Taiping, Perak

Note : This commercial asset comprises 10 adjoining shop lots with individual titles. While currently configured with an owner operated hotel on the upper floors and a retail plaza on the lower levels, the property holds standard commercial zoning. Subject to local council approval, a new owner has complete flexibility to redevelop or reposition the space to suit alternative commercial uses.

Details:

An exceptional, high-yield commercial investment opportunity is now available in the heart of Taiping’s Central Business District (CBD).

This substantial 6 storey mixed-use development features a retail podium, a 76 room hotel, and dedicated basement parking, making it an ideal asset for institutional buyers, hospitality brands, or healthcare operators.

Property Highlights:

- Rare Tenure: 999-Year Leasehold (855 years remaining)
- Total Built-Up Area: Approx. 103,513 sq. ft.
- Total Land Size: Approx. 18,011 sq. ft. (10 contiguous lots with individual titles under single ownership)
- Structure: Basement parking + Ground floor lobby/F&B + 2 floors of retail + 3 floors of hotel rooms + Roof plant room

Functional Layout & Breakdown:

- Basement: 25 secure car bays & 51 motorcycle lots
- Ground Floor: Main lobby with lift access and prime F&B/retail storefronts
- 1st & 2nd Floors: Spacious retail levels equipped with lift and escalator access
- 3rd to 5th Floors: Dedicated hospitality levels featuring 76 hotel rooms (all with attached bathrooms), a meeting room, and an open terrace
- Building Infrastructure: Fitted with escalators, passenger lifts, a dedicated TNB substation, centralized air-conditioning plant, and water management systems

Strategic Location & Proximity:

- Prime Heritage Zone: Situated in a highly visible commercial hotspot within Taiping CBD.
- Tourism Footfall: Located within short walking distance of Taiping’s famous heritage attractions and directly adjacent to an iconic historical clock tower landmark.
- Accessibility: Excellent transport connectivity with a strong influx of domestic, eco-tourism, and weekend travellers.

Versatile Redevelopment Potential:

- Hospitality: Ideal for immediate rebranding into a boutique heritage hotel, budget transit lodging, or a modern co-living hybrid.
- Healthcare & Wellness: Perfectly structured for a senior-living facility, specialist medical center, dialysis clinic, or rehabilitation hub.
- Education: Suitable for a city-campus college or TVET training institute with integrated student accommodations on the upper floors.
- Corporate / GLC: Excellent for an enterprise training academy, cultural hub, or a public sector one-stop service center.

Asking price : RM18M. Valuation at RM20M.
RM1.8 Million per 6 storey shop lot.

Serious buyers and corporate entities are invited to inquire for further details and to arrange a private viewing.

Contact our appointed representative today to discuss this premium asset.

Bazzy REN34579 Show contact number
Rahim & Co International Sdn Bhd VEPM(1)0065/16