WEST BAY DEVELOPMENT LAND OPPORTUNITY

  • US$5,350,000
W Bay, Cayman Islands

WEST BAY DEVELOPMENT LAND OPPORTUNITY

W Bay, Cayman Islands
  • US$5,350,000

CIREBA MLS LDX feed courtesy of CENTURY 21 THOMPSON REALTY

Overview

MLS#: 414966
  • Land
  • Property Type
  • City W Bay
  • Area 20
  • Country Cayman Islands

Description

This prime development parcel situated on over 4+ acres is exceptionally located, presenting an easy to access position on West Bay Road. This property is within walking distance to Cemetery Beach, Fosters Republix, Jacques Scotts Liquor Store and Cayman National Bank. These amenities make it appealing to a developer who may want to offer convenience to its residents.

Combining three parcels, the land is elevated from 3-8 feet and would not require a tremendous amount of fill or other site work. This is a fantastic opportunity to purchase a large parcel in this incredible location that has main road frontage and utilities already in place. An additional feature of this property is that it has access from three gazetted roads. Another bonus is that there is a 2,500 SQFT home which would be considered ‘improved upon’- an important point for those wishing to gain residency through the acquisition of property in the Cayman Islands.

Based on its zoning of low density residential, the parcel would accommodate approximately 96 bedrooms or 60 units. A unique opportunity for a savvy investor or developer.

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Details

Updated on September 27, 2022 at 8:59 am
  • MLS#: 414966
  • Price: US$5,350,000
  • Property Type: Land
  • Property Status: New

Additional details

  • Views: Inland
  • Lot Size: 4.0200
  • Road Frontage: 288
  • Soil: Other
  • Zoning: Low Density residential
  • Block: 5C
  • Parcel: 54,186,185

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