Prime 4.5 Storey Commercial Building on Abu Siti Lane, George Town.
For
SALE MYR 8,500,000
per month
MYR 1,622/sq.ft
Title: Freehold
Tenure: 0 Years
Bedroom:
Bathroom:
Built-up Area: 14,874 sq.ft
Land Area: 5,242 sq.ft.
Others:
Tenanted
Rental Return: MYR 0
No of Years: 0
Commencement Date :
Presenting a rare opportunity to acquire a strategically located 4.5-storey commercial building on Abu Siti Lane, a bustling commercial street in the heart of George Town, Penang. This prominent property, listed at MYR 8.5 million o.n.o. on an “as is” basis, offers immense potential for investors and business owners alike.
The building features a substantial land size of 5,242 square feet and a gross built-up area of 14,874 square feet. While currently there is no lift, the design of the building allows for the installation of an elevator in the center, providing added convenience and accessibility for future tenants. The ground floor is tenanted, with the lease expiring in March 2025, while the upper floors are vacant and ready for new occupants or redevelopment.
Located in the vibrant George Town area, this property benefits from excellent connectivity and a wide range of amenities. Abu Siti Lane is a highly trafficked street, ensuring maximum visibility and foot traffic for businesses. The surrounding neighborhood is a dynamic mix of commercial, retail, and dining establishments, attracting both locals and tourists. Additionally, the property is easily accessible by major roads and public transportation, further enhancing its appeal.
Investing in this commercial building on Abu Siti Lane is a smart choice, given the area’s continuous growth and development. George Town’s status as a UNESCO World Heritage Site adds to the location’s allure, attracting a steady stream of visitors and potential customers. With its prime location, ample space, and potential for customization, this property is poised to deliver significant returns for discerning investors.
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