Downtown Reach, Cayman Islands
Sixtees Properties Developments puts modern, affordable homes within reach.
Words by Natasha Were.
Convenience, quality, affordability – these are the key characteristics of Downtown Reach, a residential development designed to meet the needs of young professionals, first time buyers and property investors alike.
It’s clearly a winning formula. Phase 1, which broke ground in May 2019, is almost sold out, with just a handful of one-bedroom apartments remaining. Reservations are now being taken for Phase 2 which will break ground in August 2020. The second phase will add twelve two-bedroom townhomes and 30 one and two-bedroom apartments to the gated community.
An ideal address for those wanting to cut down their commute to work, Downtown Reach is, as the name suggests, only five minutes from George Town. Situated just off Linford Pierson Highway, it’s also only ten minutes from Camana Bay and two minutes from Grand Harbour.
Future infrastructure plans mean that the area will become increasingly desirable for residents in the coming years.
“There are plans in place to build a new bypass which will connect it to Cayman Enterprise City," says Ben Tonge, Director of Sixtees Properties Developments Ltd, “and a new retail plaza with a Fosters Food Fair within walking distance of Downtown Reach is coming in the next couple of years. There are also discussions underway for a new road connecting to South Sound.”
Downtown Reach offers the security of a gated community along with enviable shared amenities including a pool, gym and landscaped gardens. Homes are built to a high standard, with hurricane rated doors and windows, and standing seam roofs.
All homes feature open-concept kitchen, living and dining areas, with sliding glass doors opening onto a covered porch, and double bedrooms with built in closets.
Aesthetically, interiors are fresh and bright with a neutral colour palette. Wood-look tiles, Shaker-style cabinetry and Whirlpool appliances are standard, giving a quality finish, but allowing plenty of scope for homeowners to add their own personal style.
Buyers will be given options for floor tiles, countertops and cabinetry colours, and for those who prefer the simplicity of a turnkey property, the developers are offering both furniture packages and decor packages (rugs, cushions, artwork and mirrors).
What really sets Downtown Reach aside from other residential developments is the price. “It’s almost unheard of to find new residences at such an affordable price point this close to town,” the developer says.
“You would usually be looking at upwards of CI$350,000 for this quality and location.” The remaining one bedroom apartments in Phase 1 are currently priced at between CI$240,000 and CI$265,000.
For Phase 2, one bed apartments start from CI$225,000 and two bed apartments and townhomes
Those who move fast will also save on stamp duty: any ground floor apartment or townhome with a ground floor purchased before December 31st, 2019, will only pay stamp duty on the value of the land.
Additionally, from 1st January 2020, all properties priced at under $300,000 will be eligible for reduced (3%) stamp duty.
A TRUSTED TEAM
Sixtees Properties Developments Ltd is a family firm, with a long history of construction and renovation projects in the Cayman Islands. They have assembled a strong team of local service providers including, Paragon Builders for the construction, JEC Property Consultants for project management and Abernethy & Associates to survey the site, all with ample experience to help them bring Downtown Reach to life.
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