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MLS#: 417319

Whitehall House - Prime Commercial Building

George Town, Grand Cayman
US$17,500,000
Type: Commercial
  • 25,000
    SQ FT
  • 1997
    YEAR BUILT
  • 0.82
    ACRES
54 people viewed this property since last week.

Property Information

Presenting a rare opportunity to own Whitehall House, a prime income-producing office building on the waterfront in George Town, Grand Cayman. Situated in on of the worlds leading financial centres, the Cayman Islands provide a highly sought after tax-neutral and business-friendly environment.

Benefit from a tax efficient investment, not only offering a strong financial return but also the opportunity to own a truly outstanding recording studio on its 4th floor. Additional benefits include the potential to take advantage of the Cayman Islands innovative Permanent Residence by Investment program.

Whitehall House overlooks the picturesque Caribbean shoreline just north of Grand Caymans capital. Comprising 4 floors, the building offers a main lobby, private garage and undercover parking on the Ground Floor, various suites of fully leased offices on the 2nd and 3rd Floors, and on the 4th Floor a world-class recording studio, with spectacular penthouse facilities and views to match.

Ironshore Studios on the 4th Floor shines as an oasis for artistic and creative excellence. This state-of-the-art music and sound production facility offers a unique blend of technical perfection and sophisticated design, while exuding tropical allure from the inspirational Caribbean views. The exceptional space provides an unrivalled setting for any music artist, producer, or manager.

The 4th Floor space is truly stunning. Carefully designed to make the most of the unparalleled views and natural beauty, Ironshore Studios will impress even the most sophisticated sound industry professional. The facility is equipped with a world class control room (with SSL Duality 72-channel console), two live rooms, and vocal suite. No expense has been spared in the pursuit of perfection and the ultimate recording environment. However, the space extends significantly beyond the recording infrastructure, to include a bar and lounge, catering kitchen, conference room, executive offices, and ensuite bedroom, most of which enjoy light and airy ocean views. The studio is interconnected by state-of-the-art audio-visual systems, protected by a two stage UPS power backup. This floor was completely refurbished in 2023, to include reinforcement of the building substructure and the intricate acoustic design isolates the studio from external sound.

The studio is housed within one of the best maintained office buildings in the Cayman Islands and is offered as part of the overall Whitehall House investment package. The building is managed by regional property experts BCQS, who are an anchor tenant, alongside other well-respected financial industry, and professional tenants.

The successful purchaser will likely benefit from the excellent appreciation currently experienced in the growing and resilient Cayman Islands real estate market. There are no capital or property taxes other than the initial, on-off "stamp duty" payment to the Cayman Islands Government due at closing.

Constructed in 1997, Whitehall House, comprises approximately 26,888 square feet of gross internal area on a 0.82-acre site. Safely situated at around 8 feet above sea level, the site is zoned for general commercial use. The property is constructed with reinforced concrete foundations and walls, poured concrete floors, storm-rated windows, and benefits from a recently installed, engineered standing seam roof. The building was recently painted.

The building enjoys 114 linear feet of sea frontage, protecting the uninterrupted sea views from the building into perpetuity. Noteworthy other features include an engineered seawall, a backup generator, sprinkler system and an on-site sewage treatment system, all designed to a high degree of storm resiliency. There is an extensive parking lot with 56 designated parking spaces, in addition to the owners enclosed, private 8-car garage in the ground floor with direct access to the elevators.

Qualified buyers are encouraged to request an information prospectus.

Property Details

  • Status: Current
  • Listing Type: Office
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*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.
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. 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).

About INTERNATIONAL REALTY GROUP

IRG is the Cayman Island's leading integrated real estate and relocation services provider, as dedicated property professionals we offer our clients and customers a comprehensive range of high-quality, professional real estate services in the residential, commercial, relocation, leasing and property asset management markets.??IRG provides in-depth local expertise along with a truly global viewpoint and presence through its international affiliations with Knight Frank, Leading Real Estate Companies of the World and Luxury Portfolio.??We are a leader in the fields of luxury residential and beachfront property, raw land, commercial property and office space, development feasibility studies and market analysis.??More recently IRG has specialized in property acquisition and disposal strategies for distressed properties, including sealed bids and structured marketing plans for properties in receivership and liquidation. ??IRG also provides a full range of professional real estate marketing services with a proven reputation for delivering outstanding results.

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