Michael Binckes
RE/MAX CAYMAN ISLANDSDescription
MLS ID: 415966 - The Strand Retail complex is perfectly positioned on West Bay Road, a few hundred feet from The Ritz with huge street frontage and visibility. This offering is for the full entertainment complex of 14,719 sq. ft., which includes tenants such as KFC, Silk Chinese Restaurant, Lillies nightclub, The Lodge and Spanglish. All leases are triple net, long term with good escalation clauses. Income offers a current ROI of 7% growing annually. Further to the current offer, there is a redevelopment opportunity which has already been given a green light by all members and is in the early planning stages.
listing details
- Listing ID: 00003001178
- Property type: House/Villa
- Contract type: For Sale
- Price: $ 12,000,000.00
- Stories/Floor: 2
- Garage capacity: 1
- Year built: 1997
- Construction size: 0.00 Sq. Ft. - 0.00 Sq Mt.
- Lot size: 14,719.00 Sq. Ft. - 1,367.44 Sq Mt.