NOT SOLD (BIDDING OVER)
0.00CAD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2024 Sep 10 @ 11:05UTC-6 : CST/MDT
Real Estate:
Thank You for participating in this Auction Place Ltd. Real Estate Auction. Please familiarize yourself with the terms and conditions of this auction.
The Property is sold “AS IS WHERE IS” with no conditions such as financing, building inspection, environmental or RPR, or other contingencies to sale.
The On-Line Timed Auction will start Pre-Bidding on Friday July 19 at 10 am and Conclude with a “soft close” at 11.00 am on Tuesday Sept.10 2024.
Commercial Property in Downtown Ponoka
Address: 5113 50 Ave. Ponoka
Description:
Here is a chance to own a large (7986 sq.ft) commercial building down town Ponoka right in the heart of Central Alberta. You can also make a resident in the second level of this building, so you can work and live here. Or make a rental unit in here. (condition is you need to have 1 parking spot per rental unit) This property has many potential uses including retail, warehousing, office space or a new business you see potential in. Consisting of a large open showroom front area with two upgraded washrooms and kitchen! There is an office as well as large reception desk in the main area. The East side of the building has a driveway that is open from the front street to the back alley and has a shipping receiving area in the back with lots of storage and an over head door. The back area of the building includes large storage lockers as well was two mezzanines. There are two upper offices/storage areas creating a variety of spaces to suit your creativity and business needs. Some of the other upgrades include LED overhead lighting, metal around the top of the building and new paint on the outside, a new commercial heater 2023, newer window, electrical work and indoor storage units.
Build in 1972, by Revelstoke
Cinder block Construction, Open Concept, with Huge Cedar Beams, gives this building a lot of potential uses and a seamless blend of style and professional appearance
Building Type: Commercial Mix
Land Size: Unknown
Zoning Description: C1
Auction Location:
5113 50 Ave., Ponoka, Alberta, Canada
Previewing Details:
By Appointment: Just give Dwayne a call: 780-887-3864
GST 5%
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
10% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
Real Estate:
Thank You for participating in this Auction Place Ltd. Real Estate Auction. Please familiarize yourself with the terms and conditions of this auction.
The Property is sold “AS IS WHERE IS” with no conditions such as financing, building inspection,
environmental or RPR, or other contingencies to sale.
The On-Line Timed Auction will start on Friday July 19 at 10 am and Conclude with a “soft close” at 11.00 am on Tuesday Sept. 10 2024.
In the event a bid is received within 5 minutes of the closing time and additional 5 minute will be
added to the sale and will continue as such until a five- minute interval has been reached without
any bidding taking place
42.All the Above Terms and Conditions (1-41) and also the Following Terms and Conditions:
43.Winning Bid is Subject To Owners Approval
44..All real estate, and real estate lots are sold AS -IS, without any warranty, or guarantees of any kind ,
whatsoever. It is solely the bidder’s / buyer’s complete responsibility to perform any, and all due diligence
pre auction. All due diligence, to include, but not limited to, structure, land content & acreage, lot sizes,
dwelling, building, quality, deed descriptions, boundary and property lines, taxes, wetlands,
contamination, any and all items. Sold AS - IS.
The Buyers Finance is to be all in order before the auction.
45.Sale is Final.
46.The successful Bidder will be required to complete an unconditional Offer to Purchase Contract
within 24 hours of the conclusion of the Auction.
47.The Signed Offer is to be accompanied by a 5% Deposit in form of a Bank Draft. Both Offer and Deposit
are to be received within 24 Hours of the Conclusion of the Auction. Deposit will be held in Trust with
Auction Place Ltd.
Once the offer is accepted the 5% deposit is non-refundable and forms part of the purchase price.
Deposit and Unconditional Offer Contract to be signed at Auction Place Ltd in Ponoka, AB
Completion and closing of the real estate transaction will be handled by the Seller’s Lawyer. Mr.
Brady Gabert, Elevation Law in Rocky Mountain House.
