George Town

❈ LOCATION HIGHLIGHTS

▸ Prime location in George Town, Penang, a UNESCO World Heritage city and one of Malaysia's strongest tourism destinations
▸ Surrounded by heritage attractions, Komtar, Armenian Street, Love Lane, government offices, cafés, boutique hotels and lifestyle destinations
▸ Close to Penang General Hospital, 1st Avenue Mall, Prangin Mall, banks and major commercial centres
▸ Strong catchment from international tourists, medical tourists, business travellers and heritage-city visitors
▸ Approximately 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport

❈ PROPERTY DETAILS

▸ Detached 3-Star Heritage Hotel – 9 Adjoining Lots
▸ Freehold
▸ Land Area: Approx. 12,240 sf
▸ Built-up: Approx. 21,000 sf
▸ Configuration: 30 Fully Fitted Guest Rooms & 9 Retail Shoplots

▸ Tastefully renovated with modern finishes while preserving heritage character – save up to RM1.4 million renovation cost
▸ Unique boutique-hotel ambience featuring heritage architecture, charming courtyards, contemporary interiors and authentic Penang character
▸ Rare mixed-use hospitality concept combining accommodation and retail income under one asset

▸ Location USP:
• Situated within George Town's tourism and heritage belt
• Walking distance to popular attractions, cafés and cultural landmarks
• Strong year-round tourist footfall
• High visibility and multiple income opportunities from hospitality and retail

▸ Asking Price: RM40 Million

❈ INVESTMENT EDGE

▸ Rare freehold heritage hospitality asset with 9 adjoining lots
▸ Dual-income model from hotel operations and retail shoplots
▸ Strategic location benefiting from tourism, lifestyle and commercial demand
▸ Limited supply of large heritage assets within George Town
▸ Strong long-term appreciation supported by UNESCO heritage status and tourism growth

❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property