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FOR SALE BY SEALED BID - GEORGE TOWN FINANCIAL CENTER - GREAT ROI., George Town, Grand Cayman, Cayman Islands

FOR SALE BY SEALED BID - GEORGE TOWN FINANCIAL CENTER - GREAT ROI.
MLS#: 405867
Sealed Bid
TYPE: For Sale (Commercial)
Price: US$7,950,000

FOR SALE BY SEALED BID - Just reduced by US$1 million! Sold 80% leased offering an excellent 7.2% return increasing to 10.34% once 4th floor is leased and up to 21% if leveraged! Landlord motivated. Excellent opportunity for a strong, long-term return. Attractive five storey office building in prime George Town location on corner of Fort and Mary Street close to court houses and all central amenities. Building was totally renovated after Hurricane Ivan to the highest storm-resilient standards, with new impact rated glazing system, a full back-up generator and emergency water supply via the basement cistern. Building elevation of 11' above mean sea level is well above flood plain providing additional security. Interiors are well fitted and well-sized floor plates and building location attract a wide range of high quality tenants. Safe investment offering a strong, guaranteed ROI and long-term appreciation. Class A Bank Financing Available 15 year term, 65% LTV. LATEST: Anchor Tenant Maitland's Lease to be renewed shortly. IRG will stay on as managers and leasing agents if purchaser wishes.


  • SQUARE FEET:26,507
  • YEAR BUILT:1990

Property Features

  • Views -Inland Land
  • Address - Fort Street
  • Status - Active
  • Acreage -0.46
  • Sector -George Town
  • Zoning -Commercial
  • Block -OPY
  • Parcel -19
  • Class -Existing
  • Construction -Block
  • Foundation -Slab
  • Furnished -Unfurnished

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Jeremy Hurst

- BROKER/OWNER
+1 345 525 9900
+1 345 623 1111