LIANG Commercial Real Estate

Description

Sold as is where is. 132 acres located on the James River just North West of Sundre. The river winds through the property cutting it into 3 individual pieces of land. (1) 20+ acre homestead with 2 older homes, one is 1200 sq ft with 2 bedrooms and heated by electric and wood, rented by a long term tenant and the other one is unlivable but gives you an opportunity to replace it with a new house. 40X60 shop with cement floor with in floor heating installed but not connected, 50X60 barn needing work.(2) Another aproximately 15 acres on the flood plain(3) Acoss the river is approximately 97 acres with 20 acres of hay land and the rest treed. Good for grazing or great place to set up a cabin. Property qualifies for a Farm Credit Mortgage. Seller would consider selling any one of the 3 parcels by way of co-ownership. It is like a condo without fees. The title can not be split. Each person gets percentage of title that is equivalent to number of acres that they have. There is co-ownership agreement where it is defined what portion of the property each person owns. We have also agreement what can be done with the property and on the property to ensure peaceful enjoyment of each of owners. In case of sale, other co-owners have right of first refusal; it is part of co-ownership agreement. New co-owner must sign co-ownership agreement to ensure continuation of applicable rules, rights and obligations. Seller would consider partial financing.