7 bedroom house for sale with 186m2 of land, Malay Street, Georgetown, Penang Island, Penang

715,600 USD      651,196 EUR 558,168 GBP



REF: 219134   Show Map

  • Bedrooms: 7
  • Bathrooms: 5
  • Floor Size: 372 m2
  • Plot Size: 186 m2
  • Work Required: None
  • Gite / Annex / Additional Accommodation
  • Income Potential

MYR 3,000,000


This property offers versatile accommodation consisting of two adjoining double-storey pre-war heritage shop houses in Georgetown, Penang Island.

The freehold site is nearly rectangular in shape with a provisional land area of approximately 2,000 sq. ft. in one title.
The terrain is generally level and lies slightly higher than the level of the frontage metalled road.

The buildings are basically constructed of concrete floors, with load bearing walls and a timber pitched roof covered with interlocking tiles and corrugated asbestos cement sheets.
The doors are mostly plywood except for the main entrance which is fitted with a metal door, whilst the windows are largely of timber frame glazed casements and adjustable/fixed glass louvres.
The total gross floor area of the premises is about 4,000 sq. ft. comprising 7 spacious rooms, 2 courtyards and 5 bathrooms. The buildings are renovated and refurbished, observed to be in a good state of decorative repair.

The most recent transaction in the surrounding locations was at MYR 1,450 per sq. ft. with property at original condition requiring refurbishment and repair.

The subject premises are currently tenanted at MYR 3,800 per month as home-stay accommodations.

These adjoining properties have ideal potential as boutique accommodations, retail or for any commercial use.



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