April 2010 - Cayman Islands
IRG, Cayman Property specialists, have announced that Cayman commercial property Zephyr House has just been brought back onto the market. IRG, Cayman's leading commercial real estate company, acquired this prime Cayman property on behalf of European based Letterstone plc
The office building comprises 5 floors of quality office space totalling almost 18,000 sq.ft. of space. It is fully rented and offers a cash on cash return on investment of around 9% plus, says Jeremy Hurst, owner/broker of Cayman Property specialists, IRG, "signficant opportunity for appreciation"