5acre Freehold Land by the Sea on Macallum Street Ghaut, George Town, Now for Sale
For
SALE MYR 157,227,364
per month
MYR 700/sq.ft
Title: Freehold
Tenure: 0 Years
Bedroom:
Bathroom:
Built-up Area: 0 sq.ft
Land Area: 224,611 sq.ft.
Others:
Tenanted
Rental Return: MYR 0
No of Years: 0
Commencement Date :
The subject premises is a 5acre freehold land by the waters of the Strait of Malacca, located on Macallum Street Ghaut, George Town. It is located next to the Harbour Trade Centre, Culinary Arts Centre and Public Bank's Macallum Branch.
Sized at 224610.52 sq. ft. in total, the subject land sits on two lots, number 325 and 363.
Lot 363 is zoned under "parking" category, and Lot 325 is zoned under "industrial" category. Both can be converted to commercial if required.
Now for sale at only MYR 700 per sq. ft.
View to appreciate.
About the Location
Macallum Street Ghaut is both a street as well as neighbourhood in George Town, Penang. The Macallum Street Ghaut area was created in the early 1980's as an extension of Macallum Street when land reclamation extended the shoreline outward. This enabled the served by Macallum Street Ghaut and Cecil Street Ghaut to be developed. Until then, both streets were paths that led to the swampy coast. (Much of the eastern coastline of Penang Island was lined with mangrove swamps which were progressively cleared, though the mangrove reestablishes itself in some places.)The Macallum Street Ghaut neighbourhood was developed in stages with low- to medium-cost apartments. Among the earliest were the PDC Flats namely blocks 346, 349, 350, 352 and 354, located between Macallum Street Ghaut and Cecil Street Ghaut. Facing Tun Dr Lim Chong Eu Expressway are the Macallum Flats block 1, 2 and 3.
A more recent development in the Macallum Street Ghaut area is a high-rise apartment complex known as Pelangi Apartment. It comprises blocks 3, 5, 7, 9 and 11 along Lintang Macallum 2, and Blocks 358, 360 and 362 at Lintang Macallum 1, near the mouth of Sungai Pinang. There is also a small area of landed low-cost houses accessed via Pintasan Cecil. The newest development is presently the Sri Saujana Apartment blocks 42A, 42B and 43C, occupying part of the area that was the former Koay Jetty.
In addition to the residential property, there are also commercial properties at Macallum Street Ghaut. Perhaps the most prominent are Kompleks Pulau Mutiara, which houses the wholesale market relocated from Sia Boey, and Harbour Trade Centre.
Source from penangtraveltips.com