A unique opportunity to purchase both commercial and residential land in the heart of the country’s capital, George Town, on Hospital Road. These properties are being sold as one and are a combination of general commercial and neighborhood commercial parcels. The general commercial parcel sits at 0.40 acres and the neighborhood commercial parcel is 0.32 acres, respectfully a combined total of 0.72 acres.
With the Government’s “Revitalization of George Town” initiative, this property really has endless possibilities. A new 10-storey hotel is being built just minutes away, paving the way for a new innovative property to built just down the road. The parcels could be formed together and give a developer the ability to build 7 story's making the space even more profitable for a savvy developer!
The current owner is willing to form a partnership, so don’t hesitate to reach out before someone else does!
The specifications for each parcel is as follows:
General Commercial Parcel
This lot has a 5-bedroom, 4-bathroom home that stands at over 4,000 square feet on 0.40 acres, with oversized rooms, including the sitting room, family room, kitchen, and laundry. Originally constructed in 1966, the traditional home saw a recent addition in 1985, which consists of walls and partitions of six-inch concrete blocks and solid filled. The home has a double car garage with a storage room attached, a large home office and two water cisterns, approximately 30,000 gallons.
With less than a minutes’ walk to the Cayman Islands Hospital, Government Offices, and the wealth of business in George Town, this home and property has the potential to be converted into large offices.
Neighborhood Commercial Parcel
Potentially one of the last commercial development sites in central George Town at 0.32 acres, this adjoining parcel is currently decorated with mature fruit trees; however, has the ability to become the site for a 3 storey office building, subject to parking.
The parcel is in a prime location for prospective corporate headquarters or a parking lot.
4,000 Sq.Ft. LIVING AREA
0.72 Acres lot
The parcels are in a prime location for prospective corporate headquarters or a parking lot.–
At Evron Realty, we are dedicated to providing you real estate services at a fee that better serves you, the Client. Do not feel penalized for building value in your home and not being able to capitalize on this appreciation. We do not believe in charging more for the same service because a home is worth more.Contact Us