The Strand Entertainment Complex
MLS: 415966
$9,840,000 KYD
Key Features
- Price: $9,840,000 KYD
- Acreage: 6.16 acres
- Sq ft: 14719 sqft
- Price/sq ft: $668.52 KYD per sqft
- Built: 1997
- Views: Inland
Property Details
- City Water
- Elevator
- Multi-Zone AC
- Security Alarm
- Sewer
- Stories: 2
Property Description
The Strand Retail complex is perfectly positioned on West Bay Road, a few hundred feet from The Ritz with huge street frontage and visibility. This offering is for the full entertainment complex of 14,719 sq. ft., which includes tenants such as KFC, Silk Chinese Restaurant, Lillies nightclub, The Lodge and Spanglish. All leases are triple net, long term with good escalation clauses. Income offers a current ROI of 7% growing annually. Further to the current offer, there is a redevelopment opportunity which has already been given a green light by all members and is in the early planning stages.
