CIREBA MLS LDX feed courtesy of CAYMAN ISLANDS SOTHEBY'S INT'L REALTY
About this property
Investment property with gross annual income of US$130k, call for breakdown of Income/Expenditure. Sitting on over 1/3acre of canal front land the property provides an interesting mix of accommodations with a substantial main house offering five bedrooms and a pool, with an attached self-contained one bedroom “in-law suite” that has its own entrance but can also be accessed from the primary residence if required. On the same lot but with its own private driveway are two additional rental apartments a 2bed on the ground floor and a 1bed room upstairs. Currently set-up solely for rental investment income the Magellan Quay #18 gives flexibility to allow a number of different scenarios including owner occupation plus rental income. Main House - 5 bedrooms 41/2 bath (3,562sqft) Adjoining in-law cottage - 1 bed 1bath (575sqft) Separate g/f rental - 2bed 2bath (1,040sqft) Separate upstairs rental - 1bed 1bath (450sqft) Please email for a breakdown of the rental income
|Bedrooms: 5||Bathrooms: 4.5|
|Sqft: 5627||View: Canal Front|
|Acreage: 0.3827||Outdoor Features: Pool: 1|
The perfect place to coast through the days (on the coast, naturally), West Bay takes suburban bliss to the next level. One of Cayman’s older residential districts situated north of the infamous Seven Mile Beach stretch, this area is largely made up of residential spaces. And while the area may be situated on the westside of the island, its lifestyle is front and centre; with winding tree-lined streets, a true island feel, and a wide variety of properties ranging from small family homes to luxury estates, condos and land.
Located just outside of West Bay, trading front porches for private canals, you’ll find neighbourhoods such as Governor’s Harbour, Snug Harbour, Canal Point and Crystal Harbour (and it doesn’t take much to sea the difference). Close proximity to Seven Mile Beach and Camana Bay. Convenient grocery shopping, retail and lifestyle stores abound. This area of Grand Cayman is also a boater’s dream, with a small selection of waterfront homes and condominiums directly on the North Sound, making waves in the local real estate scene.