Georgetown
Lorong Madras, George Town, Penang
RM 1,230,000
Negotiable3
Baths
1,600
sqft (floor)
RM 769
psf (floor)

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About this property
Charming Corner Heritage Shophouse Off Madras Lane
Tucked away in a quiet cul-de-sac off Madras Lane, this corner double-storey heritage shophouse presents a rare opportunity for those seeking a property with character, potential, and a prime location. Well-maintained over the years, the owners have preserved the original upstairs timber features, ensuring that the property retains its timeless charm.
With a FREEHOLD tenure, the shophouse sits on 1,033 sqft of land, with an approximate built-up area of 1,600 sqft. The ground floor features an upgraded separate toilet and bathroom, conveniently located near the rear exit. Upstairs, you will find two original bedrooms and a rear balcony, offering a pleasant space for relaxation.
What makes this property truly special is its redevelopment potential. This shophouse allows for refurbishment or expansion—buyers can extend the rear portion for additional living space or even add extra floors at the rear section. Whether you envision a cozy residence, a boutique guesthouse, or a unique commercial space, this property serves as a blank canvas with solid bones, ready to be transformed to suit your vision.
Strategically located, the property is within walking distance to Macalister Road and Burmah Road, placing you close to an array of eateries, retail shops, daily essentials, banks, clinics, hospitals, hotels, and more. Despite being in the heart of George Town, the cul-de-sac setting ensures peace and privacy, making it an ideal place to live while staying well-connected to city conveniences.
For sale at MYR 1.23M o.n.o. on an “as-is” basis – view to appreciate.
With a FREEHOLD tenure, the shophouse sits on 1,033 sqft of land, with an approximate built-up area of 1,600 sqft. The ground floor features an upgraded separate toilet and bathroom, conveniently located near the rear exit. Upstairs, you will find two original bedrooms and a rear balcony, offering a pleasant space for relaxation.
What makes this property truly special is its redevelopment potential. This shophouse allows for refurbishment or expansion—buyers can extend the rear portion for additional living space or even add extra floors at the rear section. Whether you envision a cozy residence, a boutique guesthouse, or a unique commercial space, this property serves as a blank canvas with solid bones, ready to be transformed to suit your vision.
Strategically located, the property is within walking distance to Macalister Road and Burmah Road, placing you close to an array of eateries, retail shops, daily essentials, banks, clinics, hospitals, hotels, and more. Despite being in the heart of George Town, the cul-de-sac setting ensures peace and privacy, making it an ideal place to live while staying well-connected to city conveniences.
For sale at MYR 1.23M o.n.o. on an “as-is” basis – view to appreciate.
Estimated mortgage
Mortgage breakdown
Est. monthly repayment
RM 0 / mo
RM 0 Principal
RM 0 Interest
Upfront costs
Total downpayment
RM 0
Downpayment
RM 0 Loan amount at 0% Loan-to-value
FAQs
Selling price for Georgetown is from RM 1,230,000 / RM 768.75 psf.
Current PSF at Georgetown is about RM 768.75 psf.
Georgetown is located at Lorong Madras, George Town, Penang George Town Penang.
The estimated loan repayment is RM 5,284 / mo.
Floor size of this unit at Georgetown is 1,600 sqft.
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