Michael Binckes
Sales Associate
Sale
Current
Piccadilly Centre and Parking Garage
George Town Centr, Cayman Islands
US$13,950,000
PROPERTY TYPE & AGE
Commercial (built 1995)
SQUARE FOOTAGE
72640
Commercial / Offices/Mixed Use
MLS: 420703An absolute landmark in GeorgeTown's central commercial hub, surrounded by the Government Administration building, the GT police station, Cricket Square and other prestigious and relevant commercial properties, Piccadilly Centre and Parking Garage is fully tenanted with new additions to build on the existing 7% returns. With 22000sf of office space fully tenanted, 4800sf of storage units and 167 parking spaces this is an extremely sought after commercial investment. Budgeted and realistically forecast 2027 income produces over 8% returns making this one of the best performing commercial properties in GT. The building has been substantially upgraded and maintained and is in suburb condition to hand over to new ownership.
Property Detail:
- Property For: Sale
- Listing Type: Offices/Mixed Use
- Block: 14BH
- Parcel: 142
- Country: Cayman Islands
- Views: Inland
- Property Status: Current
- Acreage : 0.51
Other Features
- Acres: 0.51
- Zoning: AC (Multi-Zone)
- Foundation: Oven (No)
- Direction: Opposite the GT Police Station on Elgin Ave
Location Map
Mortgage Calculator
Loan Amount
Total Interest
Your Estimated Payment
-
Down Payment Required
$0.00 -
Mortgage Principal
$0.00 -
Monthly Payment
$0.00 -
Still Owing at End of Term
$0.00
