Road to Gran Pacifica to be Paved

Posted by Mike Cobb on Dec 28, 2015 3:25:19 PM



As someone interested in offshore real estate, you know that due diligence is a key factor in any decision. Is the property accessible? How easy is it to get to necessary services? Entertainment? These are questions that everyone should be asking before buying into an offshore development. At Gran Pacifica, we’ve been proud to say that we’re the closest resort to the airport, hospital, and all the restaurants and nightlife of Managua. While that’s always been the case, as anyone who has visited the resort knows, the final few kilometers leading to Gran Pacifica are still a dirt road. The road has been re-graded, making the trip much smoother, but there’s even better news. The local government has committed to finishing paving the road, which will make Gran Pacifica one of the only resorts connected to exclusively newly paved roads.

What does that mean for Gran Pacifica? As one experienced private equity investor said on a recent visit to the property, “If you’re smart, you’ll start saving and buy a property here soon, because once that road is paved, prices are going to skyrocket. It’s by far the best deal in Nicaragua.” And you know what? He’s right. Once the road is paved, you’re looking at maybe a 45-minute ride from the airport. That’s unheard of for a beachfront community in Nicaragua. That’s less than 1/3rd the time it takes to get to San Juan del Sur. Once word gets out that Gran Pacifica has a brand new paved road, right off the newly paved highway that leads straight from the airport, investors and residents alike are going to be clamoring for property.

For those who buy after the road is paved, you can bet that prices are going to be quite a bit different than they are now. For those with the foresight to get in beforehand, however, they are going to watch their property values appreciate practically overnight, their rental returns grow far ahead of the curve in Nicaragua, and rapid growth in the community. For investors, the benefits are quite obvious. For residents, things like easier access to services, a growing retail sector at Gran Pacifica, and the peace of mind that comes with a paved road during rainy season add up to great quality of life improvements.

As a savvy, forward thinker, you know that offshore real estate is one of the best investments available today. You have been watching the market, following Gran Pacifica, and waiting for that right time to take the plunge. This commitment from the government is historic, and means that the time is now. Many saw Costa Rica as a great investment, but have now been priced out of the market there. My mission has always been to bring affordable offshore opportunities to hard-working people, and I know you see this opportunity for what it is. Contact me directly, and we can talk about how you can get in before the boom. Because once it happens, those who own property at Gran Pacifica are going to be sitting pretty, while others are going to be shelling out the pretty pennies to join that exclusive club. I look forward to hearing from you.

Mike Cobb

Written by Mike Cobb

In 1996, Michael K. Cobb and his business partner formed a company, Exotic Caye International, to provide loans to North Americans purchasing properties in Belize, Honduras, Costa Rica, and throughout the region. With a strong focus on consumer need, Mr. Cobb accurately predicted the growing demand for high quality, residential product for North American "baby boomer" retirees in the region. He led the group into real estate development and created a holding company called ECI Development for several properties, including a resort on Ambergris Caye, Belize. Michael speaks at dozens of international conferences annually about offshore real estate finance, development, and ownership. He was a consultant to The Oxford Club, hosted a weekly radio program, contributes regularly to overseas publications, sits on the board of several international companies, gives counsel to various real estate projects throughout Central America, and serves on the Board of Directors and the President’s Advisory Group for the National Association of Realtors, NAR.

Topics: Real Estate in Nicaragua