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Estrella Village, Narra, Palawan

Palawan Property

Palawan Plantation and House and Lot with different variety of trees and fruit trees.

Invest in this commercially viable 71.15 ha (711500 m2, 175.8 acres, 7,658,522 ft2) plantation with a furnished country-style mansion. Teeming with thousands of Mahogany, Gmelina, Cashew, local hardwood Narra, and fruit trees, The Plantation is a feasible source of timber and fruit crops.  A 438 m2 (4,714.5 ft2) mansion is situated at the heart of the vast land and offers a 360 degree view of the entire plantation. Aside from the fabulous river stones masonry and hard wood, the mansion affords a breathtaking view of the valley and the sea.

Utilities

The Plantation is connected to the electrical grid of Palawan. The power cables from the village to The Plantation as well as the transformer are properties of The Plantation.  Furthermore there is an 18KW diesel generator with an automatic transfer system in a dedicated powerhouse at the entrance of The Plantation.

Potable water is obtained from a spring in the mountains behind The Plantation. The tropical climate ensures that there is water flowing all year round.

All houses inside the property are connected to the electrical and water networks of The Plantation.

The Plantation for Sale is located in Estrella Village, a barangay in the municipality of Narra in the island province of Palawan, Philippines.


How To Get There

In Puerto Princesa, take the national highway and drive towards the south of Palawan. After about 84 kilometers,  take the exit to Estrella Village which is connected to the north-south national highway with an 8-km paved road.

Plantation Surface

The Plantation has a total area of 71.15 ha (711500 m2, 175.8 acres, 7,658,522 ft2)  of gently rolling terrain of which 68.4 ha (684,000 m2, 169 acres, 7,362,514 fl2) is planted with a variety of trees:

                28.9 ha (289,000 m2, 71,45 acres, 3,110,770 ft2)with about 57,000 Honduras Mahogany trees between 5 and 9 years old

                29.6 ha (296000 m2, 73.14 acres,  3,186,117 ft2) with about 16,000 Cashew trees between 2 and 6 years old

                8.3 ha (83,000 m2, 20.5 acres, 893,405 ft2) with about 18,000 Gmelina trees (harvest every 6-8 years)

                1.5 ha (15,000 m2, 3.7 acres, 161,459 ft2) with various fruit trees and hardwood trees about 7 years old

The remaining 2.7 ha (27,000 m2, 6.7 acres, 290,626 ft2) contain the plantation owner’s mansion and 4 caretaker houses, partly paved roads,  a creek and a river with running water all year round, and two areas that have yet to be developed. The entire plantation is fenced with barb wire.


BUILDING


The spacious mansion serves as a residence for the owner of The Plantation and his family.  It is situated in the middle of The Plantation with a 360 degree view over the entire land and a breathtaking view of the valley and the sea. The mansion is 130 meters above sea level.  This altitude provides a great vantage point in viewing three picturesque islands which are located 16 to 20 kilometers from the mansion.

Commercial viability

What can future buyers expect to gain from the plantation?

The cashew trees offer yearly a significant stream  of income that will grow over time while the trees mature:

•           2014 harvest was the first harvest of about 300 kg of cashews and the 2015 harvest was 1,500 kg. 2020 harvest is estimated to be 32,000 kgs with a value in the local market of US$ 85,750 whole sale when processed into fried cashew kernels, using 2015 sales prices

•           the cashew trees will be fully matured in 2025 with a estimated total harvest of 50,000 kgs with a value in the local market of US$ 119,047  using 2015 sales prices

The 57,000 mahogany trees grow in value every year. They are estimated to value US$ 8,084,000 in 2023  when the avarage age of these trees will be 15 years. This estimate is derived from an appraisal made in 2006 of the 116,000 mahogany trees on the Marsse Tropical Tree Plantation in Pangasinan in Luzon, Philippines by the DENR (Department of Environmental and Natural Resources). 

The gmelina trees can be harvested around 2021 and every 6 years there after.  A conservative estimate of the value of these trees is US$ 257,000 per harvest.

 

PHP 180,000,000.00

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