0 Eighth Line, Erin
0 Eighth Line, Erin
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14 Photos
- MLS®: x8219122
- Type: Lots and Land
- Added: 24 days ago
- Type: Lots and Land
- Listed by: Point2
Property Details
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
Features
- Other: 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, Faces South, Utilities: No Cable, No Sewers, No Telephone Service