| Development in Nicaragua Nicaragua's Only Temperate Climate Development Asking Price: $1,500,000 USD 500-Acres Of Water View, 1.5KM Of Water Frontage, 25M Potential Profit, 2.5M In Lots Ready To Sell, Advanced Infrastructure, All Permits, Title Insurance, Established Marketing Position, Near Town, Temperate Climate, Angler’s Paradise, Organic Coffee.
Investor Presentation
It takes considerable time, money, and effort to establish a development in a country like Nicaragua. Investing in an already established development eliminates the start-up hassle and risk. The development has taken large strides since its inception 3 years ago.
25 Million Dollars in Potential Profit: According to projections, the development has a total profit potential of 25 million dollars. Projections are available upon request.
2.5 Million Dollars in Lots Ready To Sell: In Phases One and Two there are a total of 78 lots, 26 of which have been sold. Currently, there are 52 lots for sale. The average lot price of the lots already sold in the development was US$49,000; that means there are US$2,548,000 in lots ready to sell.
1.3 Million Dollars Invested in Infrastructure & Marketing: It has taken 1.3 million dollars of investment in infrastructure and marketing to get the project to where it is today. Everything sold has been reinvested in the project. That figure does not include the cost of the land.
Advanced infrastructure: Where water and electricity are concerned, overkill is best. The development has enough water and electricity for 1,000 houses. The lake where the development is located provides 35% of the electricity for Nicaragua through hydroelectric power. The development has those same power lines running through the property. Our first well produces 80 gallons per minute. In places like San Juan del Sur, 25 gallons a minute is the norm. We have authorization for two more wells. The lots are subdivided, the streets are cut, our front gate and reception are complete, we have an attractive sales office, and Phase One has underground electrical and water.
Government approval: The development has all of the required permits for a project of its type. The development has municipal approval from the Alcaldia, the governing municipality. The development has the environmental permit from MARENA. MARENA is the environmental protect agency of Nicaragua. Since The developmentis a UNESCO/Ramsar site, a rather positive aspect of project marketing, approval took over a year to acquire. In addition to the environmental permit, The development has a letter of approval from the Audubon Society, the entity in charge of outlining the rules for the management of the lake. The development also has the permit from MIFIC for the exploitation of ground water, Union Fenosa for electricity, and ENACAL for water. Additionally, The development qualifies to take advantage of the INTUR Tourism Incentive Law 306, which allows homebuyers 10 years of no property taxes or taxes on income produced by rental properties. This law also allows the developer immunity from paying the 15% tax on the materials used in building homes, which in turn allows the project to offer more favorable prices.
First American Title Insurance: Title insurance is an absolute requirement for international buyers in a place where title issues have been a concern in the past and language and cultural barriers can be overwhelming. The development has a master policy through First American, and offers individual title policies for any lot or home on the property.
Established Marketing Position: The development is sponsored by International Living, the most prestigious and effective marketing-vehicle in Nicaragua with a membership of over 500,000 qualified real estate investors. IL moves more property than any other source, and has played a key roll in our success. IL does not accept all developers or developments. Through International Living, The development has been established as Nicaragua’s only development in the cooler coffee country of the North. The development has a great marketing materials and a fantastic website.
Easy Access: There is pavement all the way from the International Airport in Managua to the property. Currently it takes two hours to drive from the airport to the project. Half the trip is on perfect highway. Currently the new government is rebuilding the old roads, as well as, building new a short-cut to the development. Heavy machinery is working day and night. Within the next year, the new roads will cut the trip down to 1 ½ hours from the airport. There is an airstrip 7 minutes from the project. A flight from Managua takes 30 minutes.
The Town is 15 Minutes Away: The project is not in the middle of no where. The nearest town is 15 minutes away with a population of 50,000, restaurants, grocery stories, a market, all the major banks, a hospital, doctors, dentists, DHL, Western Union, Video Rental, Film Development, hardware stores, pharmacies or a night out on the town.
Temperate Climate: The developmentis the only project in the cooler coffee country of Nicaragua. Average day time temperatures are in the 70s, and for much of the year it is cool enough to wear a sweater at night or build a fire. For Mountains and Cool Breezes in Nicaragua, there is no where else to go. The developmentis Nicaragua’s answer to San Miguel de Allende and Boquete.
