditor Or Online Payments. - Buyer's Premium of $1500. - Subject To Additions & Deletions.

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