Plot of land For Sale Pita Ad:993311

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B/.2,000,000

(USD 2,000,000)

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Plot of land
For Sale
Paitilla, Panama
Panama

Location on google maps : 8°49`15.1`N 79°50`37.8`W
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REGIONAL LOCATION AND ACCESS

This property, which consists of a plot of land of 8.09526 hectares, is located in the
It is located in the town of La Pita, Corregimiento de Feullieth, Distrito
La Chorrera; having as one of its boundaries to the Northeast the easement
to the south the river easement of the Ferrer stream.
Other boundaries are the old road to La Chorrera to the northwest, to the southwest
a 6.00 meter wide right of way and private farms.

The land is currently made up of two farms, duly registered in the
Public Registry of Panama with numbers 35826 and 35832. The entrance to the
The land is located on the old road to La Chorrera, about
just 3 or 4 minutes from the intersection of the access to La Pita with the Highway
Inter-American Highway, the aforementioned access is perfectly paved with
asphalt layer to the very entrance to the farm. In turn, this intersection
It is about 30 minutes from the Las Americas Bridge exit to the
inland, this road is an express road with a minimum of 4 lanes,
perfectly paved and sefialized. In the town of La Pita there are
minisiper, a small chapel and a playground as well as a school
elementary.

SHAPE AND TOPOGRAPHY OF THE TERRAIN

The terrain is irregularly shaped, elongated, with its longest axis located with
Northwest-Southeast orientation. Its topography is rugged with contour lines
from 74.00 to 107.00 meters above sea level. It`s covered
with weeds and some important trees, which deserve to be preserved.
There is also a 2-story residence, a mini-court of
basketball and a quarter of a deposit.

PROPOSED USE

Our proposal is to develop the estate on lots of 1,000 square meters
at the very least. These. Lots will be sold to middle-income families 2

and may be used to build summer houses or, due to their relative
close proximity to Panama City (about half an hour at the entrance of each
proposed, with a
5 inhabitants per hectare:
La Pita and its

Page #6
to.

SURROUNDING USES

This project would be located practically within the urban core of La Paz.
Pita (see regional location map). The surrounding usos_ are
mainly residential.

To the northwest and southeast there are two recreational farms. To the north, a
and an affordable housing development.

EXISTING URBAN SERVICES

Basic urban amenities include a mini-supermarket, a chapel and a church
a playground (baseball and soccer) and an elementary school. In the
nearest town (about ten minutes, Capira, there is also,
Fire Department, Police Station, MINSA Polyclinic, Middle School and
Secondary, Markets, Bakeries, Hotel, Service Stations and others.

At the entrance to La Pita, on the Inter-American Highway, there is a bus stop.
buses on both sides, connected by a pedestrian bridge, which allow
take buses to Capira and the interior of the country and to Chorrera and the City of
Panama.

At this entrance and about 50 meters from the Inter-American Highway, construction is underway
an important collection center for Riba-Smith supermarkets; that I could,
eventually, be a source of employment for some residents.

The existence of a mini-supermarket in La Pita, a few meters from the entrance to the
Lotificacién, guarantees a supply of basic necessities; However, due to
to the expected economic level of the inhabitants of our development (medium to
medium-high), all of which are owners of automobiles as a means of
primary transport, are expected to be supplied in the markets of La Mancha.
Chorrera located less than fifteen minutes away.

PROJECT DESCRIPTION

The Project consists of the allotment of the property into 50 lots of 1,000.00 m2 of
At a minimum, the lots will be provided with potable water and electricity. The
The property will be fenced in its entirety and at the single entrance there will be a gate and
Ornamental fence and booth for access control. The topography will be maintained
and important trees with more than 20 cm trunk diameter.
Likewise, the areas adjacent to the river`s rainwater easements
Perequete and the Ferrer creek must be cleaned and conditioned for use
as a green recreation area for the residents of the Urbanization.
A picnic area with a kiosk, games for children and adults will also be provided.
and health services.

Pag. 2

Page #7

FENCE & ENTRANCE

The entire farm will be fenced with plastic or wooden posts and barbed wire
at a height of 1.20 meters.

The single entrance, located on the northwest boundary, along the easement
from the old road to Chorrera; It will have a central arch of masonry style
It will have entry and exit lanes, with a central toll booth

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