Investment Opportunity Executive summary

THE OPPORTUNITY: This property is one of a kind mixed use development parcel located in the core growth corridor of Uvita de Osa, the gateway to Costa Ricas Southern Zone. It covers approximately 4 hectares and is bordered by a year round stream to the west, the Costanera, to the north and by the main public road to the National Marine Park, Parque Ballena to the East. The pristine and protected beaches of the marine park are located 500 meters to the south. This parcel with all sites studies, design and engineering approvals is being offered for sale with seller financing to qualified buyers.

MASTER PLAN SUMMARY: The master plan for development offers three options. Full commercial development, full residential development and a mixed use concept. The sellers, Desarrollos King of the Waves SA, opted to create a mixed use development as it supported to a high degree the current and projected market needs. The Plan calls for up to 44 residential units consisting of a mix of single family homes and vertical condominiums in a gated community setting. The site offers scenic mountain views and river frontage. These features would be enhanced by walking trails though tropical gardens, pocket parks and a state of the art recreational clubhouse. The commercial sector, designed as the ¨nest generation¨ mall for the area offers 20,000 square feet of space to accommodate restaurants, retail and professional services.

DEVELOPMENT STATUS: An anteproyecto has been designed and executed by Zurcher Architects, GreenPlan, GCI engineering and DKOW. All required studies have been completed, water tap fees for residential use and commercial use has been purchased and certified by local water district. The governing municipality has approved and certified the pre project designs, engineering and concept. INVU approval is expected to be delivered which will complete the phase I process for national approval of the project. The D-1 SETENA permit would be the next development phase.

KEY PROJECT POINTS: Uvita de Osa has been selected as the area best suited for expanded commercial activity for the Southern Zone. In the last 2 years, four major banking institutions in Costa Rica have constructed new enhanced facilities there. Two of the country’s major supermarket chains have built modern stores to service the growing community. New smaller commercial malls and product suppliers have sprung up in the area. Also represented is Costa Rica’s largest appliance store as well as all levels of up scale community services with legal, medical, veterinary and engineering offices to name a few. Additional area amenities include:

• A new state of the art 80,000 sq.ft health and hospital facility. • A new championship golf course. • A recognized National Marine Park. • An announced nearby site for an international airport. • A nearly completed paved extension of coastal highway to Quepos airport and Marina. • A recently completed comprehensive highway improvement to San Isidro del General. • A new local police station located in the central business district.

PROJECT OVERVIEW: The property offers what few developments in the area can offer. Easy access, convenience to established services, scenic vistas and walking distance to a number of beaches and National Marine Ballena. The concept is to cluster single family homes around a man made waterway and provide gentle access by way of trails that connect all the homes to community gardens and the year round stream already on the premises. The commercial mall development is considered an additional amenity with direct access from the residential area and provides additional public access from the coastal highway. Security and on site maintenance structures provide for the safety of both commercial and residential uses. The development is located 2 kilometers from banking, shopping, and all types of professional and hospitality services. The site is flat to gently sloping providing an ease of development not generally found in the area. Water and electric have already been brought in the property. High speed telecommunications cable runs along the property line.

Priced at $2,800,000 USD