83 Hectare Coastal Property Now Discounted price of $473,100. $0.57 M2!. A Certified Tree Farm with huge potential! (MD2416875)
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This 83 Hectare (205 acre) certified tree farm (with ANAM approval) has been segregated into 81 hectare TITLED lots (except 5 smaller lots which constitute the ports). Each lot is a “stand alone” development and this valuable development, jutting into Panama´s beautiful coastline with 3 ports possible, is now available for your purchase and development consideration. Many large, valuable African Mahogany have reached maturity and are ready for harvesting. Additionally several varieties fruit trees are also producing abundant fruit. The approach road was put in by the sellers several years ago and is in remarkablly good shape. Due to the world-wide economic turndown the sellers have changed plans and now wish for the property, with all documents and assets, to be offered on a “Quick Sale” basis. Although deemed to be valued at almost $1,200,000, which did not include the investment in permits, company incorporation, road construction, planning, etc., by a professional company several years ago, the sellers have placed the project, owned by a Panamanian Corporation with no leins or encumberences and all taxes paid, for just $.57 m2 or $473,100. Savings is estimated at $800,000.
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Banner Panama Realty (Real Estate Agent) from Panama
About Banner Panama Realty
Licensed and bonded full service real estate agency, with over 300 listings and 8 years experience, here in Chiriqui Province; Panama. We specialize in luxury homes and unique Commercial properties.