The Purchaser can share Mr. Brady Gabert at elevation Law or retain the services of a lawyer to
complete the transaction, to ensure the purchase is executed by the closing date. (“Completion
Day”) The Purchaser and the Seller shall be responsible for their own legal fees.
The Remaining of the Purchase Price needs to be deposited before the closing date Nov. 10 2024, at
Elevation Law ,Mr. Brady Gabert.
Address: #101 5133 49th Street, Rocky Mountain House AB, T4T 1B8
403-845-2545
48.Sellers will purchase a Title Insurance
49.Possesion Date is noon, Nov. 10 2024
50.In line with the auction's parameters, all offers must be unconditional, underscoring the
seriousness of intent.
51.Financial Documentation:
Once registered to bid, a request for financial pre-approval will be requested via email.
52.Solidifying Transaction:
Both Purchaser and Vendor must sign an unconditional offer contract. No bidder may retract a bid once
made and accepted.
53. Property Information:
The property information is based on third-party sources, and Auction Place Ltd cannot guarantee
accuracy. Buyers are advised to confirm the property's suitability for their intended use.
54.The 5% GST where applicable will be added to the final purchase price
55. Liability Release:
Auction Place Ltd. will not be held responsible for any injuries sustained by individuals while inspecting
the land or during the sale. By registering, participants release Auction Place Ltd. from any legal or
financial encumbrances.
56.Force Majeure:
In the event of a situation beyond our control (e.g., power outage, cellular provider issues, internet
connection failure), Auction Place Ltd reserves the right to delay the auction closing until issues are
resolved. Additionally, Auction Place Ltd reserves the right to reopen bids on lots that closed during the
issue. The best interests of both sellers and buyers will be prioritized in such situations.
57. Notification to Successful Bidders:
Successful highest bidders will be notified of their success at the sale's expiration and contacted by email
after the sale. The email will provide information on the process for delivering the signed Unconditional
Offer Contract and the deposit amount.
58. Non Completion:
Balance and Possession on Nov. 10 2024, If Balance is not received, from the Buyer by 12 o'clock noon Nov. 10 2024
the Deposit will be forfeited as Liquidation Damages to Auction Place Ltd and The Seller.
59.10 % Buyer's premium rate charged, to a Maximum of $800.00 per item
60. Acknowledgment by Bidders:
Bidders confirm they have had the opportunity for independent legal advice, fully understand the
transaction, bid freely and voluntarily, and bid for their benefit.
61.By Registering for this auction with Auction Place Ltd, you accept and agree to be legally
bound by all of the terms and conditions as indicated above
1.Auction Place Ltd. (Auctioneers) hereby grants to the online account holder or party whose signature appears on the Bidder's Registration Agreement (Bidder), the right to use the number shown hereby for the purpose of bidding at an auction sale to be conducted by Auctioneers. Such right is granted at the Auctioneer's sole discretion and may be revoked at any time.
2. Bidder acknowledges he or she has received, read and understands these terms as listed, and agrees to comply with and be bound by such.
3. The Auction will be conducted by offering in the terms by lot (Lot), either individually or in groups. The Bidder offering the highest bid accepted by the Auctioneers shall be the purchaser (Purchaser) of the offered Lot.
Purchaser accepts a Lot when he or she makes a bid. All sales are final.
4. Bidder, whether acting as principal, agent, officer or director of a company or otherwise, in any capacity whatsoever, and the company he or she represents, both jointly and severally, agree: (a) to indemnify and save harmless Auctioneers and its Consignors from any and all actions, causes of action, suits, damages, costs and losses of any nature, arising from the attendance or participation of Bidder, his or her agents or employees, at the auction sale and/or on the auction site whether before, during or after the auction sale; and (b) to be responsible for the payment of the purchase price and taxes due on all Bidder's purchases.
