Bentley Continental
Sold on March 7, 2022
from 4:00 PM to 4:00 PM UTC
Location
Gull Lake, AB
Sale Size
7 Parcels, 1 En Bloc
Final
$220K - $2.59M
As the name connotes, Bentley Continental V8 is made up of eight truly superlative quarter sections of farmland land located just west of Gull Lake, Alberta. The combination of top quality soil and being situated in an area known for consistent rainfall, means it does not get any better. Don';t buy now: wait for March 7th and buy your Bentley.
As the name connotes, Bentley Continental V8 is made up of eight truly superlative quarter sections of farmland land located just west of Gull Lake, Alberta. The combination of top quality soil and being situated in an area known for consistent rainfall, means it does not get any better. Don';t buy now: wait for March 7th and buy your Bentley.
Available Parcels
Parcel Name Parcel 1 | Parcel Size 153 ± Acres | Final $1,290,000 | View Details & Offer |
Parcel Name Parcel 2 | Parcel Size 313 ± Acres | Final $1,780,000 | View Details & Offer |
Parcel Name Parcel 3 | Parcel Size 155 ± Acres | Final $1,230,000 | View Details & Offer |
Parcel Name Parcel 4 | Parcel Size 271 ± Acres | Final $2,590,000 | View Details & Offer |
Parcel Name Parcel 5 | Parcel Size 154 ± Acres | Final $1,800,000 | View Details & Offer |
Parcel Name Parcel 6 | Parcel Size 141 ± Acers | Final $1,880,000 | View Details & Offer |
Parcel Name Parcel 7 | Parcel Size 7 ± Acres | Final $220,000 | View Details & Offer |
En Bloc Name Parcel 8 | En Bloc Size | Final $400,000 | View En Bloc |
Sale Description
Click here for directions to: Parcel 1, Parcel 2, Parcel 3, Parcel 4, Parcel 5, Parcel 6, and Parcel 7.
Click here to view the details for the 'en bloc'.
Click here to view the specific details in the Offers to Purchase for Parcel 1, Parcel 2, Parcel 3, Parcel 4, Parcel 5, Parcel 6, Parcel 7 and Parcel 8.
Click here to view the Surface Lease Revenue on Parcel 1, Parcel 2 and Parcel 5.
‘Bentley Continental V8’ has its origins in Continental Europe after World War II, when the Hansen’s left Denmark intent to start a new life for the family in Western Canada. Part of that dream was to offer the two young boys the opportunity to assemble a significant agricultural land base of their own down the road. That road eventually led to the Bentley area of Alberta, where a Danish dream became a Canadian reality. To many, the word Bentley is associated with the utmost of quality as Rolls Royce was the original manufacturer of the Bentley Continental automobile. This is not unlike the association that Western Canadian farmers make when they hear of farms in the Bentley area of Central Alberta. Farmers fortunate enough to call the Bentley area home know the benefit of having access to some of the best farmland in Alberta better than anyone. Not only are there major markets in the area, but it is also known for its favourable weather. The term “Bentley Privilege” is a humble acknowledgement that local farmers continue to have the privilege of reaping the rewards of the area chosen by their European forefathers.
‘Bentley Continental V8’ takes you on a drive through two of Alberta’s premier agricultural counties. PARCEL 1 is located on the northern edge of the Hansen farm in Ponoka County. This Parcel has an acreage out and has 133 acres under cultivation. The quarter is well-drained, with the southern exposure offering up unlimited cropping options. Parcel 1 speaks of quality 24/7. If you are into growing peas, the lack of rocks on this Parcel, as well as all other ‘Bentley Continental V8’ Parcels, is sure to spark your interest.
PARCEL 2 takes you across the road into Lacombe County and is where Martin Hansen called home. This Parcel contains three titles, including a separate title to the home residence and yard. Secondary power service is provided to the bin yard just north of the farmstead. All flat bottom bins will be sold as part of the Parcel. Several bins are equipped with aeration ducting and some have power cleanouts as well. Outbuildings include a steel Quonset with a dirt floor. A well on the acreage services the residence as well as the corral area. A grain farmer may want to buy the Parcel and sell off the acreage. A mixed farmer may want to seize the opportunity to set up a family member in an updated residence in the mature yard site and run livestock on the half-section. One only must look at the quarter directly across the fence to the west of this half section to see what a bit of drainage work and clean up could turn this half section into. With the home half being set up for cattle currently, only 117 acres are under cultivation; however, a new owner could increase arable acres significantly in short order. In a year or two, this could easily be seen as the buy of the day when ‘Bentley Continental V8’ takes its final drive on March 7th.
