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April 2, 2014

Philippines

Shrimp Farm For Sale 

 

A 20-hectare, shrimp farm with a modern house is for sale in Inabanga, Bohol Island, for $111,224 (negotiable).  The farm is operational and profitable and should pay for itself in three years.  It has ten ponds ranging from 1,000 to 10,000 square meters that average one-meter in depth.  Dikes are about one-meter wide.  There are two drainage canals, two main gates and ten pond gates.  All gates are made of wood.  No equipment is included in the sale.  There is little or no need for feeding and aeration in the extensive ponds, so feed cost and electrical costs are minimal.

 

The house is made of hardwood, bamboo slats and marine plywood and has a metal roof, living room, kitchen, bathroom, two bedrooms and electricity, but no water supply.  Water is brought in by boat.  The living room, kitchen and bedroom furniture are included in the sale price.

 

There is no title to the property because coastal and marshland cannot be titled on Bohol Island.  Instead, aquatic farms are given 25-year leases by the government.  The current lease will not expire until 2024; however, a new buyer can get a new 25-year lease.

 

Information: Phone +63-925-365-3452.

 

Source: OXL by Sulit.  Bohol Prawn Farm.  No Date, Website Visit on April 2, 2014.

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