15
Batu Ferringhi, Penang
RM 12,000,00020%RM 15,000,000Shop lot For Sale
, posted 14 Apr
21,213
sq.ft
Description
Licensed Budget Hotel + Commercial Shops | Prime Main Road
Prime Commercial Investment Property – For Sale at RM12 Million (o.n.o.)
A rare opportunity to own a high-yield commercial property in the heart of Batu Ferringhi, Penang’s premier beachfront destination. Strategically located near luxury resorts, high-end condominiums, upscale restaurants, Uplands School, and just a short walk to the sandy beach, this asset enjoys heavy tourist footfall and high vehicle traffic year-round.
The property sits on 1,970 sqm (approx. 21,213.21 sqft) of freehold commercial land with a total built-up of approximately 21,000 sqft, and comprises:
A licensed 42-room ensuite budget hotel with an operating license and an indoor pool
Four main-road frontage shoplots, with strong visibility and exposure.
The property currently generates a total gross rental of approximately RM59,000 per month, or RM708,000 per year, translating to an attractive gross rental yield of approximately 4.72% based on the asking price of RM15 million.
This is a sale on an as-is basis, ideal for investors seeking immediate passive income. Alternatively, the site offers excellent redevelopment potential for a bespoke commercial venture in one of Penang’s most desirable tourist zones.
Serious offers are welcome.
A rare opportunity to own a high-yield commercial property in the heart of Batu Ferringhi, Penang’s premier beachfront destination. Strategically located near luxury resorts, high-end condominiums, upscale restaurants, Uplands School, and just a short walk to the sandy beach, this asset enjoys heavy tourist footfall and high vehicle traffic year-round.
The property sits on 1,970 sqm (approx. 21,213.21 sqft) of freehold commercial land with a total built-up of approximately 21,000 sqft, and comprises:
A licensed 42-room ensuite budget hotel with an operating license and an indoor pool
Four main-road frontage shoplots, with strong visibility and exposure.
The property currently generates a total gross rental of approximately RM59,000 per month, or RM708,000 per year, translating to an attractive gross rental yield of approximately 4.72% based on the asking price of RM15 million.
This is a sale on an as-is basis, ideal for investors seeking immediate passive income. Alternatively, the site offers excellent redevelopment potential for a bespoke commercial venture in one of Penang’s most desirable tourist zones.
Serious offers are welcome.
Property Details
Property Type
Shop lot
Tenure Type
Freehold
Land Title
Non Bumi Lot
Property agent
Penang Property Angel
Firm: E - 31601, REN 49904
All ads from this advertiser (28 For Sale)
Mortgage Estimation
RM 47,820
Estimated monthly installment (Interest rate 4.0%)
* 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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