Row of Heritage Shoplots (Jalan Krian)

Jalan Macalister George Town, Pulau Pinang Malaysia 10400
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A


Tenure Type Freehold
Building Area
Land Area

Property Description

The row of heritage shophouses is strategically located in George Town, Penang and it has easy access to every direction of the city. The subject properties are located in a prominent location. It is also one of the bustling tourist hotspots with a huge selection of guesthouses, hotels, F&B outlets and famous local hawker stalls are in the vicinity and within walking distance. One of the famous street food stalls is New Lane Street Foodstalls where the tourists and locals usually go to and experience the authentic Penang street food.

A Rare Opportunity to Purchase a Cluster of Pre-war Heritage Shophouse, Prime Heritage Shophouse in Strategic Location, First Grade Land & Freehold Tenure, Potential Conversion, and also an Asset Enhancement Opportunity

Investment Highlights

  • Freehold Tenure, First Grade Title
  • Total Gross Floor Area: Approx. 32,376 sq. ft.
  • Located at one of the busiest thoroughfares in Georgetown
  • 5-minute drive from Komtar Penang, 8-minute drive from Georgetown UNESCO World Heritage Site, 15-minute drive from Penang Bridge
  • Suitable for Retail & Entertainment Businesses, F&B Outlets, Cafes & Bars, Art Galleries, Arcades, Hotels, Saloons and Boutiques & Private Museums, etc.
Tender Details
  • Tender Submission Period: 8.30 am - 4.30 pm, 2nd - 6th Nov 2020
  • Tender Closing Date: 4.30 pm, 6th Nov 2020
  • Cost for Tender Document: RM 100
Last Updated Date: 11 Oct 2020
Chiao Chee
Senior Executive, Capital Markets
Vinnie Yiw
Producer, Capital Markets Transactions

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Last Updated Date: 11 Oct 2020

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