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CIREBA MLS LDX feed courtesy of WILLIAMS2 REAL ESTATE

#4 PALM GROVE COMMERCIAL SPACE

(South Sound, Old Prospect Point & Spotts, Cayman Islands)
CI$425,000
  • 774 Sq. Ft.
  • 0.3484 Acreage
MLS# 416019

GREAT COMMERCIAL INVESTMENT OPPORTUNITY - CENTRAL GT LOCATION This is a tremendous opportunity to own a commercial space in an absolutely prime location in cen...

Property Description

GREAT COMMERCIAL INVESTMENT OPPORTUNITY - CENTRAL GT LOCATION This is a tremendous opportunity to own a commercial space in an absolutely prime location in central George Town. Palm Grove is situated on a major 4-way intersection and therefore benefits from very high commercial visibility . The building is low density (6 units in total) and is built like a fortress with excellent building integrity and has hurricane rated windows and doors. This unit offers just under 800 sq. ft of prime commercial space and is conveniently situated on the first floor. The unit has its own private bathroom, and a drop tile ceiling to accommodate your tenant's IT needs. The building was renovated last year, is energy efficient and benefits from solar panels which are part of the CUC CORE agreement. During the building renovation, the entrance corridor was enclosed, air conditioned and sound proofing was added, so although the building is on a busy intersection ,your tenants are protected from road and aircraft noise. Just 2 minutes from the hospitals, Cricket Square and George Town's commercial hub, this super commercial building is wheelchair accessible, has an elevator and ample parking. It is a well-run building with reasonable strata fees. If you are looking for a great commercial investment property close to all conveniences of central George Town, then look no further. This unit is currently tenanted and provides a good rental Return on Investment, but you could also anticipate excellent capital appreciation on the asset in the future, due to the central location.

Key Features

Property Type:Commercial
Listing Type:Offices/Mixed Use
Property Status:Current
Year Built:2011
Address:Smith Road, South Sound, Old Prospect Point & Spotts
Views:Inland
Block:14D
Parcel:65H4
Foundation:Slab
Zoning:Commercial
Road Frontage:230

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Down Payment Required $85,000.00
Mortgage Principal $340,000.00
Monthly Payment $1,825.00
Still Owing at End of Term $0.00

*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).

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