Freehold Commercial Buildings | Weld Quay & Victoria St | George Town UNESCO.

PENGKALAN WELD, George Town, Penang

RM 22,975,300

Negotiable

Baths

6

Baths

sqft (land)

16,963

sqft (land)

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RM 1,354.44

psf (land)


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Property details

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Commercial Bungalow for sale
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Partially fitted
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Freehold tenure
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Listed on 10 Oct 2026
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Listing ID - 502236235
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47,393 sqft floor area

About this property

Freehold Commercial Buildings, Weld Quay & Victoria St, George Town.

An excellent opportunity to acquire two back-to-back freehold commercial properties in George Town’s Heritage Zone, located along Weld Quay and Victoria Street. Offered for sale together as a single package, the properties comprise two purpose-built commercial buildings with a combined land area of approximately 1,576 sq.m. (16,963 sq.ft.) and a total built-up area of approximately 47,393 sq.ft.

The first property, located along Weld Quay, has a land area of approximately 798 sq.m. (8,589 sq.ft.) and a built-up area of approximately 25,000 sq.ft. The property comprises a purpose-built 4-storey building with a mezzanine floor and is offered at MYR 14,601,300.

The second property, located along Victoria Street, has a land area of approximately 778 sq.m. (8,374 sq.ft.) and a built-up area of approximately 22,393 sq.ft. The property comprises a purpose-built 2-storey building with a mezzanine floor and is offered at MYR 8,374,000.

Both properties are freehold, with no restriction in interest and no specified category of land use. They carry a First Grade express condition, are zoned Commercial – Heritage Core Zone, and have a maximum height restriction of 18 metres.

The combined asking price is MYR 22,975,300 for both properties, which are to be sold together with vacant possession. This is a rare opportunity for investors seeking a substantial commercial property holding within George Town’s established heritage district.
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FAQs

The unit for sale in George Town, Penang is RM 22,975,300.
No.
PENGKALAN WELD, George Town, Penang.
The estimated loan repayment amount is RM 98,718 / mo.