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.