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11 Quarters With Oil Revenue Storthoaks Rm No. 31, Saskatchewan S0C 0P0

Acreage

$5,500,000

Here is a rare opportunity to purchase 11 quarters with a significant income of $161,895 from 51 surface leases. The land is located 7 miles North of Carievale in the Rm of Storthoaks. There is a total of 1745.21 acres currently in alfalfa. The soil classes are 9 (H), 1 (J) and 1(K). The total assessment is $1,911,500. The income from the alfalfa ranges year to year from $70,000 - $80,000. The land was in cultivation and could be put back into production. According to SAMA there are 1245 cultivated acres and more acres could certainly be broken. There is one fenced quarter that is used for pasture with an older yard site with power, no value was given to the yard site. For an investment there is lots of value with passive income of approximately $240,000 per year which equates to over a 4.3% return on investment. (id:27989)

Property Details

MLS® Number SK982540
Property Type Agriculture
Community Features School Bus
Crop Hay
Farm Type Farm

Building

Type Unknown

Land

Acreage Yes
Size Irregular 1745.21
Size Total 1745.21 Ac
Size Total Text 1745.21 Ac

https://www.realtor.ca/real-estate/27363316/11-quarters-with-oil-revenue-storthoaks-rm-no-31

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Adam Hungle
Salesperson

(306) 531-8854
(306) 584-1077