George Town
George Town, Penang
RM 5,800,000
Negotiable
10
Baths
5,942
sqft
RM 976.10
psf
1.2 km (14 mins) from Macallum
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About this property
4sty - Freehold - RM976psf - 17 Hotel Rooms, Lounge & Rooftop Bar
❈ 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, Armenian Street, Love Lane, Komtar, boutique hotels, cafés and lifestyle destinations
▸ Near Penang General Hospital, 1st Avenue Mall, Prangin Mall, government offices and major commercial centres
▸ Strong catchment from international tourists, medical travellers, business visitors and heritage-city guests
▸ Approximately 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport
❈ PROPERTY DETAILS
▸ 4-Storey Hotel / Building For Sale
▸ Freehold
▸ Land Area: Approx. 1,500 sf
▸ Built-up: Approx. 5,942 sf (RM976 psf)
▸ Configuration: 17 Fully Fitted Guest Rooms
▸ Tastefully renovated with modern finishes – save up to RM1 million renovation cost
▸ Boutique-hotel feel with contemporary interiors, cosy guest rooms and a premium hospitality setup
▸ Compact yet practical layout suited for boutique hospitality and lifestyle-driven concepts
▸ Enhanced lifestyle appeal with rooftop entertainment
▸ Facilities & Revenue Generators:
• Premium lounge
• Rooftop bar
• Boutique hotel rooms
• F&B and lifestyle income streams
▸ Asking Price: RM5.8 Million
❈ INVESTMENT EDGE
▸ Rare freehold boutique hospitality asset within George Town tourism belt
▸ Diversified income model from rooms, lounge and rooftop bar
▸ Operationally ready with meaningful renovation savings
▸ Strategic address supported by year-round tourism and lifestyle traffic
▸ Strong entry value based on freehold tenure, prime George Town position, diversified income streams and upside from boutique hospitality and F&B operations
❈ 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, a UNESCO World Heritage city and one of Malaysia’s strongest tourism destinations
▸ Surrounded by heritage attractions, Armenian Street, Love Lane, Komtar, boutique hotels, cafés and lifestyle destinations
▸ Near Penang General Hospital, 1st Avenue Mall, Prangin Mall, government offices and major commercial centres
▸ Strong catchment from international tourists, medical travellers, business visitors and heritage-city guests
▸ Approximately 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport
❈ PROPERTY DETAILS
▸ 4-Storey Hotel / Building For Sale
▸ Freehold
▸ Land Area: Approx. 1,500 sf
▸ Built-up: Approx. 5,942 sf (RM976 psf)
▸ Configuration: 17 Fully Fitted Guest Rooms
▸ Tastefully renovated with modern finishes – save up to RM1 million renovation cost
▸ Boutique-hotel feel with contemporary interiors, cosy guest rooms and a premium hospitality setup
▸ Compact yet practical layout suited for boutique hospitality and lifestyle-driven concepts
▸ Enhanced lifestyle appeal with rooftop entertainment
▸ Facilities & Revenue Generators:
• Premium lounge
• Rooftop bar
• Boutique hotel rooms
• F&B and lifestyle income streams
▸ Asking Price: RM5.8 Million
❈ INVESTMENT EDGE
▸ Rare freehold boutique hospitality asset within George Town tourism belt
▸ Diversified income model from rooms, lounge and rooftop bar
▸ Operationally ready with meaningful renovation savings
▸ Strategic address supported by year-round tourism and lifestyle traffic
▸ Strong entry value based on freehold tenure, prime George Town position, diversified income streams and upside from boutique hospitality and F&B operations
❈ 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 5,800,000.
No.
George Town, Penang.
The estimated loan repayment amount is RM 24,921 / mo.
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