Prime Freehold Land on Transfer Road in Penang George Town Inner City, Now for Sale
For
SALE MYR 3,000,000
per month
MYR 800/sq.ft
Title: Freehold
Tenure: 0 Years
Bedroom:
Bathroom:
Built-up Area: 0 sq.ft
Land Area: 3,748 sq.ft.
Others:
Tenanted
Rental Return: MYR 0
No of Years: 0
Commencement Date :
The subject land is a freehold 3,748 sq. ft. prime land located on Transfer Road, within the heart of George Town, Penang island.
The land comprises two lots sized at 3,068 sq. ft. and 680 sq. ft., totalling up to 3,748 sq. ft.
Now for sale at MYR 3,000,000
View to appreciate.
Note: A freehold prime real estate across the street from the subject land is also available for sale.
Click on the following link to find out more.
Freehold Land with 4 Heritage Properties fronting Transfer Road and Clarke Street, George Town
About Transfer Road
Transfer Road is one of the major roads in George Town, Penang. It runs from Burmah Road to Northam Road, and has a number of offshoots. Among the roads that branches off from Transfer Road are Phee Choon Road, Kedah Road, Dickens Street, Popus Lane, Dindings Lane, Hutton Lane, Ariffin Road, Jalan A.S. Mansoor, Argyll Road and Sri Bahari Road.
Transfer Road was constructed in the third quarter of the 19th century. It follows the course of the Transfer Road Canal, a ditch that has since been obscured for much of the way.
Transfer Road was named to commemorate the transfer of the administration of the Straits Settlements from Madras to Singapore in 1867, given greater autonomy in the administration of the states.
In the 1950s and 60s Transfer Road was one of the places offering hotels to visitors to Penang. Among them include Embassy Hotel and Hong Aun Hotel. Today, although these hotel buildings are still standing, they are no longer operating, or are awaiting much-needed restoration.
Being at the fringe of the George Town World Heritage Site, Transfer Road is again a choice location for small to moderate size accommodations, with a number of hotels opening along and around the road in the past few years i.e. Penaga Hotel, Yes Hotel, Jawi Peranakan Mansion.