Detached Property on Lorong Abu Siti (Aboo Sittee Lane) in George Town.
For
SALE MYR 3,980,000
per month
MYR 1,086/sq.ft
Title: Freehold
Tenure: 0 Years
Bedroom:
Bathroom:
Built-up Area: 3,000 sq.ft
Land Area: 3,664 sq.ft.
Others:
Tenanted
Rental Return: MYR 0
No of Years: 0
Commencement Date :
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Positioned along Lorong Abu Siti (Aboo Sittee Lane) in George Town, Penang Island, this double-storey detached property presents an exceptional investment opportunity.
Sitting on a corner freehold land parcel spanning 3,664 square feet, this property presents ample potential for various commercial ventures. Priced at MYR 3,980,000 on an as-is basis, it represents a compelling opportunity for investors seeking to capitalize on Penang's dynamic real estate market.
Strategically situated within a commercial zoning area, the property offers the potential for seamless conversion to commercial use, leveraging its premium location and favorable assessment. Currently designated for residential purposes, the property holds significant promise for redevelopment, with the prospect of creating a taller structure to maximize space utilization and generate attractive rental yields.
Its prime location amidst numerous tourist attractions, dining establishments, hotels, medical facilities, financial institutions, educational institutions, and healthcare centers enhances its appeal as a lucrative investment option.
To fully appreciate the value and potential of this property, schedule a viewing today.
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