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Jjt warehouse

George Town East
Lot Size

Property Overview

  • MLS # 413134
  • Price CI $499,000
  • Property Type Warehouse
  • Property Status New
  • Year Built 2005
  • Lot Size 1.15
  • Land area 30 SqFt
  • View Inland
  • Block 20B
  • Parcel 409-1H8
  • Square Feet 2000.00
  • Foundation Slab
  • Furnished No
  • Zoning Light Industrial
  • Road Frontage 443

Property Description

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One of the few warehouses on the market. Fantastic design with two floors, each 1,000sqft. For a total of $2,000sqft. Two Roll up Doors. Two bathrooms, one shower.

Currently separated for two tenants, can be further separated for even three tenants with no additional cost or work.

Absolutely perfect for a small/medium business HQ. With air conditioned offices/storage/restroom upstairs.
Air conditioned workshop downstairs, or AC not needed with both massive roll up doors open the breeze goes through. Super high approx 20′ ceiling’s on 1st floor. Configuration possibilities are endless.

Very central, with close proximity to Gas Station, Airport, Customs, Cargo Distribution Center, Parker’s, CUC etc…

Both Floors finished, painted and air conditioned.
Bathrooms, Shower, etc.

For the investor:
Monthly Rents in the area or type of listings range between $30 to $40/ft/yr, and that is for raw warehouses without offices, Air Conditioning and only a single roll up door, one (or none) bathroom etc.

Assuming a rental income of $4500/mo, which is only $27/ft/yr, the ROI would be 10%. Not accounting for any appreciation that would be realised. Higher rent is possible, &/or if split into 3 tenants (already prepared) the monthly /ft price would naturally higher, for a higher ROI.

This is a one of a kind of opportunity!
Agent Owned

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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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