Growth from the mining sector.
Here is land that was only worth about $300.00 and acre not too many years ago. This is they type of benefit that the mining sector development is bringing. Rest assured Cobre Panama will move forward. There is just too much money to be made by all concerned.
For Sale By Owner - 175 Hectares Titled Property - La Pintada
Real EstateBy DON WINNER for Panama-Guide.com - For sale by owner, 175 hectares of fully titled land near the town of La Pintada, to the Northwest of Penonome, in Panama's province of Coclé. This beautiful property is bordered on both the Northern and Southern side by rivers that flow all year long. The property features stunning mountain views, swimming holes, and fruit trees. It is located close to the small town of La Pintada and the larger regional city of Penonome for easy access to services and shopping. Beaches are a 25 minute drive away. The property enjoys a "micro climate" produced by the local mountains - bringing cooler temperatures and lower relative humidity. This property was formerly part of a training facility owned and operated by Panama's Asociación Nacional para la Conservación de la Naturaleza (ANCON) (National Association For the Conservation Of Nature). ANCON planted approximately 25 hectares of the property with Acacia (Koa) hardwood trees more than 20 years ago. They also planted some teak in a different area, and all of these trees are now fully mature and ready for harvesting for the lumber, if desired. There are also fruit trees of various varieties planted throughout the property. Some parts are fully mature forest that has never been cleared. Some areas were cleared many years ago for cattle, but has since grown back over with secondary growth.
Possibly the most attractive feature of this property for the potential investor is it's location relative to the Minera Panama copper mine project, which is being built in the mountains well to the North of this location. Minera Panama will be spending more than $6 billion dollars on infrastructure to build this new copper mine, and right now they are facing a critical housing shortage. The original development plan for this property called for it to be subdivided into lots and sold as home sites for expatriates. An enterprising investor could potentially build smaller and more economical homes for mid and upper level mining executives and engineers, which could be quickly sold or rented to people working for the mining company. The Minera Panama mine is expected to be operational for 50 years or more.
Asking Price: $1.1 Million Dollars (62 cents per square meter.) The current owner is an investor who had to leave Panama for personal reasons, and is motivated to sell.
Additional Details: The property measures a total of 175 hectares in four parcels. All four parcels are held by the same Panamanian corporation. All of the land is fully titled, since at least 2006 or before. There are no problems with the title - no liens, mortgages, sequesters, embargoes, nor is it legally hindered in any way.
Year Around Water And Swimming Holes: The rivers that border this land are full-blown rivers - not just little local drainage streams that only flow after a rainstorm. They have water flowing through them all year.
Position Relative To Minera Panama: This parcel of land is located about 40 kilometers (or about 25 miles) to the Southeast of Inmet's massive $6 billion dollar copper mine project. It's important to note there are two ridges between the copper mine project and this land, so the rivers and the local drainage basin will be totally unaffected by the mining project. However, it's going to take Inmet many years to first build the copper mine, which is expected to start production in 2016. Then, the mine will be operating for 50 years or more. They are already facing a critical housing shortage. When mining engineers show up, they are assigned to a sort of "mining tent camp" facility - and they abruptly quit. Inmet knows they already have a critical housing shortage problem, and this parcel of land is ideally suited as a potential solution.
Potential Value In Reforestation Hardwoods: This photo shows a part of the property that was planted with teak more than 20 years ago. More than 25 hectares in another area was planted with Acacia (Koa) hardwood trees. One estimate conducted several years ago indicates this lumber could potentially have a value of $250,000 dollars or more if cut and sold as logs - but that needs to be verified and updated. It does not appear that these reforestation plantations have been professionally managed and cared for, so the value of the lumber is probably marginal. But no matter what, the trees exist, so there could possibly be some intrinsic value to offset the initial purchase price.
Contact Information: Serious inquiries only. Potential investors will be vetted. The owner has contracted me to represent his interests in Panama for this property. The sale will be done directly as a "for sale by owner" contract between the seller's and buyer's respective lawyers. I am currently the only person authorized by the owner to promote or advertise this property, so if you see it listed on another website they probably do not have the owner's authorization, so be aware. For additional information about this property contact me, Don Winner, at my cell phone number in Panama, (507) 6614-0451. Via email at don@panama-guide.com. The best way to talk to people in the United States is via Skype and my account is don.winner - but please send me an email first, because I don't accept random requests to add contacts (unless I know who the person is first.)
I have also seen this property and it is very nice. You just need to be sure that your D&B is up to date before you bother Don. He has very little tolerance for BS, and wannabees! For someone who just wants a "gentleman's" farm, this finca could be very self sustaining and with some solar power completely off the grid. Petaquilla's PDI would probably cut you a very nice deal and could build whatever you want.
AI
