G.T. Yacht Club & Development Site.
George Town, Cayman Islands
Listing ID: 00003015442
Tremendous opportunity to leverage the vast amount of established infrastructure through further development of condominiums, retail, and residential and increased business operations.
In conjunction with further development, substantially increased revenues could be realized from the yacht club and marina operations, retail rentals, and residential/tourist rental income.
1,450 linear feet of dock/mooring space can be leased.
Planning approval is in place for development of 54 Seafront condominiums with 126 bedrooms at a highly profitable return on sales.
At maximum capacity, this could potentially be increased to 217 condominiums and 365 bedrooms.
Additional commercial site can accommodate around 28,500 sq.
of mixed use development, directly fronting the airport corridor road.
This road will soon join directly to Seven Mile Beach, providing much more exposure, visibility, and traffic.
With additional investment and some diversification, this property can be developed and further improved to provide highly lucrative ongoing returns.