5. Some items in the Auction may be subject to a Reserve.
6. The Bidder grants to the Auctioneers a security interest in the Purchases, to secure payment of the purchase price. In the event of non-payment, the Auctioneers may proceed to file the Bidder Registration Agreement as a financing statement to perfect the security interest granted by this Security Agreement.
7. There shall be no guarantees or warranties, expressed or implied, statutory or otherwise of any nature whatsoever in respect of the Lots offered at the auction. Each and every Lot will be sold "as is where is". Specifically, but without limitation, Auctioneers make no representation or warranty that any of the Lots: (a) conform to any standard in respect of safety, pollution or hazardous material or to any standard or requirement of any applicable authority, law or regulation, or (b) are fit for any particular purpose, or (c) are merchantable or financeable, or (d) are of any particular age, year of manufacture, model, make or condition. Bidder agrees he or she has satisfied him or herself and is not relying on Auctioneers, nor are Auctioneers liable, for any matter in respect of the above. Bidder further agrees to repay, at his or her cost, any Lot purchased at the auction to a safe operating condition and, without limitation, to a condition that meets any standard or requirement of any applicable authority, law or regulation, including those concerning any use to which the Lot may be put.
8. Bidder acknowledges that an auction site is a potentially dangerous place. Flammable, noxious, corrosive, and pressurized substances are present, heavy equipment is being operated and electricity may be live. Every person at the auction site, at any time, shall be there at his or her own risk with notice of the condition of the premises and the activities thereon, and Bidder shall advise his or her agents and employees. No person shall have any claim against Auctioneers, their agents and employees, Consignors, Principals for any injuries sustained, nor for damages to or loss of property which may occur from any cause whatsoever.
9. Auctioneers may, at any time, at their sole discretion and without notice or liability to Bidder: (a) withdraw or cancel the sale of any Lot, or (b) offer any Lots in groups or with privilege.
10. Any dispute arising as to any bidding shall be settled by Auctioneers at their sole discretion, and Auctioneers may put the Lot in dispute up for sale again. Auctioneers reserve the right to refuse any bid that they consider to be an insignificant advance over the preceding bid.
11. Purchases become the responsibility of, and shall be at the risk of, the Purchaser upon acceptance of his or her bid. It shall be the responsibility of the Purchaser to insure his or her purchases immediately. Auctioneers shall not be responsible for loss or damage to any Purchase. 12. Purchaser shall not be entitled to possession of any of his or her Purchases until the total purchase price of all his or her Purchases, including all applicable goods, sales or use taxes, has been fully paid. In the event Purchaser fails to comply with any Terms, Auctioneers, at their sole discretion, have the right to resell such Purchases by public or private sale without notice to Purchaser. Should Auctioneers resell any Purchase, the net proceeds therefrom (after deducting commissions of 10-25% of any costs) shall be credited to the original Purchaser's account and the original Purchaser shall forthwith upon demand pay Auctioneers, as damages, any deficiency arising from the resale.
13. All purchases must be removed from the auction site within the time announced or posted at the auction site and all costs, responsibility and risk of such removal shall be borne by the Purchaser. Purchaser shall use prudence in effecting such removal. Auctioneers reserve the right to require proof of adequate insurance coverage from any Purchaser for Purchases requiring dismantling, rigging or hot cutting. Purchaser agrees to indemnify and save harmless both Consignor and Auctioneers against any damage caused by the act of Purchaser and/or his or her agents in connection with the dismantling or removal of any Purchase. If for any reason Purchaser fails to remove and store the said Purchase at Purchaser's sole risk and expense, Purchaser shall be liable for any rent incurred or damages suffered by Auctioneers because of Purchaser's failure to remove any Purchase.
14. Bidder acknowledges that all Lots were available for inspection prior to the Auction and that it is his or her responsibility to inspect all equipment and to make his or her own inquiries prior to bidding. 15. If, for any reason, Auctioneers are unable to make available or deliver any Purchase or clear title to same, or documentation required in respect of any Purchase, whether before or after delivery, the Auctioneers sole liability, if any, shall be the return of monies paid in respect of such purchase upon its return by Purchaser. Any such Purchase shall be returned or surrendered upon demand by Auctioneers.
