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THE STRAND ENTERTAINMENT COMPLEX Seven Mile Corridor, Grand Cayman
MLS#: 415966
Listing Type: Hotel/Guest House
US$12,000,000
Square Feet
14719
Year Built
1997
Property Details
- Property Type: Commercial
- Status: Current
- Foundation: Slab
- Zoning: Commercial Neighbourhood
Property Information
The Strand Retail complex is perfectly positioned on West Bay Road, a few hundred feet from The Ritz with huge street frontage and visibility. This offering is for the full entertainment complex of 14,719 sq. ft., which includes tenants such as KFC, Silk Chinese Restaurant, Lillies nightclub, The Lodge and Spanglish. All leases are triple net, long term with good escalation clauses. Income offers a current ROI of 7% growing annually. Further to the current offer, there is a redevelopment opportunity which has already been given a green light by all members and is in the early planning stages.
*Disclaimer: CIREBA uses a conversion rate of KYD 0.82 to US 1.00. It is important to check with your local real estate agent or financial institution as the KYD/USD exchange rate may differ when purchasing real estate in the Cayman Islands.
Property Enquiry
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