Commercial https://www.irgcayman.com//rss-feeds/rssfeedsdata/commercial-for-sale www.irgcayman.com is your source for Cayman Residential Property: Commercial at Cayman Island. en-us 29 Nov 2020 04:42:50 Sun, 29 Nov 2020 04:42:50 -0500 29 Nov 2020 04:42:50 Sun, 29 Nov 2020 04:42:50 -0500 9% ROI w/Owner Leaseback -GEORGE TOWN FINANCIAL CENTER https://www.irgcayman.com/gtfc-sealedbid <a href="https://www.irgcayman.com/cache/listing/images/570_380/1461626957IMG2452.jpg"><img src="https://www.irgcayman.com/cache/listing/images/570_380/1461626957IMG2452.jpg" align="left" height="79" width="130" alt="9% ROI w/Owner Leaseback -GEORGE TOWN FINANCIAL CENTER" border="0" /> </a> <p>Sold with all office space leased offering an excellent 9%&plusmn; return increasing 4th floor is leased and up to 20%+ 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&#39; 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&#39;s Lease has been renewed. IRG will stay on as managers and leasing agents if purchaser wishes.</p> 86 MARY STREET https://www.irgcayman.com/86-mary-street-1 <a href="https://www.irgcayman.com/cache/listing/images/570_380/156901020215690088002019-08-2720.29.21.jpg"><img src="https://www.irgcayman.com/cache/listing/images/570_380/156901020215690088002019-08-2720.29.21.jpg" align="left" height="79" width="130" alt="86 MARY STREET" border="0" /> </a> Great opportunity to rent out as a secure elevated warehouse, with retail stores to the ground floor with offices to the second floor. <br/> <br/>Alternatively redevelop as with residential apartments to the 2nd floor, consistent with the CI Government's initiative for the regeneration of George Town. <br/> <br/>The site is zoned General Commercial and as such could theoretically be developed up to 5-7 storeys under current zoning regulations, subject to parking. Opportunity may exist to combine and develop with adjacent sites in future in this busy rejuvenating urban area. <br/> <br/>Strong immediate rental income potential with the opportunity for future development. <br/> <br/>Priced to sell.