PARCEL 3 is across the road from the homeplace and made up of just over 120 arable acres. Like its twin, Parcel 1 – which is kitty-corner and to the Northwest, this quarter is well-drained and highly fertile. Like all other farmland forming part of ‘Bentley Continental V8,’ this land is sure to consistently produce some of the highest net returns of any dryland agricultural land in Western Canada. As the saying goes, you can never pay too little for poor land and too much for great land.
PARCEL 4 is located along the southwest perimeter of the farm adjacent to Highway 20. This Parcel offers 2 titles and is made up of 240 cultivated acres. South-sloping and well-drained, this large Parcel checks all the boxes for some of the best farmland in Lacombe County. A buyer may want to investigate the possibility of buying the Parcel and subdividing off that showcase 35-acre estate situated on highway 20 with a location south of the natural divide.
PARCEL 5 is located just across the road to the east and boasts 138 cultivated acres and a north/south windbreak divide between the 2 fields. The quarter has a subdivision out which will be selling as Parcel 7. The two fields making up this Parcel are open from corner to corner. Set the GPS after the turn at the top, and you will have ample time to do the math on the iPhone as to what a 62-bushel canola crop at today's prices will bring in the fall.
‘Bentley Continental V8’ must be driven to be appreciated; however, when it comes to PARCEL 6, we recommend parking upon arrival and walking at a slow pace. Perhaps take a chair and sit on the upper plateau and take in the 270-degree panoramic views the quarter has to offer: a breathtaking parcel of land with views of Gull Lake to the east and farmland to both the north and south. Development is located across the road to the north and east. Even your banker will smile on this walk. It is as if the quarter itself was sculpted by nature for future development with its gradually descending benches down to the lake below. The Parcel contains 130.5 cultivated acres of some of the most unique farmland to be found anywhere in Canada. One only must query what the future holds for this quarter section; retire to the lake and build your dream estate with unreal views or consider investing with a view to recreational development at some point down the road.
PARCEL 7 is the subdivision out of Parcel 5 and is made up of 5.86 acres with an excellent stand of trees located less than a mile from the pavement of Highway 20. The acreage was formerly an old farmstead with expansive views to the south. The tenant will remove possessions prior to the Closing date on the acreage and anything left after closing goes with the land.
PARCEL 8 is the ‘en bloc' being offered for parties wishing to own the entire assemblage of Parcel 1-5. This is the alternate drive. A bidder wishing to own Parcel 1-5 inclusive can navigate the old road and simply be high on all Parcels or elect to try the new drive and upon meeting the requirements for ‘en bloc’ eligibility, bid the ‘en bloc' round at the conclusion of the sale. Using this route, parties missing out on being high on the first few Parcels sold can remain in the game and take all Parcels at the conclusion of the sale.
'Bentley Continental V8' is being offered for sale by way electronic tender by CLHbid.com. Check back for updates from time to time.
Bentley Continental is being offered for sale via online escalating tender by CLHbid.com. Check the website for updates from time to time. The property may be viewed by interested registered bidders. Please contact us by email at info@clhbid.com for an appointment. As a law firm, CLHbid never discloses bidder's names to any party, including the Seller. Only the successful buyer's name is ever disclosed to the Seller as part of the closing process.
Proven Results
from satisfied buyers
Frequently Asked Questions
There are existing auction platforms out there such as the ‘Iowa Auction’ that stop bidding after all individual parcels have received high bids. Then for round #2 of the auction they allow past as well as new bidders to ‘up the ante’ by bidding on the entire farm or ranch with a reserve bid set at the aggregate price just bid on all individual parcels in round #1.
After seeking input from many farmers and ranchers, most told us they didn’t feel a platform such as this was fair to bidders on individual parcels who in many cases have went to a lot of work to get pre-approved for financing etc. Farmers and ranchers also indicated they didn’t think it is fair for a large player to ‘lay in the weeds’ and not bid until after the initial round of bidding. They also told us that it would not be fair to allow a larger player to acquire the entire farm or ranch for only a few dollars more than the aggregate of the prior individual bids. Hence the rationale for the ‘premium bid’ amount for the ‘en bloc’ parcel at the conclusion of the auction.
