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George town development site

George Town

414887

MLS #

0.29

Lot Size

629857|629858|629859

CIREBA MLS LDX feed courtesy of PARADISE PROPERTIES CAYMAN

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Property Overview

MLS # 414887

Price

CI $650,000

Property Type High Density Residential
Property Status Current
Property Location George Town Center
Lot Size 0.29
Land area 30 SqFt
View Inland
Block 13D
Parcel 310
Width 100.00
Depth 124.00

Property 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!!

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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).