110 Highway 4 South, Rosetown, SK
Parcel AA, Plan 101496933 Ext. 16
Terms and Conditions of the tender are as follows:
1. Buyer’s offer will be itemized by legal description and any conditions of the offer must be clearly stated.
2. The highest, or any, offer will not necessarily be accepted.
3. Buyers must be preapproved for financing prior to tender closing.
4. Buyer must provide a cheque for a 5.0% deposit of the price being offered unless otherwise agreed.
5. COMPLETION DATE to be January 15, 2020.
6. POSSESSION DATES:
a) VACANT POSSESSION of shop, warehouse, and the yard site area behind the building to be May 31, 2020. Tenant pays $3,000.00 per month rent (plus GST) plus all utilities for the property. Rent of this area to be adjusted as of completion day.
b) VACANT POSSESSION of front office area to be February 1, 2020. Rent of this area to be adjusted as of February 1, 2020.
7. ADJUSTMENT DATES:
a) Property Taxes to be adjusted as of COMPLETION DAY.
b) All remaining normal adjustments for the Property including but not limited to: local improvement levy and assessments, municipal charges, utilities, and surface leases shall be adjusted as of the POSSESSION DATES described in Term 6 above. All adjustable items are the Buyer’s responsibility for the entire possession Day
8. All offers must be received in our office [Biggar] by the tender deadline 5:00 p.m. December 13, 2019.
9. All offers received are to be left open until 5:00 p.m. December 23, 2019. All offers received will be addressed and responded to [i.e. accepted, rejected, or countered].
10. The Seller acknowledges and accepts that the listing broker WILL NOT inform or present the Seller with any offers received until after the date and time mention in term 8. above.
The property is located on the east side of Highway 4 South, just south of the junction of Highways 4 and 7, in Rosetown, Saskatchewan.
Access & Exposure
The property is located along a paved bi-directional highway with open ditches. As there are no centre medians, access is not restricted. The subject is considered to have good exposure/ visibility given its location along Highway 4 South.
The property is rectangular in shape (299’ x 544’) with a total site area of 162,656 square feet or 3.73 acres. Site has 299 feet of frontage along Highway 4 South. (Site size via Information Services Corporation).
Topography & Soil Conditions
The property’s topography is gently undulating and is assumed to allow for adequate drainage.
Services & Street Improvements
Municipal services, including: natural gas, municipal water, power, phone, internet, RCMP, and Fire Protection, are available to the property. It has a septic system for sewer. The street improvements include streetlights and street signs.
Site Improvements & Parking
The site is improved with an asphalt parking lot in front of the building and along a portion of the north side, concrete aprons along the south, and east sides of the buildings, and gravel throughout the remainder. There is ample on-site parking. Electrified on-site parking is available at the front (west) and south sides of the building.
The property is zoned C2 - Highway Commercial District.
The property is surrounded by commercial/ industrial development along Highway 4 South. To the east is agricultural land.
The Seller is not aware of any environmental concerns with the property. However, the Buyer is responsible for any further investigations as part of their due diligence to determine their satisfaction with the property’s environmental status.
The building(s) was constructed in 1967, 1983 & 1997, according to the Saskatchewan Assessment Management Agency (SAMA) records. Building Design Formerly an agricultural implementation dealership property. Currently the front portion is used as office space, while the rear is warehouse space and farm equipment workshop/ storage.
Building Size & Site Cover
The building footprint/ gross building area is 16,800 square feet in size, which results in a site cover (building-to-site ratio) of 10.33%.
The property contains 4,200 square feet of office space at the front of the building and 12,600 square feet of warehouse space at the rear. Original building was constructed in 1967. There was an addition to the display area at the front of the building in 1983 and an addition to the shop in 1997. The office area is 60’ x 70’ = 4,200 square feet. The south portion of the shop (original) is 60’ x 110’ = 6,600 square feet. The north portion of the shop (addition) is 100’ x 60’ = 6,000 square feet of which 1,200 square feet has a side wall height of 10’and 4,800 square feet has a side wall height of 19 feet.
The foundation is assumed to be concrete grade beam/ slab.
Exterior Finish/ Superstructure
The building is mainly a steel frame structure but there is a 1,200 square foot portion of the building that is wood frame building. This wood frame area is developed with parts storage and staff room, has a 10’ sidewall height, and connects the north and south warehouses. The office has a 12’ sidewall height, south warehouse (original) has a sidewall height of 16’ and the north warehouse has a side wall height of 18’. The subject has metal panel exterior and several dents were noted around the overhead doors. The south shop (original) has three overhead doors: 14 feet high by 16 feet wide facing south, 14 feet high by 24 feet wide facing east, and 10 feet high by 12 feet wide facing north. The north shop (addition) has one overhead door that is 16 feet high by 28 feet wide. Windows are dual glaze PVC casements.
The building has a pitched roof with a metal roof cover. The owner states that the roof is in decent condition but does have a couple leaks if it rains very heavy.
Electrical & Lighting
The building has single phase electrical with a 600 amp main breaker panel with sub panels throughout and underground power lines to the building. There is fluorescent lighting throughout the building.
Heating & Cooling
The building has a natural gas, forced air furnace with air conditioning for the office areas. The south warehouse (original) area a mix of four overhead natural gas unit heaters and in-floor heat via a natural gas boiler in the most eastern portion. The north warehouse (addition) has natural gas fueled overhead radiant heaters. Note that there is an electric baseboard heater in the staff room of the office area and in the two-piece warehouse washroom. Not all overhead furnaces are working properly.
The building has a two-piece washroom in the office area and 2 two-piece washrooms in the warehouse area, a double sink in the staff room, and a janitor closet off the hall. There is a 40 US gallon hot water tank that is newer (2007). The building has standard ABS and copper plumbing lines.
The offices areas have a mixture of carpet and vinyl tile floor. Exposed concrete flooring in the warehouse area. There is painted gyproc walls and suspended t-bar ceilings throughout the office areas. The south warehouse (original) has exposed foil back insulation and metal panel on the bottom half of the walls and foil back insulation ceiling. The north warehouse (addition) has metal panel walls and ceiling cover.
Note that the warehouse spaces have floor drains and exhaust as well as ceiling fans.
ASSESSMENT AND TAXES
$427,600 Total Taxable Assessment
$13,602 Tax Levy (2019)