2,5ha valued in 2015 between 60 000 USD and 75 000 USD selling for less to qualified buyer.

Purchaser or new shareholder needs time, free capital, Spanish skills and an interest in a desert climate.

The land is well placed in a fertile area with irrigation rights. The vines need replacing. You can build with an excellent view of the Rinconada mountain. Neighbors are professionals with hobby farms, olive, small wine or raisin businesses. Pocito is popular because 15k from downtown San Juan.

15 investors bought two properties in 2004, lost one through fraud, subdivided the remaining piece of land and sold the house.

I have been going twice a year for five years to clear up the mess. I have developed a team of experts and become familiar with local practices, particularly regarding transfer of property and government regulations.

The remaining investors are not interested in investing any further but I am prepared to continue if a new shareholder buys them out. It is the cheapest way to acquire an interest but you must subsequently inject time, money and energy on the spot.

Posted Feb 17, 2016

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