On-Line Real Estate Auction Sale

Starts Opening June 16th, 2023 & Closes on June 20th, 2023

Location:  101 Hwy 13 West, Alder Flats, Alberta

Investment Opportunity

Legal:  Plan 1057HW, Blk 1, Lot 4

Mixed Used Commercial/Residential Zoned 3 Unit Building on a 0.12 Acre Lot & Liquor Store Business for Sale!

Located in the Growing, Rural Hamlet of Alder Flats in West Central Alberta with Primary Highway Frontage.  Just Steps Away from Crown Land which keeps Hunters, Campers & Nature Enthusiast coming through.  Also a Very Well Established Clientele of Local Residents, Businesses & Community Organizations over the Last 25 Years that keeps the Inventory Moving and the Business Profitable!

The Building Houses a 3 Bedroom, 2 Story Apartment, Canada Post & the Only Liquor Store in Town!  The Apartment Boast 900 Sq Ft of Living Space complete with a Fully Custom Oat Kitchen with Ample Cabinets & Storage, a Roomy Open Living Area & an Oversized 4 Pce Bedroom with Laundry.  There is a Spacious Master Bedroom with a Double Wide Closet & 2 Smaller Bedrooms that could Serve as an Office/Craft Room etc.   Appliance included with the sale are: Refrigerator, Stove, Washer & Dryer.  The Newly Fenced in Back Yard has Ample Room for a Green House & Numerous Garden Boxes if you so Desire.  Detached One & a Half Car Garage (18'x26') with a New Roof & New Insulated Roll Up Door.  

Canada Post has a Current Lease on its Separate 492 Sq Ft Space & the Lease will be Transferred to the New Buyer.  

Highway Front 525 Sq Ft Retail Store Space is Well Established with a 195 Sq Ft Walk in Cooler, which was Serviced & Inspect in August of 2022.  The Back of the Store holds an Office, Washroom & a 144 Sq Ft Storage Room for Excess Inventory.  Two Security Systems with 6 Cameras (Security Contract to be Transfer), all Shelving, Till, Pop Coolers & a Deep Freeze all Come with the Building.  

Recent Upgrades to the Building include:  New Foundation, Roof, HVAC System with High Efficiency Zone Controlled Furnace, A New water Pump 6 Years Ago, as well as many Cosmetic Upgrades to the Interior.  

Property has its Own Independent Water Well & is tied into the Town Septic System.  

Taxes in 2022 were $1,426.62.00

The Property Sells with a 30 Day Possession, with a Possible Extension to Allow for AGLC Licensing for the Purchaser or the Previous Owners to Clear out the Inventory.  Liquor Inventory is over and above the cost of the purchase price (Estimated to be $40,000 to $45,000).  Sellers will Assist with the Transition if the Purchaser Wishes to Keep the Retail Space as a Liquor Store.  Financials can be provided to pre-qualified buyers who sign a NDA.  

For More Information or to Book a Viewing contact:   

Kim Hughes (Realtor) - (403) 704-3141

Allen B. Olson (Auctioneer) - (403) 783-0556

Justin Janke (Sales Rep) - (780) 515-0888

Cindy Hodge (Seller) - (780) 838-9263

Sale of the Property is Subject to Owners Approval if the Property is under $200,000.00.  Any Amount Over $200,000 will Result in the Property Being Sold Completely Unreserved.  

Real Estate Transactions are being Handled by Morrison Realty - Kim Hughes (403) 704-3141 & Allen Olson (403) 783-0556

Real Estate Terms & Conditions:  10 % Down on Sale Day.  Balance & Possession on or before July 20th, 2023.  If Balance is NOT RECEIVED by July 20th, 2023 the Deposit will be Forfeited as Liquidation Damages.  All measurements are approximate and need to be verified by the purchaser.  Online Bidding Fees Apply - 3% up to a Max. of $800.00 per Item.  

Allen B. Olson Auction Service Ltd.

Rimbey & Hwy #16 East, Alberta

License No. 165690

(403) 843-2747 Sale Site

1 (855) 783-0556 Toll Free

E-mail:  abolson@telusplanet.net

Homepage:  allenolsonauction.com