Midlands Condo, Pulau Tikus

Currently tenanted
Monthly Rental Yield: MYR 1,250 / month

RM290,000 | 850 SQ FT | 3 Bedrooms | 2 Bathrooms

A prime opportunity in one of Penang’s established and sought-after residential locations. Priced at RM290,000, this 16th-floor unit offers an attractive combination of location, practical space and rental potential.

The 850 sq ft layout comprises 3 bedrooms and 2 bathrooms, complemented by a balcony adjoining the living room. Positioned on a higher floor, the unit enjoys an open city view with good natural ventilation and a consistently breezy atmosphere.

The property is partially furnished and comes with one designated parking bay. It is currently tenanted to Malaysian tenants at RM1,250 per month, providing an existing rental income stream for investors.

For owner-occupiers, the property can also be offered with vacant possession, with the current tenant requiring one month’s notice to vacate, subject to the tenancy arrangement.

Residents have access to two swimming pools catering to both adults and children, providing practical recreational facilities within the development.

Its strongest proposition remains the location. Set along Jalan Burma, Midlands Condo is surrounded by established amenities and commercial conveniences, with Gurney Plaza, the market, seaside, banks, hospitals, food outlets and office buildings all within close proximity. The surrounding Gurney and Kelawei areas also offer a wide selection of retail and dining options.

Adventist Hospital is just a short distance away, further enhancing the property’s appeal for both residential and rental purposes.

The strata title is expected to be issued by the end of this year, adding another important consideration for prospective buyers.

At RM310,000, this represents an attractive entry point for a property in a mature Jalan Burma / Gurney vicinity — offering the flexibility of an investment with existing rental income or a well-located home for own occupation.