Downtown Reach 506 — Property Cayman | Real Estate Experts in the Cayman Islands
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Downtown Reach 506

245,000 CI$

Condo with a Garden View at George Town

About this property

Downtown Reach is a new residential development just five minutes from George Town right off the Linford Pierson Highway. Closely located to the amenities of George Town and the Grand Harbour area, the price point and locale are unbeatable. Phase 1 is set to be sold out before ground breaking in May 2019. This is an opportunity to purchase your first home at significant savings with stamp duty exception for first time Caymanian buyers. It is equally a great opportunity if you are seeking an investment property with a projected ROI of between 5 to 7%. The initial phase will include 30 one bedroom units and at the time of listing, there are 2 remaining units at the pre-construction prices.

Property Details

Bedrooms: 1Bathrooms: 1.5
Sqft: 646View: Garden View
Interior features: TV: Cable, AC: CentralOutdoor Features: Pool

Mortgage Estimate

Neighbourhood

George Town is the capital city of Cayman and at the heart of the financial services industry. Home to the Island’s port, the George Town waterfront is filled with bustling tourists visiting the duty-free shops via cruise ships. George Town’s residential areas are largely populated by Caymanian families and is a great place to call home if you want to be close to town, grocery shopping, schools, Owen Roberts Airport, snorkeling, diving and a few classic island restaurants. Heading East from George Town you will find the much loved and sought after South Sound. South Sound is probably the second most sought after area on Grand Cayman to live after Seven Mile Beach.This area is more relaxed than Seven Mile with a lovely mix of condos and mid to large family homes. As South Sound hugs the water you will also find luxurious and stunning beachfront villas.

Quaint port town peppered with life

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