One of the few warehouses on the market. Fantastic design with two floors, each 1,000sqft. For a total of $2,000sqft. Two Roll up Doors. Two bathrooms, one shower.
Currently separated for two tenants, can be further separated for even three tenants with no additional cost or work.
Absolutely perfect for a small/medium business HQ. With air conditioned offices/storage/restroom upstairs.
Air conditioned workshop downstairs, or AC not needed with both massive roll up doors open the breeze goes through. Super high approx 20' ceiling's on 1st floor. Configuration possibilities are endless.
Very central, with close proximity to Gas Station, Airport, Customs, Cargo Distribution Center, Parker's, CUC etc...
Both Floors finished, painted and air conditioned.
Bathrooms, Shower, etc.
For the investor:
Monthly Rents in the area or type of listings range between $30 to $40/ft/yr, and that is for raw warehouses without offices, Air Conditioning and only a single roll up door, one (or none) bathroom etc.
Assuming a rental income of $4500/mo, which is only $27/ft/yr, the ROI would be 10%. Not accounting for any appreciation that would be realised. Higher rent is possible, &/or if split into 3 tenants (already prepared) the monthly /ft price would naturally higher, for a higher ROI.
This is a one of a kind of opportunity!
George Town is the capital city of Cayman and at the heart of the financial services industry. Home to the Island's port, the George Town waterfront is filled with bustling tourists visiting the duty-free shops via cruise ship. George Town's residential areas are largely populated by Caymanian families, however, the neighbouring tranquil South Sound community consists of a largely expat family community and is highly sought after due to the convenience of its close proximity to town, schools and quietude.