George Town

❈ LOCATION HIGHLIGHTS

▸ Located in the heart of George Town, Penang, a UNESCO World Heritage site known for tourism and commerce.
▸ In proximity to Komtar, Penang Times Square, cultural sites, government institutions, hospitals, cafés, hotels, and shopping areas.
▸ Near Penang General Hospital, Prangin Mall, 1st Avenue Mall, and significant tourist attractions.
▸ Captivates a strong audience from international tourists, business travelers, medical tourists, and heritage city explorers.
▸ Roughly 5 minutes away from Komtar Bus Terminal and 25 minutes to Penang International Airport.
▸ Growth fueled by tourism resurgence, heritage city revitalization, medical tourism, and rising international visitors.

❈ PROPERTY DETAILS

▸ 7-Storey Corner Hotel
▸ Freehold
▸ Land Area: Approx. 6,000 sf
▸ Built-up: Approx. 30,000 sf (RM250 psf)
▸ Configuration: 46 Guest Rooms (~RM163k per room)

▸ Save up to RM1.5 million on renovation costs.
▸ Modern boutique-hotel vibe showcasing spacious lobby, cozy guest rooms, and an efficient hospitality layout.
▸ Strategically designed to accommodate leisure travelers, heritage tourists, business guests, and medical tourism needs.

▸ Asking Price: RM7.5 Million

❈ INVESTMENT EDGE

▸ Unique freehold corner hotel positioned within the tourism corridor of George Town.
▸ Compelling purchase price at just RM250 psf.
▸ Affordable entry cost of approximately RM163k per room.
▸ Fully operational setup providing significant renovation savings.
▸ Prime location enjoying continuous tourism and commercial activity.
▸ Robust long-term appreciation driven by the growth of Penang's tourism and hospitality sector.

▸ Attractive entry based on freehold status, sought-after George Town location, low RM250 psf purchase cost, and highly competitive price per key relative to replacement value.