Exciting Activities: The development offers a wide variety of high and low impact activities from hiking, kayaking, and horseback riding to exploring the area’s national parks, reserves, and historical sites.
Angler’s Paradise: The lake where the development is located is an angler’s paradise that is virtually untouched. The lake is 12 miles long and covers 20 square miles, there are almost no motorboats, and sport’s fishing is unheard of. Submerged in its waters are ancient forests, creating the perfect habitat for Rainbow Bass.
Organic Coffee: A feature no other development in Nicaragua offers is our very own Organic Coffee Plantation. Each household will receive a gift of approximately 12 pounds of coffee per year depending on the harvest and demand.
The first step in making the development the success it is today represents a major capital investment, a considerable amount of risk, and three years of hard work.
For the developer or investor that is looking for a spectacular opportunity to invest in real estate in Nicaragua, it does not get any better than this development.
TECHNICAL DESCRIPTION
Land: Five hundred acres of spectacular lake views with 1.5 km of lake-front. An organic coffee plantation and towering 100 foot trees. Paved highway from the international airport in Managua all the way through the property. 15-minutes from a sizable town. 7 minutes from an air-stripe. 2 hours from Managua. Soon to be 1 ½ hours from Managua, when the new short-cut is finished in 2009. Temperate climate with an elevation of 3,200 to 3,700 feet.
Water: The development already has water in Phase One. The water at the development comes from a deep well on the lower part of the property. It is pumped up to a reservoir at a high point of the property, and the lots within the property are feed through gravity. There is enough water on the property for 1,000 houses. The well produces 80 gallons per minute, and the project has authorization for 2 more wells.
Electricity: The development has underground electricity in Phase One. The same triphasic power lines that provide Nicaragua with 35% of its electricity pass through the property.
Streets & Roads: The streets for Phase One are cut and there are good access roads throughout the property. There are paved roads from the International Airport in Managua to the property.
Existing Structures: The development has a stunning front gate and reception area featuring the architecture of Matthew Faulkiner, the primer architect in Nicaragua specializing in hard woods. It also has a lovely hacienda house that serves as the sales office and place to entertain potential buyers.
Permits & Title Insurance: The development already has all of the required permits and First American Title Insurance.
Designs: The development has a variety of home designs focusing on using natural materials.
Planned Amenities:
Upon completion The development will have the following amenities.
Luxury Cabin Accommodation,
a 5-Star Lodge
a Spa,
a Bistro,
a Tavern,
a Coffee House,
a Business Center,
a Conference Room
a Gym,
an Infinity Pool,
a Jacuzzi,
a Fishing Outfitter with Guide and Boat Rental,
a General Store,
a Gift Shop,
a Pier & Water Sports Center,
Stables,
and a Tennis Court.
Possible Usage Of Property
Speculation Property:
Sell Lots: Currently, lot prices are from US$29,900 for mountain view lots to US$84,900 for our best lake view lots. The average lot size is ½ acre. The are 52 lots available to sell. The average lot sold for US$49,000, so there are 2.5 million dollars in lots to sell.
Build & Sell Homes or Condos: Building costs in Nicaragua are approximately US$50 per square foot. The going rate for turn-key homes is US$100+ per square foot.
Total Build-Out Potential: Between 400 to 450 lots or homes. Condos could yield an even large number of units.
Financial Projections Are Available Upon Request
 | | About This Property | |
| Category: | | Investing/Development | | Address: | | Nicaragua | | For Sale By: | | Agent | | Construction Year: | | n/a | | Area: | | 500 Acres | | | Bedrooms: | | n/a | | Bathrooms: | | n/a | | Sleeps: | | n/a | | Stories: | | n/a | | Parking Spaces: | | n/a | |
| | Features - Amenities | |
| | | - Lake Waterfront
- 500-Acres Of Water View, 1.5KM Of Water Frontage, 25M Potential Profit, 2.5M In Lots Ready To Sell, Advanced Infrastructure, All Permits, Title Insurance, Established Marketing Position, Near Town, Temperate Climate, Angler’s Paradise, Organic Coffee.
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