⭐ ROI 6% ⭐ RM764 psf ⭐ 6sty Detached ⭐ Freehold ⭐, George Town
George Town, Penang
Negotiable
RM 42,000,000
10+
Bath
55,000
sqft (floor)
RM 763.64
psf (floor)
15 mins (1.2 km) from Komtar
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About ⭐ ROI 6% ⭐ RM764 psf ⭐ 6sty Detached ⭐ Freehold ⭐
ROI 6% - 6sty Detached - Freehold - 150 Rooms - Collected Rm210k / Mo
❈ LOCATION HIGHLIGHTS
▸ Strategically positioned within the prime tourism enclave of Georgetown, Penang.
▸ Surrounded by UNESCO heritage attractions, Armenian Street, Komtar, Gurney Drive, boutique hotels, cafés, government offices and medical centres.
▸ Mature hospitality belt supported by strong domestic and international tourist arrivals.
▸ Accessible via Rapid Penang bus routes within walking distance; approximately 25 minutes to Penang International Airport and 10–15 minutes to Penang Sentral ferry and transport hub.
▸ Growth driven by heritage conservation, cultural tourism expansion, medical tourism and limited new freehold supply in city core.
❈ PROPERTY DETAILS
▸ 6-storey detached 3-star hotel
▸ Freehold
▸ Land area: approx. 11,000 sf
▸ Total built-up: approx. 55,000 sf (approx. RM764 psf)
▸ Configuration: 150 fully fitted guest rooms
▸ Recently renovated — estimated savings up to RM7 million
▸ Contemporary interior concept blending modern comfort with subtle heritage elements. Spacious lobby, efficient room layouts and practical circulation suitable for tour groups and corporate guests.
▸ Facilities include reception lounge, dining area, meeting/function space and operational back-of-house infrastructure.
▸ Revenue streams from room sales, tour series, corporate bookings, events and F&B operations.
▸ Current rental collection: up to RM210,000 per month (minimum)
▸ Indicative ROI: approx. 6% based on RM42 million
▸ Attractive entry based on detached freehold status, strong rental yield, large key count and strategic Georgetown positioning.
❈ INVESTMENT HIGHLIGHTS
▸ 150 keys in heritage hotspot
▸ Detached freehold asset
▸ Income-generating with stable yield
▸ Renovated & operational-ready
❈ AGENT BRANDING
VIVAHOMES ‘Seamus KOR’
Malaysia TOP Hotel & Commercial Specialist
❈ DISCLAIMER
All information subject to verification. Viewing strictly by appointment only
❈ PUNCHLINES
▸ Georgetown Core | 150 Keys
▸ Freehold Detached Asset
▸ 6% Yield | Tourism Belt
▸ Strategically positioned within the prime tourism enclave of Georgetown, Penang.
▸ Surrounded by UNESCO heritage attractions, Armenian Street, Komtar, Gurney Drive, boutique hotels, cafés, government offices and medical centres.
▸ Mature hospitality belt supported by strong domestic and international tourist arrivals.
▸ Accessible via Rapid Penang bus routes within walking distance; approximately 25 minutes to Penang International Airport and 10–15 minutes to Penang Sentral ferry and transport hub.
▸ Growth driven by heritage conservation, cultural tourism expansion, medical tourism and limited new freehold supply in city core.
❈ PROPERTY DETAILS
▸ 6-storey detached 3-star hotel
▸ Freehold
▸ Land area: approx. 11,000 sf
▸ Total built-up: approx. 55,000 sf (approx. RM764 psf)
▸ Configuration: 150 fully fitted guest rooms
▸ Recently renovated — estimated savings up to RM7 million
▸ Contemporary interior concept blending modern comfort with subtle heritage elements. Spacious lobby, efficient room layouts and practical circulation suitable for tour groups and corporate guests.
▸ Facilities include reception lounge, dining area, meeting/function space and operational back-of-house infrastructure.
▸ Revenue streams from room sales, tour series, corporate bookings, events and F&B operations.
▸ Current rental collection: up to RM210,000 per month (minimum)
▸ Indicative ROI: approx. 6% based on RM42 million
▸ Attractive entry based on detached freehold status, strong rental yield, large key count and strategic Georgetown positioning.
❈ INVESTMENT HIGHLIGHTS
▸ 150 keys in heritage hotspot
▸ Detached freehold asset
▸ Income-generating with stable yield
▸ Renovated & operational-ready
❈ AGENT BRANDING
VIVAHOMES ‘Seamus KOR’
Malaysia TOP Hotel & Commercial Specialist
❈ DISCLAIMER
All information subject to verification. Viewing strictly by appointment only
❈ PUNCHLINES
▸ Georgetown Core | 150 Keys
▸ Freehold Detached Asset
▸ 6% Yield | Tourism Belt
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VIVAHOMES REALTY SDN. BHD [ E (1) 1670 ]
FAQs
The selling price is RM 42,000,000.
George Town, Penang.
This floor size of this unit is 55,000 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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VIVAHOMES REALTY SDN. BHD [ E (1) 1670 ]