16. Interest on overdue amounts will be paid by Purchaser at a rate of 18% per annum or at such other maximum rate as allowed by law, together with any legal or collection costs incurred by Auctioneers.
17. Upon Purchasers arranging for and assuming all risk and costs associated therewith to Auctioneers' satisfaction, Auctioneers will ship Purchases to, and give physical possession at a destination specified by Purchaser.
18. All Successful Bidders are subject to pay an Online Service Charge as follows: 10% up to a maximum of $800.- per item plus GST if applicable.
19. A 3% Administration Fee will be charged on any credit card payment.
20. Technologies - The bidders acknowledge that the auctioneer cannot guarantee the continuous and/or secure operation or access to any "online" technologies. All technologies are subject to, but not limited to, failure, outages and/or delays. The auctioneer will not be held liable for any claims and/or alleged losses related to the use of any technologies or processes used in the auction.
21. These are the complete Terms and may not be amended except by agreement in writing signed by the Auctioneers and the respective Purchaser.
22. Bidder inspection is encouraged.
23. No Returns
24. By placing a bid, the bidder signifies that they have examined the items to their satisfaction, or that they have chosen not to personally examine them.
25.All items are sold as-is, where is, and lie at the purchaser's risk immediately.
26.The items have been displayed and each purchaser shall be held to have satisfied him/herself as to condition, identity and authenticity and shall not be entitled to make any objection after the sale whatsoever.
27. On-line buyers be aware that although you have placed pre-bids, sometimes your bid comes in too late and your item might be sold to a floor bidder.
28.The auctioneer reserves the right to reject any bid at his/her sole discretion.
29.Applicable taxes 5% gst
30.10 % Buyer's premium rate charged, to a Maximum of $800.00 per item
31.When using Credit card there will be a 3% Fee Charged
32.We accept Cash, debit , E-transfer, Wire Transfer, Certified Cheque and Credit Card.
33.All purchases must be settled for in full on sale day or within 1 day after the sale. All internet buyers will receive an invoice regarding their purchases. The credit card on file will be charged for the amount owing on the Sun. after the sale.
34.When the internet buyers have not made arrangements for pick-up after 2 days. Auction Place will have the right to sell the item again and proceeds will go to Auction Place Ltd, to cover handling
35.All purchases must be picked up within 48 hours after sale day.
36.If the buyer wants us to ship it, there will be a minimum $20.-/Box Handling Fee applicable.
37.Buyer is responsible for shipping Cost and Handling Fee. Auction Place ltd. is not responsible for any damages during shipping.
Contact us for Shipping Options.
38.Listing is Subject to additions and deletions.
39.Some items in the Auction may be subject to a Reserve
40.By Registering for this auction with Auction Place Ltd, you accept and agree to be legally bound by all of the terms and conditions as indicated above.
41.By Registering with Auction Place Ltd you agree to receive informative and promotional emails.
Real Estate:
Thank You for participating in this Auction Place Ltd. Real Estate Auction. Please familiarize yourself with the terms and conditions of this auction.
The Property is sold “AS IS WHERE IS” with no conditions such as financing, building inspection, environmental or RPR, or other contingencies to sale.
The On-Line Timed Auction will start Pre-Bidding on Friday July 19 at 10.00 am. and Conclude with a “soft close” at 11.00 am on Tuesday Sept. 10 2024.
In the event a bid is received within 5 minutes of the closing time and additional 5 minute will be added to the sale and will continue as such until a five- minute interval has been reached without any bidding taking place
42.All the Above Terms and Conditions (1-41) and also the Following Terms and Conditions:
43.Winning Bid is Subject To Owners Approval
44..All real estate, and real estate lots are sold AS -IS, without any warranty, or guarantees of any kind , whatsoever. It is solely the bidder’s / buyer’s complete responsibility to perform any, and all due diligence pre auction. All due diligence, to include, but not limited to, structure, land content & acreage, lot sizes, dwelling, building, quality, deed descriptions, boundary and property lines, taxes, wetlands, contamination, any and all items. Sold AS - IS.
