GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS - $ 2,754,000

Overview

PROPERTY#:14813150

$ 2,754,000

Prime 10 Units on 0.46 Acres George Town Development & Investment Opportunity Walker Road, George Town

George Town

     Attention developers and investors. This is a rare opportunity to acquire a strategically located 0.46-acre Neighbourhood Commercial density property in the heart of George Town, comprising two income-producing apartment buildings at 37 and 47 Maple Road.nnPositioned just 1,200 feet from the landmark ONE GT ultra-luxury high-rise development and approximately 1,000 feet from the proposed ELDEMIRE high-rise project on Boilers Road, this property sits within one of Grand Cayman’s most rapidly evolving urban corridors. The site also backs directly onto Doctors Hospital, further enhancing its long-term redevelopment potential.nnThe property consists of two separate two-storey apartment buildings totaling approximately 8,550 square feet of gross external area and providing ten rental units. Both buildings are fully occupied and currently generate well in excess of CI$180,000 in annual net income, while rental rates remain below current market levels, offering significant upside potential.nnProperty Summarynn 0.46-acre Neighbourhood Commercial parceln Two apartment buildings: 37 & 47 Maple Roadn 10 rental unitsn Total building area: approximately 8,550 sq. ft.n Fully occupied with stable rental incomen Net annual income exceeding CI$180,000n All units individually metered for electricity through CUCn Shared laundromat facilityn Exceptional redevelopment and land-banking potentialnn37 Maple RoadnThis building has undergone extensive renovations exceeding CI$300,000, transforming the property to a high condominium-quality standard. Improvements include natural stone flooring, marble bathrooms, frameless glass shower enclosures, custom solid wood kitchens, split-system air conditioning, new plumbing and electrical systems, exterior stucco upgrades, a new standing seam roof, and infrastructure for individual utility metering.nnThe building comprises:nn Two ground-floor 2-bedroom, 1-bathroom apartmentsn Three upper-floor 1-bedroom, 1-bathroom apartmentsn Building area: approximately 3,350 sq. ft.nn47 Maple RoadnConstructed entirely of concrete, this building comprises five spacious 2-bedroom, 1-bathroom apartments. The property is fully occupied and generating strong income but presents a value-add opportunity, as the units remain largely in original condition and would benefit from modernization and cosmetic upgrades.nn Five 2-bedroom, 1-bathroom apartmentsn Building area: approximately 5,200 sq. ft.n Significant rental upside through renovation and repositioningnnWhether you're seeking a high-yield investment, a redevelopment site in a rapidly transforming district, or a combination of both, this offering presents a compelling opportunity to secure a substantial income-producing asset in one of George Town's most sought-after growth locations.nnOpportunities of this scale, location, and income profile rarely come to market.nYour First Step to Homeownership Starts with Pre-Qualification!nBefore you begin searching for your dream property, get pre-qualified with your bank or lender. Find out how much you can borrow, what your estimated closing costs will be, and ensure you meet the lender's financing requirements.nOnce you're pre-qualified and understand your budget, you can confidently start looking for properties that fit both your needs and your lender's criteria.nKnow your budget first. Shop with confidence second.

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