Batu Ferringhi, Batu Feringghi

Exceptional commercial investment opportunity – available for sale at RM15 million (o.n.o.). This is a unique chance to acquire a high-yield commercial property situated in the vibrant area of Batu Ferringhi, Penang’s premier beach destination. Conveniently located near upscale resorts, luxury condominiums, fine dining establishments, Uplands School, and a brief stroll to the beach, this property benefits from substantial tourist traffic and high vehicle flow throughout the year. The asset spans 1,970 sqm (approximately 21,213.21 sqft) of freehold commercial land, with a total built-up area of around 21,000 sqft, including: A licensed budget hotel featuring 42 ensuite rooms, complete with an operating license and an indoor pool. Four shoplots with main-road exposure, ensuring excellent visibility. Currently, the property yields a gross rental income of approximately RM59,000 monthly or RM708,000 annually, equating to an attractive gross rental yield of about 4.72% based on the asking price of RM15 million. This sale is on an as-is basis, perfect for investors looking for immediate passive income. Additionally, the site offers remarkable redevelopment potential for a tailored commercial project in one of Penang’s most sought-after tourist locations. Serious inquiries are encouraged.