155 +/- Acres on HWY 50, Garden City, KS 67846 - Finney County

ONLINE ONLY!!! Rare opportunity to acquire 155+/- acres of prime irrigated cropland located directly north of Garden City on Highway 50. This exceptional property combines outstanding agricultural potential along with future development or investment possibilities.

The property features a Reinecke A60G 8 tower center pivot system that does transfer with the land to the buyer. Water rights are also included with a well located in the NW corner of the property. The well is 277 feet deep with an authorized quantity to not exceed 234-acre feet (AF) at authorized rate not to exceed 1650 gallons per minute (GPM). All of the sellers interest in minerals and active leases will also be conveyed to the buyer. The pump motor, remote system (Hot Shot) and sprinkler regulators will not transfer to the buyer.

Features:

155+/- acres

SW1/4, S33-T23-R32W

Approximately 117+/- acres under pivot irrigation

Water Rights & Irrigation well

Water right 12517, well completed in 09/2008

277 feet deep

Authorized up to 234 AF, 1650GPM

Reinecke A60G 8 tower center pivot irrigation system

1272 feet long

Sellers interests in mineral rights and production transfer

Immediate Possession

Highway 50 frontage

Directly north of Garden City

Excellent investment potential

Whether you're an agricultural producer looking to expand your operation or an investor seeking land with development or investment potential, this property offers an exceptional opportunity. Properties of this caliber, especially with this location and irrigation infrastructure, rarely come to market.

Don't miss this chance to own a piece of prime Garden City real estate!

Property offered at ONLINE ONLY auction.| 10% Buyer's Premium will be added to the final bid.|BIDDING OPENS: Tuesday, November 26th, 2024 at 2 PM(cst)|BIDDING CLOSING: Wednesday, December 11th, 2024 at 2:10 PM(cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment.

$60,000earnest money deposit at the time of contracting with a closing on or before 30 days from the date of sale.

$75,000 earnest money deposit at the time of contracting with a closing on or before 45days from the date of sale.

Definition of 'selling by the acre': A method of sale often used for agricultural or undeveloped acreage in which bids are made based on a per acre price. By way of example, if a 160-acre parcel was offered by the acre the high bid may be $5,000 an acre. That amount would then be multiplied times the total acreage to arrive at a total bid price of $800,000 (plus Buyers Premium, if applicable). For the purposes of calculating the total sales price, the acreage will be rounded to the nearest whole acre. For example, a parcel with 158.7 acres would be offered as 159 acres or a parcel is 158.3 would be offered as 158 acres.

Tenant farmer has been notified and lease has been terminated, possession is immediate at the time of closing. Comes w pivot and irrigation equipment. Mineral rights transfer.