| Description: Rio San Juan : Playa Magante
Beautiful Beach about between Gaspar Hernandez and Rio San Juan, about 10 miles before Rio San Juan coming from Gaspar Hernandez.
Atlantic Coast (North) of the Dominican Republic next to the village of Magante and to the town Rio San Juan, in the Espaillat Province, between the cities of Gaspar Hernandez and Rio San Juan.
2,999,510 m2 (741 Acres) mostly flat and rolling hills rising in elevation from Sea Level to 150 feet above sea level at the southern boundary.
The property is in virgin state populated with fruit (Coconut Palms, Lemons, Mango, Oranges, Sea Grapes, Cocoplums) shade and ornamental trees (Royal Palms).
It is bounded on the North by the Atlantic Ocean, on the East and West by small rivers, on the South by a RD5 a main highway.
Ocean Front with potential for Beach Front Estates. A River (about .6 mile long within the property) that runs into the Ocean with potential for a Marina and River Front Estates. Because of the topography of the land, a Lagoon with Ocean access could be made with potential for another Marina and Water Front Estates.
BEACH FRONTAGE:
0.9 miles of light sand beaches lined with Coconut Palms that provide shade, fruit and coconut water, also Sea Grapes and Cocoplums.
ACCESS ROADS:
The property is bounded on the South and passed through by 0.6 mile of Main Highway. This Highway borders lush green rolling hills almost its entire length.
More Description:
NEARBY AIRPORTS:
Puerto Plata (50 minutes) and Samana (70 minutes) are both international airports.
NEARBY RESORTS:
Bahia Principe (5 minutes) and Playa Grande Resort and Golf Club (15 minutes).
PROPOSED BEST USES OF PROPERTY:
Villa Estates – one (1) acre and one half (1/2) acre
Hotel with Casino
Town Homes and Condominiums
Marina
Heliport & Private Airport
COMPARABLE PROJECTS:
Bahia Principe Beach Resort
Playa Grande Resort & Golf Club
Cabarete Beach & Sosua Beach(Multiple Resorts & Developments)
Atlantica (in planning) near the City of Luperon
ASKING PRICE:
Property Acquisition – 2,999,510 m2 x USD 17 /m2 = USD 51,000,000
TERMS OF SALES :
US$3,000,000 Retainer with 2 months allowed for due diligence.
MISCELLANEOUS:
Joint Ventures may be acceptable
Development and Construction financing may be obtainable
OTHERS:
1 - Small scale surveys of the land available.
2 - Topographical data not available
3 - Potable water is available from the municipality
4 - Electrical Energy available from the local utility
Dominican Republic Construction
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Listed by: Stuart
Noakes
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Listing ID : 1678
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