Exciting Times
Daren’t we say too much for fear of jinxing the situation but all indications currently suggest we have found the promised land and are closing in on a deal.
Approximately a week ago we posted a Blog update showing 5 short-listed properties. Of these, Management’s favourite is property #1, an 83 manzana property owned by the Alfonso Valle Castillo Cooperative.
Following Martijn’s trip to the island to gather the necessary legal documents we commenced the first legal examination process of the title. We have since received the initial ‘okay’ indicating that all the papers appear to have been registered and filed in their appropriate places.
From this preliminary ‘nod of approval’ we returned to the island in order to decide on the size and specific points of the property that we are most interested in purchasing. Specifically, we were seeking to identify that part of the property that would provide us with;
* secure accessibility
* sufficient space for the construction of the currently planned structures with
adequate left-over space for future development
* the simplest start-up of activities (i.e ease of construction and acquisition of
electricity & water plus the most natural and low cost method of creating a road)
* the most spectacular views
* an appropriate location for harnessing solar and wind energy
* appropriate soil fertility for the location of the farm
* a unique setting for the lodge and thereby contribute to the business’s unique
point of difference.
This mammoth task went very smoothly with consensus being achieved quickly between the 3 of us. Specifically we identified approximately 8 manzanas that all of us believe fully meets our criteria and is, quite simply, ‘divine’.
Armed with the understanding of what we want, we set up a meeting with the key representatives of the Cooperative and were pleased to see a good number of attendees. During the meeting we discussed what parts of the property we were most interested in and made a ‘gentleman’s agreement’ to purchase circa 7 ½ manzans at US$5,000 per manzana.
Next steps are to return to the island on Tuesday with topographers to create a formal topographical map of our desired purchase. At the same time we will map out the best location to build a road to the building platforms and identify the closest electricity posts and water access points. In addition to these steps, we will also be contacting Mr Hernandez, the Managuan-based ecological architect, to arrange a day for him to accompany us to the land in order to confirm this property is indeed appropriate for the creation of our intended project and we will employ the services of a second reputable lawyer in Rivas to undertake an independent search of the titles to check the findings of the first law house.
So, as you can imagine after 6 months of continual searching we are each extremely excited to think we may have found ‘it!’. With that said, this is Nicaragua and everything and anything can happen. As such, it is with baited breath that we continue the process and hope that this time it is it.
Approximately a week ago we posted a Blog update showing 5 short-listed properties. Of these, Management’s favourite is property #1, an 83 manzana property owned by the Alfonso Valle Castillo Cooperative.
Following Martijn’s trip to the island to gather the necessary legal documents we commenced the first legal examination process of the title. We have since received the initial ‘okay’ indicating that all the papers appear to have been registered and filed in their appropriate places.
From this preliminary ‘nod of approval’ we returned to the island in order to decide on the size and specific points of the property that we are most interested in purchasing. Specifically, we were seeking to identify that part of the property that would provide us with;
* secure accessibility
* sufficient space for the construction of the currently planned structures with
adequate left-over space for future development
* the simplest start-up of activities (i.e ease of construction and acquisition of
electricity & water plus the most natural and low cost method of creating a road)
* the most spectacular views
* an appropriate location for harnessing solar and wind energy
* appropriate soil fertility for the location of the farm
* a unique setting for the lodge and thereby contribute to the business’s unique
point of difference.
This mammoth task went very smoothly with consensus being achieved quickly between the 3 of us. Specifically we identified approximately 8 manzanas that all of us believe fully meets our criteria and is, quite simply, ‘divine’.
Armed with the understanding of what we want, we set up a meeting with the key representatives of the Cooperative and were pleased to see a good number of attendees. During the meeting we discussed what parts of the property we were most interested in and made a ‘gentleman’s agreement’ to purchase circa 7 ½ manzans at US$5,000 per manzana.
Next steps are to return to the island on Tuesday with topographers to create a formal topographical map of our desired purchase. At the same time we will map out the best location to build a road to the building platforms and identify the closest electricity posts and water access points. In addition to these steps, we will also be contacting Mr Hernandez, the Managuan-based ecological architect, to arrange a day for him to accompany us to the land in order to confirm this property is indeed appropriate for the creation of our intended project and we will employ the services of a second reputable lawyer in Rivas to undertake an independent search of the titles to check the findings of the first law house.
So, as you can imagine after 6 months of continual searching we are each extremely excited to think we may have found ‘it!’. With that said, this is Nicaragua and everything and anything can happen. As such, it is with baited breath that we continue the process and hope that this time it is it.
posted by Totoco Management at 1:02 PM
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