George Town

❈ LOCATION HIGHLIGHTS
▸ Prime location in Georgetown, Penang — a bustling tourism hotspot and UNESCO World Heritage area.
▸ Surrounded by key landmarks: Komtar Tower, Penang Times Square, Gurney Plaza, Penang General Hospital, heritage sites, cafes, F&B outlets, and cultural attractions.
▸ Strong catchment from tourists, backpackers, students, professionals, and nearby residential communities.
▸ Excellent connectivity — 10–15 mins walk to Komtar Bus Terminal, accessible via major roads and Penang public transport networks.
▸ Future growth supported by continuous tourism expansion, heritage restoration projects, lifestyle and F&B growth, and increasing short-term rental demand.

❈ PROPERTY DETAILS
▸ 7-storey standalone hotel / hostel
▸ Total built-up: approx. 11,000 sf (RM2.10 psf)
▸ Configuration: 80 beds (~RM288 per bed)
▸ Condition: Tastefully renovated with modern finishes — save up to RM1.3 million in CAPEX
▸ Ambience: Bright, functional interiors designed for comfort and convenience; common areas with cozy lounges, study/workspaces, and guest-friendly layouts
▸ Tenancy / Operations: Asking rental RM25,000 / month —NO buyover fee required

❈ INVESTMENT EDGE / ADVANTAGES
▸ Located in Penang’s prime tourism belt with strong backpacker and short-term rental demand
▸ Renovated property ready for immediate operations — saves significant CAPEX
▸ Opportunity to generate extra revenue via retail/F&B, communal facilities, and events
▸ Rare standalone hostel building in high footfall heritage area
▸ Strong capital appreciation potential as tourism rebounds

❈ DISCLAIMER
Content & photos may differ. In-person viewing recommended for accurate assessment.

❈ AGENT BRANDING
VIVAHOMES ‘Seamus KOR’ – Malaysia TOP Hotel & Commercial Agent with Most Valuable Listings to share

❈ PUNCHLINES
▸ Prime Georgetown Location | Heritage Tourism Hotspot
▸ Fully Renovated | Immediate Operations
▸ Extra Revenue Potential | Buyover Opportunity
▸ High Tourist Flow | Short-Term Rental Demand