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 Price : US$ 669,000 Type : Home - Apartment / Condo REF : CAI0003 

Grand Cayman : East End                                          WITHDRAWN                                   Cayman Islands Condo


Ultra luxury condos available in this new resort, located right on the beach in the most exclusive location in Grand Cayman. Many different designs to choose from, with prices starting from US$669,000.

Cayman Islands Condo

This resort offers the following facilities to owners a reception area, Island Bar & Grill, huge swimming pool complex, beach club, business and management services, childrens facilities, water sports centre, fine dining, bar, wine cellar and resort services.

Cayman Islands Condo

Cayman Islands Condo

There is also a 15,500 square foot Spa and wellness centre, which will offer eight private treatment rooms, a full service salon, traditional oriental and deep tissue massages, facial and full body treatment, plus grooming, manicures and pedicures, aromatherapy, yoga and tai chi yard, retail space, relaxation areas, Saunas, Turkish steam baths and full shower and change room facilities.

Cayman Islands Condo

Cayman Islands Condo

The condos for sale at this resort include 4 and 3 bedroom penthouse condos, and 2 and 3 bedroom condos of various designs.

 

 

 

 

 

Click Here to view Floor Plans

Cayman Islands Condo

Cayman Islands Condo

Each residence is being built to the highest standards for discerning owners, who only expect the best.

 

 

 

Each owner has the opportunity to own a purpose-built condo with hotel lock off suite/s, allowing the owner to place either their master suite, or the independent hotel lock offs, in a managed rental program.

Cayman Islands Condo

Cayman Islands Condo

 


Owners in the rental program will have the right to use their condo for 8 weeks per annum, with usage during high season reduced to 4 weeks per annum (high season usage is a 2 -1 usage ratio). Owners who guarantee their lock off suites to the management for high season will still gain full usage of their master suite for 8 weeks per annum and not be penalized for usage during high season.

 

Cayman Islands Condo

The rental program is entirely voluntary and owners may choose to use their condo all year round and not rent.

Cayman Islands Condo

Cayman Islands Condo


These ultra luxury condos offer a great investment opportunity for anyone seeking a vacation home and rental income, and have the extra advantage that they may be used as a permanent home by the owner all year round.

For further information, prices & availability, click on the Contact Us buttons at the top or bottom of this page.


 
Buying Property in the Cayman Islands

There are no legal restrictions on the ownership of property by foreigners, where the property is for the personal use of the owner; however the ownership of property for business purposes is subject to licensing.

Property Title
Most properties in the Cayman Islands are freehold, although there are a few leasehold properties. Title to Cayman Islands property can be held by individuals, either alone, jointly, or in the name of a company.

Land Registry
Property in the Cayman Islands is recorded in a registered system maintained by the government and open to public inspection. Buyers may examine the registration of any property and see who owns the property and whether there are any charges against the property. Since the registry process requires each property to be carefully scrutinised before it can be registered, a registered property effectively guarantees title.

Mortgages & Bank Loans
Foreigners may open bank accounts in the Cayman Islands and take out a loan to finance a property purchase. The banks will often lend up to 50 to 75% of the property value to foreigners, but will normally require the first legal hold over the property. When lending to a company, the banks will usually ask for a personal guarantee from the directors or shareholders. Loans and mortgages are however normally only available for properties that have been constructed and rarely given for pre-construction properties.

Cayman Islands Stamp Duty
Stamp duty of 6% is payable to the government on all property purchases (7.5% for properties on Seven Mile Beach). There is also a 1% stamp duty payable on mortgages up to CI$300,000 (approx. US$240,000) and 1.5% stamp duty on mortgages exceeding this value.

Buying Cayman Islands Property
The conveyancing of a property in the Cayman Islands is straightforward and can be undertaken by a large number of legal firms based on the islands. The fees for conveyancing a property are usually a small percentage of the purchase price of the property.
 

 

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Last Updated On 23 Jan 2018