At CLHbid.com, you as bidder only need to be high on a certain number (generally less than 50%) of parcels in order to have a chance to acquire the entire farm or ranch, whereas at national Auction firms you generally have to be high on 100% of the parcels in order acquire the entire ranch or farm.
Bidders have no knowledge of the identity of other bidders. Likewise, the Seller during the sale is not privy to who may be bidding or how many parcels someone may be ‘high on’. At CLHbid.com we set out to create a platform for the selling or leasing of agricultural land that was honest, fully transparent and offered no opportunity for bids to be shopped by the Seller. This is especially important wherein the Seller has final approval.
At CLHbid.com we have put safeguards in place in our CLHbid.com contract with our Seller to ensure the Seller deals only with the high bidder at the conclusion of bidding. During the timed auction itself, all back-end information is locked down including who is bidding or who is registered to bid. At the conclusion of the bidding, the Seller is privy only to the name of the high bidder on each parcel.
The minimum increment for bidding is set prior to each specific sale in consultation with the Seller. The increments are set having regard to the FMV of the parcel being sold with more expensive parcels generally having larger increments.
We have all been to live auctions where a quarter of land worth $500,000.00 starts at $100,000.00. The parcel is then bid up in large increments initially with the increments gradually decreasing in size as the bidding approaches the end. At CLHbid.com, given our predetermined minimum increments, we try and speed up the process by starting the bidding at what we see as a reasonable number to start serious bidding at, yet a number still below FMV.
In addition, given the ‘en bloc’ final parcel bidding option offered at CLHbid.com, we require a floor number for each individual parcel in the unlikely event a specific parcel doesn’t receive a bid, yet at the conclusion an eligible bidder wishes to bid on the entire farm or ranch. In such a case, the Starting Bid becomes the value to be used for that Parcel not receiving a bid when determining aggregate bids. It is important to note the Starting Bid is not a Reserve Bid.
PLEASE NOTE: Not all CLHbid.com sales have an ‘en bloc’. Please review the particulars of each sale for clarity.
No. The Seller waives their right to approve the sale if there is a bid on the ‘en bloc’.
This is really no different than in the tendering process wherein Tenders stipulate “any and all tenders will not necessarily be accepted”. One issue with tendering is the cost to put a tender in the paper is nominal and there is always a risk of the Seller perhaps just feeling out the market or wanting to know the names of the parties interested.
At CLHbid.com one of the paramount reasons for allowing the Seller final say is to alleviate the need for an expensive Guarantee to the auction house – expensive and seldom called upon yet often required by the Sellers bank. The Seller’s bank doesn’t require the Seller to purchase a Guarantee when using the CLHbid.com platform wherein the sale is at the Seller’s discretion.
CLHbid.com incurs significant marketing costs in the event the Seller fails to accept the high bid(s). The Seller is under contract with CLHbid.com and the contract references trigger values indicating when the right of the Seller to refuse a sale is taken away.
At CLHbid.com, our Sellers are fully invested in the process meaning the likelihood of a high bid not being accepted is extremely remote.
No. At CLHbid.com there is no advantage to waiting to bid. Our platform has a ‘refresh’ function on the clock such that any bid placed near the expiration of the timed sale will automatically re-set the clock adding additional minutes to the clock giving all parties (including the bidder that was just outbid) another opportunity to bid.
At CLHbid.com we take the human element out of the process. During the bidding process if you are high, you will receive an online notice saying you are High Bid. If you get outbid you will receive an online notice saying you were Outbid. Immediately upon expiration of the timed sale, the high bidder will receive an email indicating they were the HIGHEST BIDDER.
All emails are auto generated. The question cannot arise as to whether you were high or not or “was it shopped to someone they liked better” such as when tendering land.
No. The Starting Bid is just that. The first bid required for a Parcel is the Starting Bid and not some number above it. If you are the initial bidder and just bid the basic minimum increment your Current Bid will be the Starting Bid number.
CLHbid.com doesn’t publish the name of the high bidder. We do, however, disclose the name of the high bidder to the Seller as they are then in a contractual agreement to buy and sell. We leave it up to the high bidder and Seller to tell whomever they wish.
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The sale starts and finishes in a matter of hours and the time will extend if bids are placed in the last two minutes of the sale. As confidentiality and honesty are paramount to us, bidders names are never released.
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