GEORGE TOWN DEVELOPMENT SITE

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GEORGE TOWN DEVELOPMENT SITE

George Town Centre, Cayman Islands

MLS#: 414887
Type: Land
Status: Current

CIREBA MLS LDX feed courtesy of PARADISE PROPERTIES CAYMAN

Description

Fantastic opportunity to develop in Central George Town. Superb investment for capital appreciation, or build an apartment complex. Agent owned. This unique lake front property is the largest undeveloped parcel for sale in the area at 0.29 acre. Set directly in the centre of George Town and one of the nearest residential locations to the new hospital being developed in Camana Bay. This lot is also located next to the new commercial plaza, Arboretum Place, being developed on the Esterly Tibbetts Highway. This parcel is zoned High Density Residential, making it ideal for an apartment complex. Similar properties in this area have 14 studio apartments with rental income potential of US$20,000 per month (approx. US$240K annually) or more! Developing this property can easily produce between 15-20% tax-free Return on Investment. Don't miss this extremely rare opportunity!!

Views: Inland, Lake View
Block: 13D
Parcel: 310
Acres: 0.29

Land for sale in George Town Centre, Cayman Islands.

CI$650,000

Estimated Mortgage Payment: 2791/mo*

100 Width
124 Depth

Interested In This Property?

Carolyn Ritch

Board of Directors Member for CIREBA

The Neighbourhood

George Town

George Town is where island life meets the liveliness of city life. Around the cruise terminal, you can find many waterfront homes along with various commercial buildings. Principal attractions in George Town include the Stingray City, Aibanks Dive Center, Cayman Islands National Museum, Cayman Turtle Farm and Queen Elizabeth II Botanic Park.

View George Town properties

*Disclaimer:
The information contained herein has been furnished by the owner(s) and or their nominee and represented by them to be accurate. The listing company, agent and CIREBA MLS disclaims any liability or responsibility for any inaccuracies, errors or omissions in the represented information. The listing details herein are also courtesy of CIREBA (Cayman Islands Real Estate Brokers Association) MLS and/or via LDX (Listing Data Exchange) feed. All the information contained herein is subject to errors, omissions, price changes, prior sale or withdrawal, without notice and is at all times subject to verification by the purchaser(s).