Land Area: 11,159 sq.ft.
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Nestled off the vibrant Jalan Paya Terubong, Air Itam, Pulau Pinang, lies a development gem waiting to be unearthed. Two parcels of pristine land beckon developers with a vision, offering both potential and a prime location. Holding a freehold title, the combined space is vast, spanning 1,036.6711 sqm (11,159 sq ft) and for sale MYR 1.674M.
At the heart of its appeal is the land's accessibility. Positioned approximately 8 km from the cultural hub of Georgetown and a mere 10 km from the iconic Penang Bridge, connectivity is a definite edge. The main access to this property is through Jalan Paya Terubong, which leads to a frontage road right to the property. Such convenience is a rare find.
Beyond its strategic location, the surroundings add value. The parcels are bordered by an eclectic mix of pre-war shophouses, varying residential properties, and contemporary amenities. Moreover, the property currently houses two detached, dilapidated buildings. While their value isn't factored into the overall valuation, they pose an intriguing prospect for renovation or redevelopment.
Educational institutions are aplenty in the vicinity. Esteemed schools such as SJK (C) Kong Min and a slew of primary and secondary establishments pepper the surrounding area. In addition, landmarks like the Deview Hotel, the historic Kek Lok Si Temple, Ayer Itam Police Station, and more are just a stone's throw away, guaranteeing footfall and visibility.
Utilities and public services are readily available. From telecommunication facilities to public transport plying along the main roads, every convenience is within reach. Given its prime position and the rich tapestry of amenities and services surrounding it, the land is a golden opportunity for residential or mixed-use development.
In conclusion, this freehold property, currently vacant and unoccupied, offers a unique chance. For developers aiming to craft a residential haven or a bustling commercial hub, this space in Pulau Pinang is an unmissable opportunity.
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