Hacienda Higuerillas is a 214 – hectare farm located in Abangares, Guanacaste, a very good location for teak planting. The farm is situated 8 kilometers to the west of the Pan-American highway and is bordered by the Abangares River on the southern side of the farm. (See Goggle map)
The plantation covers an area of 189 hectares and includes 105 hectares of teak, 14 hectares of melina, 55 hectares of pochote and 15 hectares of gavilan. Except for a couple of slopes, the area is flat, which is very easy to work and extract wood from.
The teak is 18-23 years old with circumferences from 70 to 120 centimeters, and 10 to 12 meters tall. Quality and price depend upon age, in fact the older the teak tree, the better the quality. A minimum of 20 years is required for good quality wood. The quality of the teak of Hacienda Higuerillas is second to none since it is over 20 years old. It is also a well-managed plantation.
The farm is sold as a whole including land, teak and the other three species of trees. The total price of the farm is $6.2 million.
Map of the Farm
Teak is the common name of the tropical hardwood tree species Tectona Grandis. It is native to South and South East Asia, mainly India, Indonesia and Malaysia. It is also grown in Africa and the Caribbean, including Costa Rica.
Teak is used in the manufacture of outdoor furniture, boats, decks where weather resistance is desired. Teak is used extensively in India to make doors and window frames, furniture and columns. In Denmark, well known for the stylishness and practicality of its furniture products, teak is widely used, and because of the increasing demand and decreasing supply, the price of their furniture products has gone up a lot.
- According to Costa Rican law, the owner is exempt of all property taxes. In addition, the income produced by the sale of the wood from the plantation is also completely tax free.
- According to Costa Rican law, the owner is free to use the land, the wood and the profit in any way he wishes. There is no need to obtain any permission for cutting, transportation or industrialization.
- According to Costa Rican law, a plantation purchase price of at least US$100.000 allows the owner to obtain legal permanent residence status in Costa Rica. This gives the owner all the rights of a Costa Rican citizen, except the right to vote in national elections.
- A purchased plantation constantly rises in value in this fertile and prosperous part of the tropics.
- Such an investment in this part of Costa Rica is safeguarded by the very stable political conditions of the country.