land & development in

Selworthy Grove, Cayman Brac, Cayman Islands, KY2

Starting Bid
£45,000
Time left:
Bid now

Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Rare development opportunity for sale
  • Site area 10,720sqft (0.246 acres)
  • UK British territory
  • RICS valuation report available
  • Completed infrastructure
  • All year round Caribbean sun
  • 2x tennis courts
  • Freehold title

land & development in

FOR SALE BY ONLINE AUCTION: terms and conditions apply.

We are pleased to offer to auction the rare opportunity to purchase a 10,720sqft (0.246 acres) development site located within Selworthy Grove on the incredible Cayman Brac, Cayman Islands. This plot is located within a gated community situated in an exceptional location on the south side of Cayman Brac. The development runs at an elevation providing panoramic ocean views for many of the plots.

There is a limited supply of residential building land on a small and exclusive island that is currently in the cycle of development. As Cayman Brac moves forward with many developments into the next number of years, demand for freehold building land is expected to increase. This demand as such is where most people expect to see a stable return.

With Cayman Brac only being 12 miles long by 1.5 miles at the widest point, buying a freehold building plot of land with planning permission would be seen as a very secure option by many purchasers.

Please note that we have not inspected this plot.

Summary

  • Property Type: Land & Development
  • Parking: Allocated

Location

The subject parcel is located in the Cayman Brac East registration district of Cayman Brac. Cayman Brac is referred to as a 'Sister Island' and is the second largest of the three Cayman Islands, being situated to the east of Grand Cayman.
More specifically, the parcel is located within a sub-division known as Selworthy Grove which is situated on the south side of the island. The parcel can be accessed by turning south off Major Donald Drive onto Sunshine Drive.
The immediate surrounding area comprises undeveloped land parcels and the nearest amenities are located on the north side of the island and to the west where there are hotels, bars and restaurants.

Google Earth location:
https://earth.google.com/web/search/cayman+Brac/@19.72253651,-79.76622512,34.99121233a,2083.11233053d,35y,-4.32293265h,13.67478268t,0r/data=CigiJgokCS1usM51ykpAEaVn88MlykpAGWzYQ9RLVgjAIS7mAaLAXwjA

Cayman Brac

Named for its breathtaking bluff, Cayman Brac is off the beaten track but remains charming, allowing thrill-seekers and nature-lovers to get up close and personal with rare flora and fauna. The tiny towns here have names like West End, Watering Place, Cotton Tree Bay, Creek and Spot Bay. Meanwhile, our laidback accommodations/accommodation options are the ideal place to unwind after another day packed with adventures.

Limestone caves and sinkholes contrast waters containing awe-inspiring dives along seawalls and even a sunken ship, as adventurers of all ages can brave the elements in Cayman Brac. And if you catch a fish or two along the way, you can bring it back to your resort to have the chef cook it for you Cayman-style.

Towering up above, the lush green forests throughout Cayman Brac are a birdwatcher’s dream – with endangered parrots, brown boobies and peregrine falcons perched in the canopy. On the ground, a crisscross of hiking trails will lead you to unusual flowers, reptilian habitats and historic sites of all kinds.

Just a 30-minute flight from Grand Cayman, "The Brac" holds untold stories.

Site Details

The subject parcel is regular in shape with an area of 10,720sqft (0.246 acres). The site is currently covered in vegetation, and is well elevated being approximately 80-82ft above sea level.

Guide

Download the 'Why Invest in Cayman' guide:
https://www.dropbox.com/s/qsk3vo7mb5e0tj8/Cayman%20Islands.New%20Brochure%20Design%20Whie%20Labeled.pdf?dl=0

Additional Information

For further information please contact our office direct on 0191-737-1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

 

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

 

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
Up to £50,000 - £250 minimum bid 
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
£250,001 to £1 million - £2,000 minimum bid 
£1 million+ -  £2,500 minimum bid 

Please note this bidding process applies specifically to online auctions. 

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