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MLS: 420703

Piccadilly Centre and Parking Garage

George Town Centr, Cayman Islands

US$13,950,000

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About this property

An 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.

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Property details

Piccadilly Centre and Parking Garage

Status

New

View

Inland

Listing Type

Offices/Mixed Use

Block & Parcel

14BH / 142

Acres

0.51

Direction

Opposite the GT Police Station on Elgin Ave

Location

George Town Centr, Cayman Islands

Mortgage estimate

30
13950000.00$
20
5
30

Your estimated monthly mortgage payment

$59,909
Mortgage Size
$2,790,000
Mortgage Interest
$0
Total Mortgage Paid
$11,160,000

*Our Mortgage Calculator lets you estimate your monthly mortgage payment input different house prices, terms, interest rates, and down payments and see varying monthly loan amounts.

Highlights

Commercial
Type
72,640 sqft
Living
1995
Year Built
0.51
Acreage
New
Status

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