Georgetown, Penang

🏢 COMMERCIAL BUILDING FOR SALE
📍 Penang Road, George Town, Penang
💰 Asking Price: RM5,500,000
Property Details
* ✅ 4-Storey Commercial Building
* ✅ Freehold
* ✅ Land Area: 947 sqft (88 sqm)
* ✅ Estimated Built-up: ±3,500 – 3,800 sqft
* ✅ Individual Title
* ✅ Commercial Use
* ✅ Well-maintained building
* ✅ No major structural repairs required
* ✅ Interior renovation recommended to suit new business concept
Building Layout
Ground Floor
* Spacious retail/showroom area
* Utility area
* 2 Store rooms
* Fitting room
* Washroom
* Front terrace
First Floor
* 4 Office rooms
* 2 Additional rooms
* 2 Toilets
Second Floor
* 4 Office rooms
* 2 Rooms
* Store room
* Washroom
Third Floor
* Large open hall / utility space
* Office room
* Suitable for office, event space or storage
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Strategic Location
Located along Penang Road, one of George Town’s busiest and most recognised commercial streets, connecting the city centre with major business and tourism attractions. The area enjoys strong pedestrian traffic and excellent commercial visibility.
Nearby Amenities
* ✔ KOMTAR
* ✔ Chowrasta Market
* ✔ Hotels & Boutique Hotels
* ✔ Heritage Attractions
* ✔ Restaurants & Cafés
* ✔ Banks & Commercial Offices
* ✔ Public Transport
* ✔ UNESCO World Heritage Zone
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Suitable For
* Boutique Hotel (Subject to Authority Approval)
* Café / Restaurant
* Premium Retail Outlet
* Corporate Office
* Medical & Wellness Centre
* Gallery / Creative Studio
* Training Centre
* Co-working Space
* Investment Property
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Investment Highlights
✅ Prime Penang Road frontage
✅ Rare Freehold commercial asset in George Town
✅ Excellent branding and business visibility
✅ Strong rental demand from retail, office and tourism-related businesses
✅ Suitable for owner occupation or long-term investment
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Estimated Rental Potential*
Floor Estimated Rental
Ground Floor RM8,000 – RM15,000/month
First Floor RM3,000 – RM5,000/month
Second Floor RM2,500 – RM4,000/month
Third Floor RM2,000 – RM4,000/month
Estimated Total Rental: RM15,000 – RM25,000 per month
Rental estimates are indicative and subject to market conditions.
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Why Invest Here?
✔ Freehold commercial property in a highly sought-after location
✔ Limited supply of commercial buildings on Penang Road
✔ High tourist and local foot traffic throughout the year
✔ Strong potential for capital appreciation and long-term rental income
📞 For more information or to arrange a viewing:

Muhammad Afiq
Show contact number

Real Estate Negotiator
ESP Property Group