Ipoh, Perak

Ipoh Old Town 2 Storey Shoplot (Endlot)

Asking Price: RM2,000,000

Overview:
A rare freehold endlot commercial property located in one of Malaysia’s strongest heritage tourism zones. Excellent visibility, strong foot traffic, and proximity to Concubine Lane make this property highly suitable for investment, own business use, or tourism-related commercial conversion.

Property Details:
Freehold
Built Up: 4000 sq ft
Land Area: 20 x 100 (2000 sq ft)
Non Bumi Lot
Gross Rental Yield: 4% – 6%

Investment Potential
Ipoh Old Town continues to attract both local and foreign tourists due to its heritage charm, food culture, and café scene. Commercial properties within walking distance to Concubine Lane are highly sought after because of:
• Limited heritage shoplot supply
• Strong tourism-driven business demand
• Boutique hospitality growth
• Increasing café and lifestyle retail concepts

This property is flexible for different investor strategies:
Suitable For:
• Boutique hotel
• Airbnb heritage stay
• Café & restaurant
• Bar/lounge concept
• Retail flagship outlet
• Co-working space
• Event/gallery space
This diversification lowers investment risk because the property appeals to multiple tenant categories.

Nearby Attractions & Tourist Hotspots
The property is surrounded by Ipoh’s main tourism attractions:
• Concubine Lane — famous heritage street filled with cafés, souvenir shops, murals, and tourist activities
• Kong Heng Square — trendy café and artisan retail area
• Han Chin Pet Soo Museum
• Ipoh Railway Station
• Birch Memorial Clock Tower
• Heritage mural streets and photography spots

Amenities Nearby
Commercial and lifestyle conveniences within short driving distance:
• Ipoh Parade
• AEON Mall Kinta City
• Octagon Ipoh
• Banks, cafés, convenience stores, pharmacies, and hotels nearby

Medical Facilities
Nearby healthcare access includes:
• Pantai Hospital Ipoh
• KPJ Ipoh Specialist Hospital
• Hospital Fatimah

Accessibility
Excellent connectivity via:
• Jalan Sultan Iskandar
• Jalan Bandar Timah
• Jalan Raja Ekram
• Easy access to North-South Expressway (PLUS)
• Near KTM Ipoh Railway Station
• Strong tourist route connectivity from Kuala Lumpur and Penang

Allan Tilay, MBA
Snr REN 43090
CiD Realtors Sdn Bhd
HP: Show contact number