#5 PALM GROVE

  • $425,000
George Town, Cayman Islands
  • 782
  • Sq Ft
  • 2011
  • Year Built

CIREBA MLS LDX feed courtesy of WILLIAMS2 REAL ESTATE

Description

LOCATION LOCATION LOCATION!
This is a tremendous opportunity to own a commercial space in an absolutely prime location in central George Town. Palm Grove is situated on a major 4-way intersection and therefore benefits from very high commercial visibility and brand exposure (through exterior signage). This unit offers just under 800 sq. ft of prime commercial space and is on the first floor and there is both an elevator and stairs. The building is low density with only 8 units in total and is built like a fortress with excellent building integrity and has hurricane rated windows and doors.
The unit is ready to move in, has its own private bathroom, and a drop tile ceiling to accommodate your IT needs. The building was renovated last year, is energy efficient and has the benefit of solar panels which are part of the CUC CORE agreement, so you will have very low electric bills.
During the building renovation, the entrance corridor was enclosed, air conditioned and sound proofing was added, so although the building is on a busy intersection you are protected for road and aircraft noise.

Just 2 minutes from the hospitals and a stone’s throw from the airport and Fosters Food Fare, this super commercial space would make an ideal professional office, or a great location for a wellness facility. The building is wheelchair accessible and has ample parking.
If you are looking for a great move-in ready space close to all conveniences of central George Town, then look no further.
If you are an investor looking for a commercial investment in the heart of Cayman’s capital, this space could offer great rental ROI and potential anticipated capital appreciation over time, due to its central location.

Details

Updated on February 24, 2024 at 9:46 am
  • MLS#: 416020
  • Price: $425,000
  • Property Size: 782 Sq Ft
  • Year Built: 2011
  • Property Type: Commercial
  • Property Status: Current

Additional details

  • Views: Inland
  • Lot Size: 0.3484
  • Road Frontage: 230
  • Foundation: Slab
  • Furnished: No
  • Zoning: Commercial
  • Block: 14D
  • Parcel: 65H5
  • Address Smith Road
  • City George Town
  • Area 30
  • Country Cayman Islands

Mortgage Estimate

Your estimated monthly mortgage payment:
Monthly
  • Principal & Interest

Additional fees such as C.I Government Stamp Duty, bank commitment fees, and other minor closing fees could be added onto final purchase price.

Talk to one of our experience Corcoran agents who will guide you through your purchasing journey.

Video

#5 PALM GROVE

  • $425,000
George Town, Cayman Islands
  • 782
  • Sq Ft
  • 2011
  • Year Built

CIREBA MLS LDX feed courtesy of WILLIAMS2 REAL ESTATE

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