Lebuh Muntri, George Town
Lebuh Muntri, George Town, Penang
Negotiable
RM 9,000,000
10+
Bath
18,493
sqft
RM 486.67
psf
Photos
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About Lebuh Muntri
Connected 3-Storey Heritage Shophouses on Muntri Street, George Town
Three connected units, comprising two lots, with a total land area of 6,294 square feet located at the end of Muntri Street, right in the center of George Town's UNESCO World Heritage core.
Here, the location plays a significant role.
A brief stroll leads you to Love Lane, where George Town showcases its vibrant bars, cafes, and hotels. Chulia Street, with its continuous flow of accommodation and foot traffic, is just beyond. Directly across, a newly constructed car park alleviates the parking challenges faced by many businesses in the heritage zone. For a retail, F&B, or hospitality operator, having both foot traffic and parking in one location is a rare find.
The building is exceptional even by heritage standards.
Most shophouses in George Town are two storeys with a narrow 12-to-14-foot frontage. In contrast, these properties span three storeys, with one unit extending approximately 142 feet deep on an 18-foot frontage, topped by a rooftop that overlooks the heritage skyline. The three units are also internally connected, allowing you to utilize the entire footprint as one or divide it into separate tenancies. This flexibility opens up possibilities for restaurant, retail, hospitality, or multi-tenant usage. The potential is vast.
All three units underwent refurbishment in the 1980s, providing a more robust structural foundation than untouched shophouses, with one unit even being entirely concrete. Provision for a lift has been made, and each floor features two bathrooms.
Freehold, three interconnected units, with a total built-up area of 18,493 square feet over three storeys, situated in the most frequented area of George Town, all for RM9 million.
Here, the location plays a significant role.
A brief stroll leads you to Love Lane, where George Town showcases its vibrant bars, cafes, and hotels. Chulia Street, with its continuous flow of accommodation and foot traffic, is just beyond. Directly across, a newly constructed car park alleviates the parking challenges faced by many businesses in the heritage zone. For a retail, F&B, or hospitality operator, having both foot traffic and parking in one location is a rare find.
The building is exceptional even by heritage standards.
Most shophouses in George Town are two storeys with a narrow 12-to-14-foot frontage. In contrast, these properties span three storeys, with one unit extending approximately 142 feet deep on an 18-foot frontage, topped by a rooftop that overlooks the heritage skyline. The three units are also internally connected, allowing you to utilize the entire footprint as one or divide it into separate tenancies. This flexibility opens up possibilities for restaurant, retail, hospitality, or multi-tenant usage. The potential is vast.
All three units underwent refurbishment in the 1980s, providing a more robust structural foundation than untouched shophouses, with one unit even being entirely concrete. Provision for a lift has been made, and each floor features two bathrooms.
Freehold, three interconnected units, with a total built-up area of 18,493 square feet over three storeys, situated in the most frequented area of George Town, all for RM9 million.
Estimated mortgage
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FAQs
The selling price is RM 9,000,000.
Lebuh Muntri, George Town, Penang.
This floor size of this unit is 18,493 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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