Land Area: 19,782 sq.ft.
This exceptional freehold (First Grade) property offers a versatile opportunity for commercial or residential development in a prime location. Situated next to Midlands One-Stop Shopping Mall and Berjaya Penang Hotel, and directly opposite Adventist Hospital, this lot is perfect for developers looking to capitalize on a high-demand area with excellent connectivity and amenities.
•Land Size: 1,837.75 square meters (19,782 sq. ft.)
•Zoning: Commercial/Residential
•Permissible Height Control: Up to 5 storeys
•Plot Ratio: 1:1 (base); Maximum 5:1 (subject to approval)
•Setback Requirements:
•10 ft for buildings up to 4 storeys
•15 ft for 5-storey buildings
•20 ft for 6 storeys and above
•Service Road: Provision of a 33 ft service road required
•Asking Price: MYR 750 per sq. ft. (negotiable)
•Total Price: MYR 14,836,500
This rare freehold parcel is located in a vibrant area, ensuring excellent visibility, strong foot traffic, and high potential returns for various development projects.
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