Description
Description
ONLINE AUCTION ENDING Thursday, March 23rd, 2023 5:00PM
We have received confirmation from an Ameren representative as well as the contract holder that this project is indeed in the MISO Queue and there is a signed contract in place for all buyers to review after signing an NDA. Contact Land Agent Luke Mitchell for specifics (573) 541-1232
High Point Land Company is honored to represent the Clifford & Dullie L. Watt Revocable Living Trust in Warren County, Missouri. This 117.03 +/- acre tract is located just 10 miles outside of Warrenton on State Highway A. This property features a house, two barns, a nice pond and substantial potential annual income. Contracted out for a minimum of 25 years with the option to extend the lease by the solar companies for another 25 years. The solar contracts will transfer to the new buyer(s) of this land and has the potential to bring in hundreds of thousands of dollars over the life of the contracts if project is completed. There is also a payment for the entire option period, please see contract with Land Agent for details.
Auction Date: March 23rd, 2023
Auction End Time: 5:00 PM
Auction Location: Online Only (Highpointlandcompany.com)
Auction Location Address: 35234 State Highway A Warrenton, Missouri
Sale Method: The farm shall be offered in one tract
Farm Lease: Cropland tenancy is open for 2023. Full Possession date of closing.
Survey: No survey provided
Purchase Agreement: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with the seller's attorney the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer obtaining financing.
Earnest Money: 10% earnest money payment is required on the day of the auction. All funds will be held in the sellers' attorney trust account. Remaining balance will be due at closing. Earnest money is non refundable in the event the buyer is not able to successfully close.
Farm Possession: Buyer will receive full possession date of closing.
Farm Closing: April 24th, 2023 (30 days)
FSA Information: Call Land Agent Luke Mitchell for any FSA information or questions prior to the auction. Note all FSA information, maps and aerial images are estimated to the best knowledge of the seller and High Point Land Company. All information is subject to change.
Mineral Rights: All mineral rights owned by the seller will convey to the buyer.
Bidder Registration: All active bidders must be registered prior to bidding on the farm.
Terms and Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold "AS IS-WHERE IS" basis with no warranties or guarantees, either expressed or implied by the Seller or Broker.
Additional Information: Contact Luke for additional information on the solar contract.
Brief Legal Description - SEC/TWN/RNG/MER:SEC 14 TWN 48N RNG 03W SEC 14 TWP 48 RNG 3 E/SE SENE
Solar Field:
1. 2023 crop lease is open
2. Lease until the construction is started is $20.
3. Beginnings stages of building will be spring 2024 paying $150 per acre
4. Completion date is set to be in 2025 Will pay $900 an acre for 91.83 +/- acres and $40 an acre for 25.20 +/- outside of the fence
5. The county requires at least a 6 foot fence around the solar panels.
6. The contract can't be bought out and they fully intend on moving forward with the project.
