Coutts Bldg Parcels – Prime Dev’t Site

Sell New

US$6,500,000

W Bay Bch North Cayman Islands

CommercialOffices/Mixed Use
MLS# 418230
16689 SqFt

The two Coutts parcels of land are located in a high traffic location, opposite Seven Mile Beach with great visibility. The land is adjacent to Public Beach on West Bay Road in a rapidly developing area of exclusive resorts, prestigious residential developments, and fine shops, restaurants, and commercial businesses.  This superior, Hotel/Tourism zoned Coutts development site is comprised of a parcel with the Coutts Building and a vacant parcel, for a total of 1.06 acres.  These parcels can accommodate a development up to 8 storeys with the scale to afford significant returns on investment.  You can develop a new 2 storey retail center on the front pad and a 7 to 8 storey building with 25 apartments behind it on the second pad.  A site redevelopment feasibility study has just been completed and is available for review.  In terms of land with vast West Bay Road frontage and high density zoning, including beachfront access to a public park just across the street, sites like this very rarely become available.  This is a tremendous opportunity to acquire two parcels that can be developed at the same time or individually.  Continue to rent out the Coutts building and gain rental income while development plans are prepared.

Address

  • Block : 11B
  • Parcel : 55,58
  • Area : 55,58 W Bay Bch North
  • Country : Cayman Islands
  • Latitude - Longitude : 19.347655747261776 -81.38188722815032
  • Direction : 1446 West Bay Road, adjacent to Public Beach.

Property Detail: Updated on : October 06, 2024 6:00 am

  • MLS# : 418230
  • Property For : Sell
  • Property Status : New
  • SquareFeet : 16689
  • Year Build : 1996
  • Acreage : 1.06
  • Views : B
  • Property Type : CommercialOffices/Mixed Use

Other Features

  • Stories : 2
  • Court Order : No
  • Forced Sale : No
  • Water Frontage : No
  • Stories Building : 2
  • Garage : No
  • Fence : No
  • Den : No
  • Living Room : No
  • Kitchen : No
  • Family Room : No
  • Dining Area : No
  • Breakfast : No
  • Pool : No
  • Covenant : No
  • City Water : No
  • Patio : No
  • Zoning : Hotel/Tourism
  • Class : Existing
  • Construction : Block
  • Foundation : Slab
  • Frontage Road : CityMaintained
  • Road Frontage : 600
  • How Shown : By Appointment/List
  • Land Certificate : Not Issued
  • Occupant : Tenant
  • Oven Or Range : No
  • Dishwasher : No
  • Microwave : No
  • Refrigerator : No
  • Tennis : No
  • Monthly Maint Cost Curr : CI$
  • Insurance In Maint : No
  • Sewage In Maint : No
  • Monthly Insurance Curr : CI$
  • Monthly Sewage Curr : CI$
  • Annual Income Curr : CI$
  • Pets In Maint Cost : No
  • Pets Maint Cost Curr : CI$
  • Tv In Maint Cost : No
  • Tv Maint Cost Curr : CI$
  • Ac In Maint Cost : No
  • Ac Maint Cost Curr : CI$
  • Pool In Maint Cost : No
  • Pool Maint Cost Curr : CI$
  • Gardening In Maint Cost : No
  • Possession : At closing
  • Road Surface : Asphalt
  • Title : Freehold
  • Car Port : No
  • Utility : No
  • Septic : No
  • Sewer : No
  • Well : No
  • Cistern : No
  • Disposal : No
  • Dock : No
  • Security Alarm : No
  • Elevator : No
  • Annual Operating Costs Curr : US$
  • Annual Operating Costs : 10000
  • Media Room : No
  • Wine Room : No
  • Health Center : No
  • Gym : No
  • Hurricane Shutters : No
  • Storm Windows : No
  • Currency : US$

Listing Location

Michael Binckes
Sales Associate

+1 (345) 945 2011

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