Piccadilly Centre and Parking Garage
Available on request
19 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
An absolute landmark in George Town’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 22,000 sq ft of office space fully tenanted, 4,800 sq ft 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 superb condition to hand over to new ownership.
Last confirmed
- Year built
- 1995
- Type
- Commercial
- Land
- 72,635 ft²
- Use
- Office
- Lettable area
- 21,668 ft²
- Net yield
- 8%
- Occupancy
- 100%
- Parking
- 167
What this listing includes
- Parking
- Storage
- Air conditioning
- On-site security
What people say about Cayman Islands
Sources agree that buying in Grand Cayman is tax-light but not cheap to live with.
- Concern Cayman is among the most expensive places to live; imports and housing drive it
- Positive No annual property, capital gains or inheritance tax; one-time stamp duty is the main purchase cost (7.5%, 10% above CI$2m from 2026)
- Mixed Permanent residency by property needs CI$2m of developed real estate and is quota-limited; a cheaper 25-year certificate carries no right to work
- Mixed Strata fees are a material carrying cost, higher on Seven Mile Beach
The asking price is not what it costs.
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