Rankin Dr Multi-unit Property — Property Cayman | Real Estate Experts in the Cayman Islands
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Rankin Dr Multi-unit Property

Condo with a Garden View at George Town

CIREBA MLS LDX feed courtesy of RAINBOW REALTY LTD.

About this property

The subject parcel is a 0.67-acre (29,185 square feet) property with several single-storey residential buildings on the front section. The buildings on the property are as follows: Building A: A concrete dwelling with an area of approximately 1,673 square feet. It was previously a single-family home but has been converted into three apartments - two one-bedroom units and one studio apartment. Building B: A timber-framed building consisting of two one-bedroom apartments. Building C: Another timber-framed building with three small one-bedroom units at the front and two new one-bedroom units at the rear. Building D: A one-bedroom apartment. There is also a lumber-framed storage unit and garage within the property. The property has undergone some site improvement works, including a swimming pool with a deck area and fencing. However, these features are currently in need of repair and renovation. Fixtures within the residential units include plywood-framed kitchen cabinets with plywood or mica-faced units and mica or similar countertops. Vanity cabinets in the bathrooms are generally plywood-framed and mica-faced units with cultured marble worktops. The bathrooms feature standard quality fittings and fixtures. Regarding air conditioning, the owner-occupied unit in Building A has a central system, while the other units have window-mounted air conditioning. Overall, the property is in basic condition throughout. Unit 10 appears to be in relatively good shape as it has recently undergone renovation. However, the former main house and the attached two apartments have suffered flood damage. The rear section of the parcel, approximately 0.28 acres (12,197 square feet) in size, is currently undeveloped and could potentially be separated to form a separate parcel.

Property Details

Bedrooms: 11Bathrooms: 11
Sqft: 3415View: Garden View
Acreage: 0.6700Outdoor Features: Pool: 1

Mortgage Estimate

Neighbourhood

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.

A home of capital in the capital.

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