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INVESTMENT PROPERTY- CENTRAL GEORGE TOWN
(South Sound, Old Prospect Point & Spotts, Cayman Islands)CI$499,000
- 4 Bedrooms
- 4 Bathrooms
- 2,503 Sq. Ft.
- 0.33 Acreage
MLS# 420843
Prime redevelopment opportunity in the heart of Central George Town. Strategically positioned in a high-demand growth corridor, this property offers exceptional po...
Property Description
Prime redevelopment opportunity in the heart of Central George Town. Strategically positioned in a high-demand growth corridor, this property offers exceptional potential for investors and developers seeking a multi-unit, residential, or mixed-use redevelopment project. The site currently includes a main house and two separate rental units generating existing income, providing holding revenue while redevelopment plans and approvals are pursued. The property is ideally suited for refurbishment subject to planning approvals. Located minutes from George Town’s commercial center, schools, shopping, restaurants, and key transport routes, demand for centrally located housing and rental accommodation in this area continues to grow. Opportunities of this nature in Central George Town are increasingly limited, particularly properties offering both immediate income and long-term redevelopment upside. A rare chance to secure a centrally located redevelopment site with existing cash flow in one of Grand Cayman’s most active investment markets.
Key Features
Property Type:Residential
Listing Type:Single Family Home
Property Status:New
Year Built:1996
Address:Fairfax Way, South Sound, Old Prospect Point & Spotts
Views:Garden View
Block:14D
Parcel:310
Foundation:Slab
Zoning:Low Density residential
Furnished:Partially
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$99,800.00
Mortgage Principal
$399,200.00
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$2,143.00
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*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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