MOTOR GALLERY & CLASSIC CAR BUSINESS GEORGE TOWN, PENANG, George Town

FOR SALE – ESTABLISHED VINTAGE MOTOR GALLERY & CLASSIC CAR BUSINESS

Prime Freehold Showroom Property | George Town, Penang

A rare opportunity to acquire a fully operational vintage and classic car business together with a strategically located showroom property in the heart of George Town, Penang.

The owner has spent more than 20 years building this prestigious collection and is now offering the entire business for sale due to retirement.

PROPERTY DETAILS

Location : Seksyen 4, Bandar George Town, Timur Laut, Pulau Pinang

Tenure : Freehold

Title Type : Geran (Borang 5BK)

Land Particulars

Title 1


Land Area : 1,127.9918 sq.m.
Approx. 12,141 sq.ft.
Approx. 0.279 Acre

Title 2

Land Area : 1,284 sq.m.
Approx. 13,821 sq.ft.
Approx. 0.317 Acre

Total Combined Land Size

2 Freehold Titles
Total Land Area : 2,411.9918 sq.m.
Approx. 25,962 sq.ft.
Approx. 0.60 Acre

Annual Quit Rent (Combined) : RM5,430.00

BUSINESS ASSETS INCLUDED

Approximately 90 units of vintage & classic motor vehicles.
Established SSM company.
Existing JPJ Test Drive Plates.
Business bank account & payment terminal.
Restoration workshop equipment.
Furniture, showroom fittings & signboards.
10 New China franchise dealership opportunities.
Existing customer and buyer network.

HIGHLIGHTS

More than 20 years of collection and restoration.
Estimated restoration investment exceeding RM3 million.
Immediate business takeover.
Suitable for collectors, investors and automotive entrepreneurs.

Asking Price (Business Acquisition)

RM4,500,000 (Cash)

Estimated Showroom Property Valu

RM65,000,000

Serious buyer welcome for viewing.

Liana Sofea
PEA2361
IQI Putrajaya
www.h*****
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