George Town
George Town, Penang
RM 13,800,000
Negotiable
10
Baths
18,000
sqft (floor)
RM 766.67
psf (floor)
1.1 km (13 mins) from Komtar
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About this property
7sty Freehold - 18000sf - RM767psf ! RM767 psf ! RM767 psf !
❈ LOCATION HIGHLIGHTS
▸ Prime location in George Town, Penang, one of Malaysia's premier 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
❈ PROPERTY DETAILS
▸ 7-Storey Detached 3-Star Hotel
▸ Freehold
▸ Land Area: Approx. 4,306 sf
▸ Built-up: Approx. 18,000 sf (RM767 psf)
▸ Configuration: 47 Fully Fitted Guest Rooms (~RM294k per room)
▸ Tastefully renovated with modern finishes – save up to RM2 million renovation cost
▸ Modern boutique-hotel ambience featuring stylish interiors, welcoming lobby and comfortable guest rooms
▸ Efficient hospitality layout catering to leisure travellers, medical tourists, corporate guests and tour groups
▸ Well-maintained operational setup with immediate business continuity
▸ Facilities & Revenue Generators:
• Restaurant & café
• Meeting / function room
▸ Asking Price: RM13.8 Million
❈ INVESTMENT EDGE
▸ Rare freehold detached hotel within George Town tourism belt
▸ Attractive acquisition at approximately RM294k per room
▸ Existing hospitality infrastructure reduces startup and renovation costs
▸ Multiple recurring income streams from rooms, F&B and events
▸ Strategic location benefiting from year-round tourism and medical-travel demand
▸ Attractive entry based on freehold tenure, prime George Town location, low acquisition cost per room and established operational setup with immediate revenue potential
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property.
▸ Prime location in George Town, Penang, one of Malaysia's premier 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
❈ PROPERTY DETAILS
▸ 7-Storey Detached 3-Star Hotel
▸ Freehold
▸ Land Area: Approx. 4,306 sf
▸ Built-up: Approx. 18,000 sf (RM767 psf)
▸ Configuration: 47 Fully Fitted Guest Rooms (~RM294k per room)
▸ Tastefully renovated with modern finishes – save up to RM2 million renovation cost
▸ Modern boutique-hotel ambience featuring stylish interiors, welcoming lobby and comfortable guest rooms
▸ Efficient hospitality layout catering to leisure travellers, medical tourists, corporate guests and tour groups
▸ Well-maintained operational setup with immediate business continuity
▸ Facilities & Revenue Generators:
• Restaurant & café
• Meeting / function room
▸ Asking Price: RM13.8 Million
❈ INVESTMENT EDGE
▸ Rare freehold detached hotel within George Town tourism belt
▸ Attractive acquisition at approximately RM294k per room
▸ Existing hospitality infrastructure reduces startup and renovation costs
▸ Multiple recurring income streams from rooms, F&B and events
▸ Strategic location benefiting from year-round tourism and medical-travel demand
▸ Attractive entry based on freehold tenure, prime George Town location, low acquisition cost per room and established operational setup with immediate revenue potential
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property.
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The unit for sale in George Town, Penang is RM 13,800,000.
No.
George Town, Penang.
The estimated loan repayment amount is RM 59,294 / mo.
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