G.T. Yacht Club & Development Site George Town East, Grand Cayman

$31,500,000 /US$
Area (Sq Ft)
570636

The space

  • Land Size: 13.1 Sq Ft
  • Year Built: 2012
  • Listing Type: Retail
  • Zoning: Commercial Marine
  • Acreage: 13.1
  • Beach Frontage: 1850 ft
  • Road Frontage: 350 ft
  • Class: Existing
  • Construction: Concrete
  • Foundation: Slab
  • Occupant: Tenant
  • Possession: At Closing
  • Land Title: Freehold

Amenities

General
  • Furnished: Yes
  • Hurricane Shutters
  • Storm Windows
  • Generator
  • Security
Outdoor
  • Water Frontage

Views

  • Water Front

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.

Directions

Drive North along North Side Road, past CUC, and GTYC is at end of road at the North Sound on the right.

Contact the Agent

Kass Coleman

Sales Associate/CIREBA Member
Office
+1 345-949-2396
Cell:
+1 345-916-0378
Skype
kass.coleman
Kass has over 25 years of Cayman Real Estate with RE/MAX under her belt! Kass “Canada”, the oldest of five, grew up in Virginia Beach, Virginia and Jackson Hole, Wyoming with a few fun packed learning years in Washington D.C. after College. Kass’s love for the Cayman Islands began in 1986 when she came to visit some college friends who grew up here in Cayman. So began her Cayman career, first as a Flight Attendant for Cayman Airways, the National Airline, then moving into the Sales & Marketing Department, where she stayed until 1992. The change that made all the difference came in 1993 when she became a sales associate with the relatively new franchise to Cayman, RE/MAX Fist Realty, which started in 1991 (it became RE/MAX Cayman Islands in 1996). Over the years, Kass has excelled and achieved many awards….Circle of Legends is her Favorite! Kass is always a…