Pengkalan Weld, George Town

A prime opportunity to acquire two back-to-back freehold commercial properties in George Town’s Heritage Zone, situated along Weld Quay and Victoria Street. Available for sale as a single package, the assets comprise two purpose-built commercial buildings with a combined land area of approximately 1,576 sq.m. (16,963 sq.ft.) and an overall built-up area of approximately 47,393 sq.ft.

The first property, positioned along Weld Quay, has a land area of approximately 798 sq.m. (8,589 sq.ft.) and a total built-up area of approximately 25,000 sq.ft. The property comprises a purpose-built 4-storey building with a mezzanine floor.

The second property, located along Victoria Street, has a land area of approximately 778 sq.m. (8,374 sq.ft.) and a built-up area of approximately 22,393 sq.ft. The property comprises a purpose-built 2-storey building with a mezzanine floor.

Both properties are freehold, with no restriction in interest and no specified category of land use. They carry a First Grade express condition, are zoned Commercial – Heritage Core Zone, and have a maximum height restriction of 18 metres.

The combined asking price is MYR 22,975,300 for both properties, which are to be sold together with vacant possession. This is a rare opportunity for investors seeking a substantial commercial property holding within George Town’s established heritage district.