George Town
George Town, Penang
RM 25,000,000
Negotiable
10
Baths
38,000
sqft (floor)
RM 657.89
psf (floor)
1.3 km (16 mins) from Komtar
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About this property
7sty Detached - Freehold - RM658psf - Tourist Hotspot - Grade A Asset!
❈ LOCATION HIGHLIGHTS
▸ Prime location in George Town, Penang, one of Malaysia's strongest tourism, heritage and commercial destinations
▸ Surrounded by UNESCO World Heritage attractions, Komtar, 1st Avenue Mall, Prangin Mall, government offices and established hotels
▸ Close to Penang General Hospital, heritage streets, lifestyle destinations and key tourism landmarks
▸ Strong catchment from international tourists, business travellers, medical tourists and cruise passengers
▸ Approximately 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport
▸ Growth driven by tourism recovery, medical tourism, heritage-city revitalisation and increasing international flight connectivity
❈ PROPERTY DETAILS
▸ 7-Storey Detached 3-Star Hotel
▸ Freehold
▸ Land Area: Approx. 9,975 sf
▸ Built-up: Approx. 38,000 sf (RM658 psf)
▸ Configuration: 52 Fully Fitted Rooms
▸ Tastefully renovated with modern finishes – save up to RM2.5 million renovation cost
▸ Contemporary hotel ambience featuring spacious lobby, comfortable guestrooms & efficient hospitality layout
▸ Designed to cater for leisure travellers, medical tourists, tour groups and business visitors
▸ Facilities & Revenue Generators:
• Restaurant & café
• Meeting & function rooms
▸ Asking : RM25 Million
❈ INVESTMENT EDGE
▸ Rare freehold detached hospitality asset within George Town tourism belt
▸ Established hotel setup with substantial renovation savings
▸ Multiple recurring income streams from rooms, F&B & events
▸ Strategic location benefiting from year-round tourism and commercial activities
▸ Strong long-term appreciation supported by Penang's hospitality & tourism growth
▸ Attractive entry based on freehold tenure, strategic George Town location, detached hotel concept, established hospitality infrastructure & strong tourism-driven demand
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of property
▸ Prime location in George Town, Penang, one of Malaysia's strongest tourism, heritage and commercial destinations
▸ Surrounded by UNESCO World Heritage attractions, Komtar, 1st Avenue Mall, Prangin Mall, government offices and established hotels
▸ Close to Penang General Hospital, heritage streets, lifestyle destinations and key tourism landmarks
▸ Strong catchment from international tourists, business travellers, medical tourists and cruise passengers
▸ Approximately 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport
▸ Growth driven by tourism recovery, medical tourism, heritage-city revitalisation and increasing international flight connectivity
❈ PROPERTY DETAILS
▸ 7-Storey Detached 3-Star Hotel
▸ Freehold
▸ Land Area: Approx. 9,975 sf
▸ Built-up: Approx. 38,000 sf (RM658 psf)
▸ Configuration: 52 Fully Fitted Rooms
▸ Tastefully renovated with modern finishes – save up to RM2.5 million renovation cost
▸ Contemporary hotel ambience featuring spacious lobby, comfortable guestrooms & efficient hospitality layout
▸ Designed to cater for leisure travellers, medical tourists, tour groups and business visitors
▸ Facilities & Revenue Generators:
• Restaurant & café
• Meeting & function rooms
▸ Asking : RM25 Million
❈ INVESTMENT EDGE
▸ Rare freehold detached hospitality asset within George Town tourism belt
▸ Established hotel setup with substantial renovation savings
▸ Multiple recurring income streams from rooms, F&B & events
▸ Strategic location benefiting from year-round tourism and commercial activities
▸ Strong long-term appreciation supported by Penang's hospitality & tourism growth
▸ Attractive entry based on freehold tenure, strategic George Town location, detached hotel concept, established hospitality infrastructure & strong tourism-driven demand
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of property
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The unit for sale in George Town, Penang is RM 25,000,000.
No.
George Town, Penang.
The estimated loan repayment amount is RM 107,418 / mo.
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