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Prime Commercial Investment Property – For Sale at RM 10.88 Million (final price).
A rare opportunity to own a high-yield commercial property in the heart of Batu Ferringhi, Penang’s premier beachfront destination. Strategically located near luxury resorts, high-end condominiums, upscale restaurants, Uplands School, and just a short walk to the sandy beach, this asset enjoys heavy tourist footfall and high vehicle traffic year-round.
The property sits on 1,970 sqm (approx. 21,213.21 sqft) of freehold commercial land with a total built-up of approximately 21,000 sqft, and comprises:
A licensed 42-room ensuite budget hotel with an operating license and an indoor pool
Four main-road frontage shoplots, with strong visibility and exposure
Currently, all units are tenanted except for one, which is under rental negotiation. The existing rental breakdown is as follows:
Budget Hotel – RM30,000/month
24 Express – RM4,500/month
Domino’s Pizza – RM12,500/month
Happy Mart – RM12,000/month
One vacant unit – asking RM8,000/month
This is a well-positioned income-generating asset with high potential in a prime tourist location.
The property currently generates a total gross rental of approximately RM 67,800 per month.
This is a sale on an as-is basis, ideal for investors seeking immediate passive income. Alternatively, the site offers excellent redevelopment potential for a bespoke commercial venture in one of Penang’s most desirable tourist zones.
Serious offers are welcome.
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