Prime B.C. real estate to be sold by auction without minimum bids or reserve
prices

CHILLIWACK, BC, April 6 /CNW/ - On May 19, 2010, a number of B.C. residential, recreational and commercial properties will sell to the highest bidders - regardless of price - as part of a large unreserved industrial auction being conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA) at its permanent Chilliwack (Vancouver) auction site.

The real estate portion of the auction will also be simulcast live for bidders to participate in Courtenay, B.C. Interested buyers that are unable to attend the auction in person can bid in real time through rbauction.com or by proxy.

"We are really excited about the great selection of prime B.C. real estate that will be sold at our May 19 auction," said Ellen Engelsbel of Ritchie Bros. "If you are looking for a luxury island retreat, a new family home, a recreational getaway home or an investment opportunity, don't miss this auction. Make sure you register to bid because all properties will be sold to the highest bidders on auction day, with no minimum bids or reserve prices."

Wells Gray Golf Resort and RV Park - Clearwater, B.C.

Located in the Thompson Okanagan, this 400+/- acre site, with generous zoning potential, is one of the largest privately owned pieces of land within Wells Gray Provincial Park. It has a nine-hole golf course and full service RV park. Preliminary work has already been done to expand the golf course and add homes and cabins to the property, with hundreds of acres still undeveloped.

    
    Details:
    PID 013-145-479 - 73+/- acres
    PID 013-143-743 - 320+/- acres
    * Multiple permitted uses for each parcel of land, including
        recreational and hospitality-related commercial development.
    

Four Oceanfront or Ocean-view Acreages in Sakinaw Ridge - Pender Harbour, B.C.

Located on the Sunshine Coast, these large home sites are part of the Sakinaw Ridge development, which already has paved roads, sewers, water, underground power and telephone lines.

    
    Details:
    Home site 8 - 3.06+/- acres
    Home site 16 - 2.02+/- acres
    Home site 17 - 2.15+/- acres
    Home site 26 - 1.63+/- acres
    

Two Villas at Crown Mansion - Qualicum Beach, B.C.

Located in Qualicum Beach, the two villas at Crown Mansion offer over 1,000 square feet of living space each and both have private verandas.

    
    Details:
    No.108 and No.202 - 292 East Crescent Road

    Open Houses:
    Saturday, May 15: 12 p.m. to 4 p.m. / Sunday, May 16: 10 a.m. to 1 p.m.
    

Two Home Sites at Crown Isle Resort & Golf Community - Courtenay, B.C.

Located in Courtenay, these two home sites at Crown Isle Resort & Golf Community are near downtown Courtenay, as well as schools and other amenities. Ownership also includes access to a 48,000 sq ft clubhouse with dining and conference facilities, a fitness center and golf shop.

    
    Details:
    Lot No.7 - 1540 Crown Isle Drive - 9,047 sq ft
    Lot No.41 - 1401 Dover Place - 7,777 sq ft
    

Oceanfront Home Site at Eagles Cove Estates - North of Campbell River, B.C.

Located just over 50 kilometers north of Campbell River, Eagles Cove Estates has unobstructed views of Discovery Passage. This home site, lot 6, is also close to a fishing pier. A home and guest cottage are permitted by the subdivision's building scheme.

    
    Details:
    Lot 6 Eagle Ways Drive - 0.25+/- acres

    Note:  All measurements are approximate and must be verified by the buyer
           prior to the auction.

    Chilliwack auction details:
    ---------------------------

    -   Date: Wednesday, May 19, 2010 (start time for real estate TBD - see
        http://www.rbauction.com/property/2010174_bc_properties/auction.jsp
        for more details)
    -   Chilliwack auction site tel: +1.604.823.2700
    -   Unreserved auction is open to the public; registration to bid is free
    -   There is no customer parking available on site in Chilliwack. Parking
        is available at Chilliwack Heritage Park (44140 Luckakuck Way,
        Chilliwack, B.C.). Shuttle service to and from the auction site is
        provided.
    -   You are encouraged to register to bid at the Chilliwack auction site
        one or two days prior to auction day to avoid possible lineups. To
        look at the real estate properties prior to auction day, contact
        Ellen Engelsbel at: 778.331.5427

    How to bid:
    -----------

    -   In person at Ritchie Bros.' Chilliwack auction site
        (42275 Industrial Way, Chilliwack, B.C. Located off
        Hwy 1, approximately one hour east of Vancouver, B.C.)
    -   In person during a live auction simulcast at the Crown Isle Resort &
        Golf Community, Courtenay (399 Clubhouse Drive in Courtenay, B.C.)
    -   In real time over the internet (register online at least two days in
        advance at www.rbauction.com/onlinebidding)
    -   By proxy

    More information:
    -----------------
    Go to http://www.rbauction.com/property/2010174_bc_properties/index.jsp
    for more information about the auction and to see additional details and
    photos of the properties being sold, or contact Ellen Engelsbel at
    778.331.5427.
    

About Ritchie Bros.

Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 40 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.

ATTENTION MEDIA: Photos of the properties to use with your articles are available at www.rbauction.com/media.

SOURCE Ritchie Bros. Auctioneers

For further information: For further information: Ellen Engelsbel, Manager, Real Estate Auction Services, Ritchie Bros. Auctioneers, Office: (778) 331-5427, email: eengelsbel@rbauction.com; Or Kim Schulz, Corporate Communications Manager, Ritchie Bros. Auctioneers, Mobile: (604) 788-5379, email: kschulz@rbauction.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890