Macalister Lane
Lorong Macalister, George Town, Penang
RM 12,000,000
Negotiable6
Baths
16,800
sqft
RM 714.29
psf
450 m (5 mins) from Komtar

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About this property
5.5 Storey Commercial Building in Prime George Town.
A rare opportunity to acquire a 5.5-storey commercial building along Lorong Macalister, just off Macalister Road and Burmah Road in the heart of prime George Town. Sitting on approximately 3,660 sq. ft. of land with 16,800 sq. ft. of built-up area, the property offers substantial space and excellent flexibility for a wide range of commercial uses.
The building comes with one lift, two flights of stairs and both front and rear access, providing convenient movement and accessibility throughout the premises. The rooftop is also usable, while the upper floors enjoy pleasant views across the surrounding George Town cityscape, offering additional potential for various business or lifestyle concepts, subject to approvals.
A further advantage is the 3 designated car parking spaces directly in front of the building. For additional parking, there is a large public car park directly opposite the property, offering ample spaces at a fee, which is especially convenient for a busy commercial location in central George Town.
The surrounding area is vibrant and highly established, with numerous eateries, commercial premises, offices, hotels and shopping facilities nearby. Major hospitals and essential amenities are also within easy reach, while the historic George Town UNESCO World Heritage area is only a short distance away.
With its substantial built-up space, excellent accessibility, multiple access points, usable rooftop and attractive city views, this is a highly strategic commercial property in one of George Town’s most sought-after locations, offering strong potential for own use, investment or repositioning. Asking RM12 million or nearest offer.
The building comes with one lift, two flights of stairs and both front and rear access, providing convenient movement and accessibility throughout the premises. The rooftop is also usable, while the upper floors enjoy pleasant views across the surrounding George Town cityscape, offering additional potential for various business or lifestyle concepts, subject to approvals.
A further advantage is the 3 designated car parking spaces directly in front of the building. For additional parking, there is a large public car park directly opposite the property, offering ample spaces at a fee, which is especially convenient for a busy commercial location in central George Town.
The surrounding area is vibrant and highly established, with numerous eateries, commercial premises, offices, hotels and shopping facilities nearby. Major hospitals and essential amenities are also within easy reach, while the historic George Town UNESCO World Heritage area is only a short distance away.
With its substantial built-up space, excellent accessibility, multiple access points, usable rooftop and attractive city views, this is a highly strategic commercial property in one of George Town’s most sought-after locations, offering strong potential for own use, investment or repositioning. Asking RM12 million or nearest offer.
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
The unit for sale in George Town, Penang is RM 12,000,000.
No.
Lorong Macalister, George Town, Penang.
The estimated loan repayment amount is RM 51,560 / mo.
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