MOTOR GALLERY & CLASSIC CAR BUSINESS GEORGE TOWN, PENANG, George Town
MOTOR GALLERY & CLASSIC CAR BUSINESS GEORGE TOWN, PENANG, George Town, Penang
RM 65,000,000
2
Baths
25,962
sqft
RM 2,503.66
psf
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Property details
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About MOTOR GALLERY & CLASSIC CAR BUSINESS GEORGE TOWN, PENANG
Established Vintage Motor Gallery & Classic Car Business
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*****
kmlkze
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*****
kmlkze
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The selling price is RM 65,000,000.
MOTOR GALLERY & CLASSIC CAR BUSINESS GEORGE TOWN, PENANG, George Town, Penang.
This floor size of this unit is 25,962 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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