This commercial property for sale is located in Jelutong, Penang, along Karpal Singh Drive in Georgetown. The shop, office and retail space has a built-up area of 4,588 square feet on a land area of 2,787 square feet, with leasehold tenure until 2104. It is currently tenanted at RM15,000 per month and is priced at RM4,000,000. Suitable for investment or own use. Contact the agent today to arrange a viewing.

Specifications

The Edge Headline

Commercial Property At Karpal Singh Drive, Georgetown For Sale

Tenure

Leasehold

Built Up Area

4588

Bumiputera Lot

Postcode

11600

New Launch Units

Year Built

Before 2000

Property Guru Township

No township available

Description

Commercial Property For Sale @ Karpal Singh Drive, Jelutong, Georgetown, Penang

Selling Price: RM4,000,000

Property Details:
Land Size: 2,787 sqft
Built-Up Area:
Ground Floor: 1,824 sqft
Yard: 600 sqfT
Verandah: 350 sqft
1st Floor: 1,334 sqft
Balcony: 480 sqft
Total Usable Area: 4,588 sqft

Title: Leasehold (until year 2104)
Lot Status: Non-Bumi Lot
Zoning: Commercial -ROI 5%
Highlights:
Prime location at Karpal Singh Drive, Georgetown a vibrant commercial and lifestyle hub
Currently tenanted at RM15,000/month until October 2025, with rent adjustment thereafter
Suitable for investment or own use strong rental demand in this area
Long leasehold tenure (until 2104) provides security for long-term investment

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Loan & Insurance Calculator

Estimates only

Rates: Bank Negara Malaysia (indicative effective lending rate), refreshed daily. Tap a bank to apply its rate.

Property Price (RM)

Down Payment 10%

Interest Rate (%)

Tenure (Years)

Buyer Age (for MRTA / MLTA)

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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.