Property Description

Prime 10 Units on 0.46 Acres George Town Development & Investment Opportunity

Attention developers and investors. This is a rare opportunity to acquire a strategically located 0.46-acre Neighbourhood Commercial density property in the heart of George Town, comprising two income-producing apartment buildings at 37 and 47 Maple Road.

Positioned just 1,200 feet from the landmark ONE GT ultra-luxury high-rise development and approximately 1,000 feet from the proposed ELDEMIRE high-rise project on Boilers Road, this property sits within one of Grand Cayman’s most rapidly evolving urban corridors. The site also backs directly onto Doctors Hospital, further enhancing its long-term redevelopment potential.

The property consists of two separate two-storey apartment buildings totaling approximately 8,550 square feet of gross external area and providing ten rental units. Both buildings are fully occupied and currently generate well in excess of CI$180,000 in annual net income, while rental rates remain below current market levels, offering significant upside potential.

Property Summary

0.46-acre Neighbourhood Commercial parcel
Two apartment buildings: 37 & 47 Maple Road
10 rental units
Total building area: approximately 8,550 sq. ft.
Fully occupied with stable rental income
Net annual income exceeding CI$180,000
All units individually metered for electricity through CUC
Shared laundromat facility
Exceptional redevelopment and land-banking potential

37 Maple Road
This building has undergone extensive renovations exceeding CI$300,000, transforming the property to a high condominium-quality standard. Improvements include natural stone flooring, marble bathrooms, frameless glass shower enclosures, custom solid wood kitchens, split-system air conditioning, new plumbing and electrical systems, exterior stucco upgrades, a new standing seam roof, and infrastructure for individual utility metering.

The building comprises:

Two ground-floor 2-bedroom, 1-bathroom apartments
Three upper-floor 1-bedroom, 1-bathroom apartments
Building area: approximately 3,350 sq. ft.

47 Maple Road
Constructed entirely of concrete, this building comprises five spacious 2-bedroom, 1-bathroom apartments. The property is fully occupied and generating strong income but presents a value-add opportunity, as the units remain largely in original condition and would benefit from modernization and cosmetic upgrades.

Five 2-bedroom, 1-bathroom apartments
Building area: approximately 5,200 sq. ft.
Significant rental upside through renovation and repositioning

Whether you're seeking a high-yield investment, a redevelopment site in a rapidly transforming district, or a combination of both, this offering presents a compelling opportunity to secure a substantial income-producing asset in one of George Town's most sought-after growth locations.

Opportunities of this scale, location, and income profile rarely come to market.
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