Presentation on theme: "“Diamond in the Rough” “LA PARGUERA” THE ENCHANTED ISLAND"— Presentation transcript:
1 “Diamond in the Rough” “LA PARGUERA” THE ENCHANTED ISLAND LAJAS, PUERTO RICO“Diamond in the Rough”Cabo Rojo, Puerto Rico
2 coordinatessouth17 59’32.78”N67 12’47.10”wLOCATION: Southwest side of the island. To the north of the island is the North Atlantic Ocean, and to the south is the Caribbean Sea. Also, Puerto Rico is east of the Dominican Republic and west of the Virgin Islands.
3 Size - The property is 180 “cuerdas” (approximately 162 acres). Dimensions - The length is 1,493 feet x width 1,458 feet.Zoning Selective Touristic Development.Permits None at the moment. As of January 2010, a new law was approved to streamline and expedite the permit process.Actual use Vacant – raw land.Best use Tourist – residential development.Facilities Adjacent to the property.
5 Tax Incentives PORTA DEL SOL Up to 90% exemption on income tax Up to 90% exemption on property taxUp to 100% exemption on construction taxUp to 100% exemption on municipal taxUp to 100% exemption on excise tax
6 FINANCING AVAILABLE Government development bank Owners Private Banks PRICE AVAILABLE UPON REQUEST
7 COMPARABLES Joyuda 7 acres - $5M Combate 6.3 acres - $3.5M La Parguera 4,482 meters - $120KCabo Rojo .61 acres - $1.8MRio Mar Beach acres - $23.7MRio Mar Beach acres - $13.6MRio Mar Beach .96 acres - $2.4MRio Mar Beach acres - $18.5MSanturce .23 acres - $1.3M
8 Site Santurce 72 miles to La Parguera Joyuda 12 miles To La Parguera Cabo Rojo12 miles toLa PargueraRio Mar Beach83 miles to La PargueraSiteLa Parguera
9 Property Features Ocean Frontage, 13 acres Touristic Area (Phosphorescent Bay)Beautiful Ocean Views and ReefsAccess to Three Major AirportsClose to Major UniversitiesPossible Project Developments: Hotels, Casinos, Retail Businesses, Condo-Hotels, Resorts, Residential Gated Communities…