Property ID: 5020259

Price: 5020259 60000.00 GBP

Key Features

Land

Cayman Islands - Little Cayman -

Development Land

Full Description

Repossession Plot - 25% Below Market Value - Reduced from £80,000 to £60,000 for quick sale

The Cayman Islands enjoys a prominence on the global stage that far belies its physical size.Already a major global player in the tourism and financial services sectors, this British Overseas Territory has now become a hotbed for investment thanks to an outstanding set of credentials.

This plot, L42, selling at only £60,000 - 25% below market value, interest-free payment plan available to all - due to its distressed status, lies in an exclusive villa development on the tranquil island of Little Cayman. 

While other investment markets are in stagnation or decline, the ever-increasing demand for land means that this is one of the few growth investment strategies of today.  

Key attractions

• 25% below market value
• Freehold residential villa plots
• Non-status, interest free payment plan
• SIPP compliant
• Zero taxation
• British overseas territory, British common law
• Economic and political stability

Advantages to investing in the Cayman Islands

Residents benefit from absolutely no taxes, including no income tax, no capital gains tax and no inheritance tax. 

The Cayman Islands are the fifth largest offshore financial centre on the planet. 

The housing market enjoys an end user who is established and wealthy, such as high net worth employees of the world's best financial institutions such as Merrill Lynch and UBS. 

The Cayman Islands government grants and guarantees all title to property, therefore there are no legal restrictions to foreign buyers owning property. 

The islands are an official territory of Britain, and enjoy a stable and peaceful government which operates under British laws. 

Tourism is one of the largest industries on the islands, contributing to 30-40% of GDP output. The Cayman Islands are considered one of the world's best luxury destinations, with white sand beaches, scuba diving opportunities, duty-free shopping, and designer golf courses which attract 1.8 million sophisticated visitors annually. 

The government is committed to investing in all sectors of the economy on a long-term basis. 

At the moment, over 55 flights travel every week to Grand Cayman, with 28 coming from Miami, USA and others flying from Heathrow in London and Toronto, Canada. 

An expansion of the airport is planned, which will triple its capacity and make the Cayman Islands even more accessible from North America and Europe. 

Contemporary Freehold Villa Plots

Each of the ideally located plots of land in Little Cayman Estate is provided with all infrastructures already in place on site. Your villa plot will have a finished asphalt road and access to the island's power supply already built in. Infrastructure is typically completed within one to three years from the date that you purchase your villa plot on Coral Estate.

Investors are granted a full title after all payment terms are finalized and fulfilled, giving them complete freehold ownership. The Land Registry Department of The Cayman Islands Government protects and guarantees all land titles.

House in a Box

Investors have a choice of three villa designs, which are determined by the master plan of each site. When you purchase your plot, you will receive a full suite of bespoke architectural drawings. All you have to do is choose your dream home, and the Developer will then submit the documentation and architectural designs necessary to obtain the licenses for construction. The tender process and the construction of the property will be managed by the Developer. To learn more about our "House in a Box" system, please refer to our brochure or contact a member of our team for more information.

Location: Little Cayman

Plot Price: £60,000 was £80,000
Reservation Fee: £1,000
Deposit: £9,000
Payment Plan: 10 quarterly interest free payments of £5,000