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G.T. YACHT CLUB & DEVELOPMENT SITE , Grand Cayman

MLS#: 410738
LISTING TYPE: Commercial
US$31,500,000
Square Feet
570636
YEAR BUILT
2012

PROPERTY DETAILS

  • Property Type: Commercial
  • Status: Current
  • Foundation: Slab
  • Zoning: Commercial Marine
  • Furnished: Yes
*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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Property Description

Tremendous opportunity to leverage the vast amount of established infrastructure through further development of condominiums, retail, and residential and increased business operations. In conjunction with further development, substantially increased revenues could be realized from the yacht club and marina operations, retail rentals, and residential/tourist rental income. 1,450 linear feet of dock/mooring space can be leased. Planning approval is in place for development of 54 Seafront condominiums with 126 bedrooms at a highly profitable return on sales. At maximum capacity, this could potentially be increased to 217 condominiums and 365 bedrooms. Additional commercial site can accommodate around 28,500 sq. ft. of mixed use development, directly fronting the airport corridor road. This road will soon join directly to Seven Mile Beach, providing much more exposure, visibility, and traffic. With additional investment and some diversification, this property can be developed and further improved to provide highly lucrative ongoing returns.

CONTACT AGENT

Broker/owner, The Lund Team
Company:
RE/MAX CAYMAN ISLANDS
Office:345-949-9772
Cell:345-916-5555
Email:kim.lund@remax.ky
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