The Buyers Finance is to be all in order before the auction.
45.Sale is Final.
46.The successful Bidder will be required to complete an unconditional Offer to Purchase Contract within 24 hours of the conclusion of the Auction.
47.The Signed Offer is to be accompanied by a 5% Deposit in form of a Bank Draft. Both Offer and Deposit are to be received within 24 Hours of the Conclusion of the Auction. Deposit will be held in Trust with Auction Place Ltd.
Once the offer is accepted the 5% deposit is non-refundable and forms part of the purchase price.
Deposit and Unconditional Offer Contract to be signed at Auction Place Ltd in Ponoka, AB
Completion and closing of the real estate transaction will be handled by the Seller’s Lawyer. Mr. Brady Gabert, Elevation Law in Rocky Mountain House.
The Purchaser can share Mr. Brady Gabert at elevation Law or retain the services of a lawyer to complete the transaction, to ensure the purchase is executed by the closing date. (“Completion Day”) The Purchaser and the Seller shall be responsible for their own legal fees.
The Remaining of the Purchase Price needs to be deposited before the possession date Oct. 15 2024, at Elevation Law ,Mr. Brady Gabert.
Address: #101 5133 49th Street, Rocky Mountain House AB, T4T 1B8
403-845-2545
48.Sellers will purchase a Title Insurance
49.Possesion Date is 12.00 o'clock NOON Nov. 10 2024
50.In line with the auction's parameters, all offers must be unconditional, underscoring the seriousness of intent.
51.Financial Documentation:
Once registered to bid, a request for financial pre-approval will be requested via email.
52.Solidifying Transaction:
Both Purchaser and Vendor must sign an unconditional offer contract. No bidder may retract a bid once made and accepted.
53. Property Information:
The property information is based on third-party sources, and Auction Place Ltd cannot guarantee accuracy. Buyers are advised to confirm the property's suitability for their intended use.
54.The 5% GST where applicable will be added to the final purchase price
55. Liability Release:
Auction Place Ltd. will not be held responsible for any injuries sustained by individuals while inspecting the land or during the sale. By registering, participants release Auction Place Ltd. from any legal or financial encumbrances.
56.Force Majeure:
In the event of a situation beyond our control (e.g., power outage, cellular provider issues, internet connection failure), Auction Place Ltd reserves the right to delay the auction closing until issues are resolved. Additionally, Auction Place Ltd reserves the right to reopen bids on lots that closed during the issue. The best interests of both sellers and buyers will be prioritized in such situations.
57. Notification to Successful Bidders:
Successful highest bidders will be notified of their success at the sale's expiration and contacted by email after the sale. The email will provide information on the process for delivering the signed Unconditional Offer Contract and the deposit amount.
58. Non Completion:
Balance and Possession AT 12.00 o'clock noon on Oct. 10, If Balance is not received, from the Buyer by Oct. 10 2024 the Deposit will be forfeited as Liquidation Damages to Auction Place Ltd and The Seller.
59.10 % Buyer's premium rate charged, to a Maximum of $800.00 per item
60. Acknowledgment by Bidders:
Bidders confirm they have had the opportunity for independent legal advice, fully understand the transaction, bid freely and voluntarily, and bid for their benefit.
61.By Registering for this auction with Auction Place Ltd, you accept and agree to be legally bound by all of the terms and conditions as indicated above.
Unconditional Offer to Purchase Contract
PREPARED BY: Auction Place Ltd.
