Lease your equipment

with McDougall Auctioneers

and National Leasing

  • Get approved in a matter of minutes *
  • Tailor payments to match your cash flow
  • Low rates on used equipment
  • Keep capital for other business expenses
  •  

                             * On approved credit

    Ready to lease?

    Finance your equipment

    with McDougall Auctioneers

    and Polaris Leasing

     

                             

    Ready to finance?

    Get a mortgage

    with McDougall Auctioneers

    and Knight Archer

     

                             

    Ready to get a mortgage?

    Finance your equipment

    with McDougall Auctioneers

    and Brandt Finance

     

                             

    Ready to finance?

    SSL site seal - click to verify
    Questions? 
    Welcome! Sign in or Register

    Real Estate - Wapella Elevator - Lot 1501

    Item condition: This Sale Requires Pre-Registration
    Time Left:

    Ended

     

    (Ended 1/27/23 1:21 pm CST)

    Last Bid:

    $122,000.00

    Bidding is closed

    Bid Details

    Last Bid: 1/27/23 1:11 pm

    Location: Wapella, SK

    PST: Normal

    Bid Increment: 1,000.00

    Overview

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

    Terms and Conditions:

    Auction will close on Friday January 27, 2023.

    1. Highest Bid or Any Bid Not Necessarily Accepted.
    2. Legal Fees are the responsibility of the respective party. Transfer Fees will be the responsibility of the Purchaser.
    3. Upon agreement to Sell the Purchaser will be required to pay a non - refundable deposit with Certified Funds to McDougall Auctioneers of 10% plus the Buyer's Fee and applicable taxes within 24 hours.
    4. Remainder of funds and title transfer to occur within 21 Days of Sale Agreement.
    5. All auction items are sold buyer beware and as is where is.
    6. Subject of a $1500 Buyers Fee.
    7. Offers will be conditional upon the offeror, if accepted, being able to enter into Lease Agreement and the applicable rail agreement (Siding Access Agreement for Gull Lake and Track Access Agreement for Wapella).
    8. Offers will also be subject to Court Approval

    THIS AUCTION SALE REQUIRES PRE-REGISTRATION!!

    A refundable deposit of $5,000 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. You may also provide us a copy of a void cheque so that we can return the deposit more quickly.

    Driving Directions To Sale Site: 400 Service St, Gull Lake, SK 520 N Railway St, Wapella, SK

    For More Information Regarding This Sale, Please Contact: Cory Hall At 306-541-4409 or 306-271-1505.

    Detailed Description

    Features and Specifications

    Details:

    There is a lease in place that the purchaser will have to assume, as well as a Rail Siding Agreement or a Track Access Agreement that the potential purchaser will have to arrange with CP Rail. These agreements will be made available to qualified interested purchasers upon request, and will be considered confidential and non-transferable. 

    Formerly a Cargill Elevator, this facility was sold to a private company (Pipeline Foods) in 2017 and refurbished and used for several years, until the company closed in 2021.


    This Facility consists of two buildings, all the following are included in the sale of the Elevator, 

    Formerly a Cargill Elevator, this facility was sold to a private company (Pipeline Foods) in 2017 and refurbished and used for several years, until the company closed in 2021.

    This Facility consists of two buildings, all the following are included in the sale of the Elevator,

    -Main Elevator Building with Offices & Testing Rooms (3060 Metric Tons or 112,400 Bushels)

    -Annex #1 (Cleaning Annex with Fractioning Aspirator & Screening Bin)

    -Dust Collector (Non-Functioning)

    Elevator Complex: Made up of the Offices, Testing Facilities, Truck Scale and Unload Area, and Bin Area. Facility has 24 bins divided by size (4 – 165 Metric Tons, 4 – 80 Metric Tons, 16 – 130 Metric Tons). All Bins are hoppered but require new tin sheeting installed. Using both legs to load resulted in an average capacity of 100 Metric Tons in 25 minutes if run properly. Or one leg could load one truck in 15 minutes. The Truck Scale had a weight limit of 66,000 kg. All blue exterior pipes were installed between 2017 & 2018.

    Cleaning Annex: Built between 2019 and 2020, Cleaner is a fractionating Aspirator Cleaner, and capable of cleaning a variety of crops. Different Rollers for different product, spare rollers are visible in the Elevator Control Room Pictures.

    Truck Probe: Gamet Apollo Model 610A Truck Probe Sampler was installed in 2018, and was operating at time of shutdown.

    Damages of Note: East & West Truck doors were damaged and torn down during a windstorm in Summer 2022. Temporary Fence Panels are not included in the purchase of the Elevator Lease.

    Obligations & Details: There were two agreements between Pipeline and CP in respect of Wapella. The purchaser of this facility would assume the existing Lease that Pipeline Foods had and would enter into a new Track Access Agreement. Both agreements are provided below under supportive documents.

    a) Lease Agreement The rent under the Lease Agreement was $2653 per year due on September 1 in each year of the term of the Lease. The Lease term expires on August 1, 2023 but can be renewed for an additional 5 year term (and thereafter for another 5 year term – for a total of ten years to 2033). After the first 5 year term, the Lease can be terminated by either party on 90 days written notice. There is a 3% increase applicable in each year after 2017.

    b) Track Access Agreement This Agreement gives the user (formerly Pipeline Foods) access to certain trackage of the CP Wapella rail track to facilitate the user’s approved Operations. CP has provided the form that it would expect for this Agreement with a new user. The annual fee for the use of the Access Area will be $90,000 for the one-year term. There is a provision for 3% increase in that fee for each successive one-year term (understood to be the effect of clause 10.1 and clause 9.1). The agreement continues from year to year after the first anniversary until terminated by either party on 90 days written notice.



    Recently Viewed

    Your Items Ending Soon

    Bid List