Hotel For Sale Jalan Penang, George Town
Georgetown, Penang
RM 79,000,000
Listed By
WhatsAppQuick Summary
This freehold hotel property is for sale at Georgetown, Penang, priced at RM 79,000,000. Listed as retail space, it stands on 5,029 square feet of land with about 75,000 square feet built up across 15 floors. It includes a 99-room hotel, a three-level penthouse, 5 F&B outlets and commercial or office lots. Contact the agent today to arrange a viewing.
Specifications
The Edge Headline
Hotel For Sale Jalan Penang, George Town
Tenure
Land Area
5029
Built Up Area
75000
Bumiputera Lot
No
Postcode
Property Guru Area
Property Guru Township
Lebuh Chulia
New Launch Units
-
Title Type
Land Title Type
Year Built
Before 2000
Furnishing
Description
A rare investment opportunity in the heart of Penangs busiest tourism and commercial district.
Photo For illustration use
99-room hotel (Levels 210)
Penthouse (3 levels) Levels 1113
5 F&B outlets (Basement, Ground & Level 1)
Commercial/office lots on Level 1
Building Layout:
Basement: F&B outlet
Ground Floor: F&B outlet
Level 1: F&B + Office/Commercial lots
Levels 210: 99-room hotel
Levels 1113: 3-storey penthouse
Total of 15 built floors (Basement + Ground + Levels 113)
Land area: 5,029 sqft
Estimated built-up: Approximately 75,000 sqft
Estimated value (main hotel building): RM79,000,000
Nearby places
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Loan & Insurance Calculator
Estimates onlyRates: Bank Negara Malaysia (indicative effective lending rate), refreshed daily. Tap a bank to apply its rate.
Monthly Instalment
-
Loan Amount
-
Total Interest
-
MRTA vs MLTA Comparison
Indicative estimates - actual premiums depend on insurer, health & plan| MRTA | MLTA | |
|---|---|---|
| Estimated Premium | - | - |
| Payment | One-off (usually financed into loan) | Monthly / yearly premium |
| Coverage | Reducing - follows loan balance | Level - fixed sum assured |
| Beneficiary | Bank (settles the loan) | Family (loan settled, balance to family) |
| Cash Value | None / minimal | Yes - may have cash value |
| Transferable | Tied to this loan | Portable to next property |
All figures are estimates for reference only and do not constitute financial advice. Loan approval, interest rates and insurance premiums vary by bank, insurer, age, health condition and coverage chosen. Please consult your banker or licensed financial adviser for exact quotations.
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