5.5-Storey Commercial Building in Prime George Town. 1
16

Georgetown, Penang

RM 12,000,000

Retail space For Sale

, posted 2 weeks ago
RM 12,000,000Georgetown, Penang
PhotoCrop

16,800

 sq.ft

Description

5.5-Storey Commercial Building in Prime George Town.

A rare opportunity to acquire a 5.5-storey commercial building along Lorong Macalister, just off Macalister Road and Burmah Road in the heart of prime George Town. Sitting on approximately 3,660 sq. ft. of land with 16,800 sq. ft. of built-up area, the property offers substantial space and excellent flexibility for a wide range of commercial uses.

The building comes with one lift, two flights of stairs and both front and rear access, providing convenient movement and accessibility throughout the premises. The rooftop is also usable, while the upper floors enjoy pleasant views across the surrounding George Town cityscape, offering additional potential for various business or lifestyle concepts, subject to approvals.

A further advantage is the 3 designated car parking spaces directly in front of the building. For additional parking, there is a large public car park directly opposite the property, offering ample spaces at a fee, which is especially convenient for a busy commercial location in central George Town.

The surrounding area is vibrant and highly established, with numerous eateries, commercial premises, offices, hotels and shopping facilities nearby. Major hospitals and essential amenities are also within easy reach, while the historic George Town UNESCO World Heritage area is only a short distance away.

With its substantial built-up space, excellent accessibility, multiple access points, usable rooftop and attractive city views, this is a highly strategic commercial property in one of George Town’s most sought-after locations, offering strong potential for own use, investment or repositioning. Asking RM12 million or nearest offer.

Property Details

Property Type

Retail space

Tenure Type

Freehold

Land Title

Non Bumi Lot

Facilities

Parking

Lift

Property agent

Penang Property Angel

Firm: E - 31601, REN 49904

All ads from this advertiser (32 For Sale)

Mortgage Estimation

RM 50,323

Estimated monthly installment (Interest rate 3.8%)

⚠️ This is for reference only and is not a quote. Results vary according to different financial institutions. Mudah.my doesn't guarantee it's accuracy or applicability to your circumstances.

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