Tuesday, September 18 2012 @ 08:24 PM UTC
Contributed by: Don Winner
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. (more)