⭐ FREEHOLD ⭐ 5sty ⭐ 5,942sf ⭐, George Town
George Town, Penang
Negotiable
RM 5,500,000
10+
Bath
5,600
sqft
RM 982.14
psf
14 mins (1.2 km) from Macallum
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About ⭐ FREEHOLD ⭐ 5sty ⭐ 5,942sf ⭐
4sty - Freehold - RM982psf - With 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
▸ Close to Penang General Hospital, 1st Avenue Mall, Prangin Mall, government offices and major commercial centres
▸ Strong catchment from international tourists, medical tourists, business travellers and heritage-city visitors
▸ 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. 1,400 sf
▸ Built-up: Approx. 5,600 sf (RM982 psf)
▸ Configuration: 17 Fully Fitted Guest Rooms
▸ Tastefully renovated with modern finishes – save up to RM1 million renovation cost
▸ Stylish boutique-hotel ambience featuring contemporary interiors, cosy guest rooms and premium hospitality setup
▸ Compact yet efficient layout ideal for boutique hospitality and lifestyle-driven concepts
▸ Premium positioning with added lifestyle appeal from rooftop entertainment offering
▸ Facilities & Revenue Generators:
• Premium lounge
• Rooftop bar
• Boutique hotel rooms
• F&B and lifestyle income streams
▸ Asking Price: RM5.5 Million
❈ INVESTMENT EDGE
▸ Rare freehold boutique hospitality asset within George Town tourism belt
▸ Attractive mixed-income model from rooms, lounge and rooftop bar
▸ Ready operational setup with significant renovation savings
▸ Strategic location benefiting from year-round tourism and lifestyle traffic
▸ Attractive entry based on freehold tenure, prime George Town location, diversified income streams and strong 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
▸ Close to Penang General Hospital, 1st Avenue Mall, Prangin Mall, government offices and major commercial centres
▸ Strong catchment from international tourists, medical tourists, business travellers and heritage-city visitors
▸ 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. 1,400 sf
▸ Built-up: Approx. 5,600 sf (RM982 psf)
▸ Configuration: 17 Fully Fitted Guest Rooms
▸ Tastefully renovated with modern finishes – save up to RM1 million renovation cost
▸ Stylish boutique-hotel ambience featuring contemporary interiors, cosy guest rooms and premium hospitality setup
▸ Compact yet efficient layout ideal for boutique hospitality and lifestyle-driven concepts
▸ Premium positioning with added lifestyle appeal from rooftop entertainment offering
▸ Facilities & Revenue Generators:
• Premium lounge
• Rooftop bar
• Boutique hotel rooms
• F&B and lifestyle income streams
▸ Asking Price: RM5.5 Million
❈ INVESTMENT EDGE
▸ Rare freehold boutique hospitality asset within George Town tourism belt
▸ Attractive mixed-income model from rooms, lounge and rooftop bar
▸ Ready operational setup with significant renovation savings
▸ Strategic location benefiting from year-round tourism and lifestyle traffic
▸ Attractive entry based on freehold tenure, prime George Town location, diversified income streams and strong 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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FAQs
The selling price is RM 5,500,000.
George Town, Penang.
This floor size of this unit is 5,600 sqft.
Freehold.
You can estimate your monthly home loan repayment based on the property price, loan amount, interest rate, and financing tenure. To get a better idea of affordability, use the iProperty Mortgage Calculator here.
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