RE/MAX Lloydminster

We are pleased to present the following commercial lot located adjacent to the Trans-Canada Yellowhead Highway 16 on the Saskatchewan side of the City of Lloydminster for sale:

Lot 9, Block 3, Plan 102297720: 1.72 titled acres with a frontage of 186’ and a flank of 400’.

https://maps.app.goo.gl/RBdyUnknK9DLkCF8A?g_st=com.google.maps.preview.copy

This parcel located on the north side of the highway, positioned between the Hyundai and Redhead Equipment dealerships.

The immediate area has been newly developed with several flag hotels, fast food franchises including Tim Horton’s, two gas stations, convenience, and liquor stores plus the Gold Horse Casino. 

The Cenovus Energy Hub (opening 2025) is the site of two indoor ice surfaces, one seating 2,500 hockey fans, while converting to a 4,500-seat event center for concerts and conferences, plus an outdoor rink, and ball diamonds. 

With all these modern sites within walking distance, and 24-hour exposure to a busy interprovincial highway, this property provides significant opportunity for any business.

The Highway Corridor Commercial District (C2) zoning allows for a multitude of uses.  Review the abstract of the Land Use Bylaw on the tender website or visit https://www.lloydminster.ca/en/business-and-growth/planning.aspx 

Access to the lot is provided from 39th Avenue via a paved east / west easement on the north side of Lot 4 (Hyundai). Note the development of the service street between the subject property and Highway 16, as shown on the ISC parcel map, will not be allowed by the city. 2024 taxes are $16,564.15

Tender Participation Details:

Initial bids must be submitted by Noon MST, Tuesday October 15, 2024.  For additional details or inquiries, contact Vern with The McClelland Group, RE/MAX of Lloydminster, (780) 808-2700 or email vernmcclelland@remax.net

Progressive Tender Steps:

Step 1: Submit Bid Document

• Download the  Bid Document from the www.lagautotender.ca website, pick      up a copy at the RE/MAX office, or ask for one to be emailed to you.
• Fill out the required details. Buyers must be GST registrants and provide a GST number at completion.
• Obtain a bank draft or certified cheque for $25,000.00 made payable to "RE/MAX of  Lloydminster in Trust."
• Place both  items in a sealed envelope and label it “LAG Tender."
• Deliver the envelope to RE/MAX of Lloydminster at 5726 –44th Street, Lloydminster, AB T9V 0B6 by Noon MST, Tuesday October 15, 2024. Attention:      McClelland Group.

Step 2: Round Table Activity

• After the initial offers are opened, the Broker will contact each Bidder and inform them of the amount of the highest bid. Bidders will have until noon the  following business day to submit a revised offer by phone, email, or text if they wish.

Step 3: Final Offer

• This "round table" process continues for each parcel daily until every Bidder declares their Final Offer.
• If a Bidder doesn’t respond within the time limit or increase their bid by a minimum amount of 2% over the previous round's highest offer, their last bid will      automatically be declared as their Final Offer. 
• Matching bids  during progression rounds are discouraged.

Step 4: Confidentiality 

• All Bidder names are kept confidential and only revealed to the Seller with the bid  history when the progression rounds conclude. Bidder names and bid history is the sole possession of the Seller.

Step 5: Finalizing Purchase

• The Seller reserves the right to reject any or all offers, engage in further negotiations on price or terms, and may award the sale of the subject      property to the buyer of their choice.
• The successful  Bidder must complete a Purchase Contract with the Broker within two business days of acceptance; a draft of which is available on the website.
• Deposit is to be increased to 5% of sale price upon removal of conditions.
• Proposed completion date is November 15, 2024 unless otherwise agreed.

Step 6: Diligence Activity, Legal and Accounting Costs

• Property is  sold “as is”. Bidders are encouraged to conduct their own diligence including appraisal for value, survey / real property or other reports.
• Each party is responsible for their own legal and accounting costs. There is no buyer  transaction fee.

Step 7: Notification

• All Bidders will be notified about the outcome once a Purchase Contract is completed between the successful Buyer and Seller. Deposits from unsuccessful Bidders will be released in a timely manner by the Broker once the Purchase Contract is in place.

The McClelland Group, Agricultural and Commercial Specialists with RE/MAX of Lloydminster, offers a full range of consulting services, land valuation, leasing, and real estate marketing to clients across Alberta and Saskatchewan. Call us today and start the conversation!

Grant McClelland – Direct (780) 871-4221 Email: grant.m@progressivetender.com

Vern McClelland - Direct (306) 821-0611 Email: vernmcclelland@remax.net