CIREBA MLS LDX feed courtesy of WILLIAMS2 REAL ESTATE
About this property
GREAT COMMERCIAL INVESTMENT OPPORTUNITY - CENTRAL GT LOCATION This is a tremendous opportunity to own a commercial space in an absolutely prime location in central George Town. Palm Grove is situated on a major 4-way intersection and therefore benefits from very high commercial visibility . The building is low density (6 units in total) and is built like a fortress with excellent building integrity and has hurricane rated windows and doors. This unit offers just under 800 sq. ft of prime commercial space and is conveniently situated on the first floor. The unit has its own private bathroom, and a drop tile ceiling to accommodate your tenant's IT needs. The building was renovated last year, is energy efficient and benefits from solar panels which are part of the CUC CORE agreement. During the building renovation, the entrance corridor was enclosed, air conditioned and sound proofing was added, so although the building is on a busy intersection ,your tenants are protected from road and aircraft noise. Just 2 minutes from the hospitals, Cricket Square and George Town's commercial hub, this super commercial building is wheelchair accessible, has an elevator and ample parking. It is a well-run building with reasonable strata fees. If you are looking for a great commercial investment property close to all conveniences of central George Town, then look no further. This unit is currently tenanted and provides a good rental Return on Investment, but you could also anticipate excellent capital appreciation on the asset in the future, due to the central location.
|Acreage: 0.3484||Sqft: 774|
George Town is the capital city of Cayman and at the heart of the financial services industry. Not just a warm climate but a warm welcome; George Town is home to the island’s port, with a waterfront filled with bustling tourists visiting the duty-free shops. At the figurative centre of Cayman, sits the literal centre of George Town’s residential population — a favourite among locals for its close proximity to town, grocery shopping, local schools, Owen Roberts Airport, snorkelling, diving and classic island restaurants.
Heading East from George Town, you will find the coveted South Sound. The second most sought after area on Grand Cayman to live after Seven Mile Beach (but second to none in lifestyle), this area is more relaxed than Seven Mile with a lovely mix of condos and mid to large family homes. Hugging the waterline, you’ll find luxurious beachfront villas; the perfect location for your towel to meet the sand for a few hours a day.