Mexico's Largest Oceanfront Mixed-Use Development Site Goes on Liquidation Sale
Property investors get ready,
Mexico's "Cancun of the West Coast" is now up for Liquidation Sale. 1st Choice Financial Inc. has just announced this week it has been contracted by a group of private land owners in Mexico to attract buyers and secure offers for one of Mexico's largest remaining tourism development sites nestled along the beach between Acapulco and Ixtapa - the golden West Coast of Mexico.
And Is offering a Referral Fee In The Amount Of 1.5% of The Final Negotiated Sale Price To Anyone Who Refers a Buyer Who Completes A Final Closing On: 2,200 Acres Of Prime Oceanfront Property.
The oceanfront property, approximately 2,259 acres, is located on nearly four miles of beach and lagoon front along the Pacific Ocean. The property is zoned for tourism development, including resorts, golf courses, marinas, retail and commercial development, including villas and luxury condominiums.
"The site, which is 20 minutes from the International Airport in Ixtapa, represents an amazing development opportunity for hoteliers, developers, high net worth individuals, and institutional or local investors," "The property has a Listing Price: $52 Million Dollars "USD"
That's $23,636.36 Per Acre or $5.77 Per Square Meter.
"A 2011 Mexican government appraisal and report assessed just one-fifth of the property at $175 million,"
"This Liquidation Sale represents a truly rare opportunity for the right investor or developer."
The sellers of the property, a small group of shareholders comprised primarily of prominent Mexican citizens in their 70's and 80's, began purchasing parcels of the assemblage from a wealthy Mexican family back in 1979 under a company named Inmobiliaria Fraccionamientos Turisticos, S.A. de C.V (also known as "Infratur"). "This group held out hopes of developing the land for over 30 years, but now realize they will not see their dreams materialize in their lifetime,"
"They want someone else to live out the dream for them and they are willing to sacrifice the selling price drastically to do so."
For a dynamic map of the area: CLICK HERE
Representing the owners is the president of Infratur, Eddie Villa Real, a leading Mexican businessman, writer and physicist, who founded several electronics companies and who, in later years, became an activist dedicated to improving tourism in Mexico and fighting environmental and pollution problems in his country. "This land is without a doubt one of the largest and most beautiful undeveloped oceanfront sites left in Mexico," said Villa Real.
The property, known as Bahiamar, is zoned for tourism development and is strongly supported by the local, state and federal governments. It lies in the city and municipality of Petátlan in the state of Guerrero, on the western coast of Mexico.
The property, envisioned as the "Cancun of the West Coast," is located just south of the Ixtapa-Zihuatanejo tourism zone within the Costa Grande region, which is comprised of approximately 311 miles of coastline extending from the border of the Mexican state of Michoacan to the Acapulco area. The most significantly developed infrastructure for tourism along this coast lies in Zihuatanejo and Ixtapa.
Bahiamar Valentin Estuary Area The property, which boasts year round tropical weather, includes miles of sandy beaches and over 3,500 coconut trees, extremely fertile soil on the lagoon side and a very unique granite pit. Immediately south of Bahiamar is an exclusive ecological hotel, known as Playa Viva, which is powered 100% by solar power energy.
The infrastructure includes a highway that intersects the Bahiamar entrance, an authorized four-lane highway under construction from Ixtapa to the site, high voltage electricity, a microwave relay station which will permit installation of thousands of telephone lines, high quality fresh water sources and water wells for irrigation. It is also driving distance from Mexico City, Leon, Acapulco, Guadalajara, Ixtapa and Zihuatanejo.
The magnificent oceanfront property, known as Bahiamar, is approximately 914 hectares (9,140,000 m2 or 2,259 acres) in size. It is located on over 6 kilometers (almost 4 miles) of beach and lagoon front along the Pacific Ocean just south of the Ixtapa-Zihuatanejo tourism zone.
The entire property offered at a liquidation price of US $52,000,000 (or US $5.77/square meter), represents a tremendous discount to the government appraisal.
For complete details on The Liquidation Sale of this incredible property and to download copies of the appraisals; Please visit: http://tmis2.webs.com/
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