_________________________________________________________________
DATE OF OFFER:
_________________________________________________________________
SELLER: ______________________________
SELLER: ______________________________
ADDRESS: ______________________________
PHONE: ______________________________
Resident of Canada:
Non-Resident of Canada:
As defined under the Income Tax Act
BUYER: ____________________________
BUYER: ____________________________
ADDRESS: ____________________________
PHONE: ___________________________
PROPERTY:
Address:5113 50 Ave. Ponoka, AB
Legal Description: lot 21, blOCK, 7 plan 9920730 (the “Property”)
The Buyer agrees to purchase the Property from the Seller
:
1. PURCHASE PRICE: The purchase price of the Property will be
___________________________________________DOLLARS ($___________________)
(the “Purchase Price”)
2. DEPOSIT: A deposit of 5%, non refundable, of the Winning Bid, $____________ which will
form part of the Purchase Price, will be paid on the next day after the auction:. Sept. 11 2024
All monies paid pursuant to this section (Deposit) will be delivered to Auction Place Ltd and held
in trust. Auction Place will transfer the deposit (after the commission has been subtracted) to
Elevation Law, Mr. Brady Gabert.
The full amount of the Deposit is part of the Purchase Price.
Buyers Premium of 10% to a Maximum of $800.- / item
3. TERMS AND CONDITIONS: THIS IS AN UNCONDITIONAL OFFER.
4. COMPLETION: The sale will be completed on or before 12.00 o’clock noon, Oct. 10, 2024
(Completion Date) at the appropriate Land Title Office.
5. POSSESSION: The Buyer will have vacant possession of the Property at 12 o'clock noon on
Oct. 10 2024 (Possession Date)
6. ADJUSTMENTS: The Buyer will assume and pay all taxes, rates, local improvement
assessments, fuel, utilities and other charges from and including the date set for adjustments
and all adjustments, both incoming and outgoing of whatsoever nature will be made as of 12.00
o’clock noon Oct. 10 2024
(Adjustment Date).
7. INCLUDED ITEMS: THE PURCHASE PRICE INCLUDES: Appliances: Fridge, Stove, Dishwasher.
8. TITLE: The Title shall be free and clear of all financial encumbrances except those implied by
law including easements, utility rights-of way-, restrictive covenants and conditions that are
normally found against property of this nature.
9. TENDER: Tender or payment of monies by the Buyer to the Elevation Law Office Rocky
Mountain House, Mr. Brady Gabert, will be by certified cheque, bank draft, cash or lawyer's
trust cheque.
10. Non Completion:
Balance and Possession at 12 o’clock noon on Oct. 10 2024 , If Balance is not received, from
the Buyer at 12 o’clock noon on Oct. 10 2024 the Deposit will be forfeited as Liquidation Damages to
Auction Place ltd and Seller.
11. RISK: All buildings on the Property and all other items included in the purchase and sale will
be and remain at the risk of the Seller until 12:00 o’clock noon on the Completion Date. After
that time, the Property and all included items will be at the risk of the Buyer.
12. Property is sold AS -IS, without any warranty, or guarantees of any kind , whatsoever. It is solely the
bidder’s / buyer’s complete responsibility to perform any, and all due diligence pre auction. All due
diligence, to include, but not limited to, structure, land content & acreage, lot sizes, dwelling, building,
quality, deed descriptions, boundary and property lines, taxes, wetlands, contamination, any and all items.
Sold AS - IS.
13. Seller is Purchasing Title Insurance for this property.
14. PERSONAL INFORMATION: The Buyer and Seller hereby consent to the collection, use
and disclosure by the Buyer’s and Seller’s Lawyers and to their agents and employees, of
personal information about the Buyer and Seller for all purposes consistent with the transaction
contemplated herein.
15. THIS IS A LEGAL DOCUMENT. READ THIS ENTIRE DOCUMENT BEFORE YOU SIGN.
17. OFFER: This offer,______________________, 20___, shall be a binding Contract of
Unconditional Offer to Purchase Contract.
Witness
(Buyer)
Witness
(Buyer)
18. ACCEPTANCE: The Seller hereby accepts the above offer and agrees to complete the sale
upon the terms set out above.
Seller’s acceptance is dated _________________________
Witness
(Seller)
Witness
(Seller