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Casuarina Club Fully Leased Rental Investment

(North Sound Waterways)

Development Description

Available as a whole block, or as individual units, this superbly located and easily maintained Rental Investment comprises of four, 2 bedroom and 2 bathroom stratified, single level condos at the Seven Mile Beach end of the Palm Heights Drive canal. Camana Bay and the new Tillie's at the new Beach Suites are easy walking distance from Casuarina Club, and tenants are offered ample parking and generous communal gardens with a dock, cabana and barbecue facilites.

The 0.29 acre lot faces south, and the dock could easily be extended to for the entire canal frontage to offer the best of both worlds - Seven Mile Beach access and boat access to the North Sound!

Ideal for sharers, these 2bed/2 bath condo's are continually leased, and as they are stratified could easily be held with a healthy return, improved for a better return, or broken up and sold separately as and when required with a great demand for properties of this size in the Cayman real estate market. The Gross rental income is approaching US$150,000 and given the current climate in the Cayman real estate market there is scope to increase these rental numbers without a doubt!

Price for Development as a whole - US$2,535,000

Units priced individually (see individual listing info under Properties For Sale tab) at;

Unit 1 - Ground Floor East - US$650,000

Unit 2 - Upper Floor East - US$635,000

Unit 3 - Upper Floor West - US$635,000

Unit 4 - Ground Floor West - US$650,000

For more information or to arrange a showing please call or email Nick Sellars at 9250332 | nick@milestone.ky

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