⭐ Standalone ⭐ RM288 / bed ⭐ 11,000sf ⭐ 1 whole floor of rooftop cafeteria ⭐, George Town
10400, Penang
RM 23,000 /mo
80
Beds
11,000
sqft (floor)
Photos
Property details
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About ⭐ Standalone ⭐ RM288 / bed ⭐ 11,000sf ⭐ 1 whole floor of rooftop cafeteria ⭐
Heritage Tourism Hotspot - Fully Renovated - Ready To Operate !
❈ LOCATION HIGHLIGHTS
▸ Prime location in Georgetown, Penang — a bustling tourism hotspot and UNESCO World Heritage area.
▸ Surrounded by key landmarks: Komtar Tower, Penang Times Square, Gurney Plaza, Penang General Hospital, heritage sites, cafes, F&B outlets, and cultural attractions.
▸ Strong catchment from tourists, backpackers, students, professionals, and nearby residential communities.
▸ Excellent connectivity — 10–15 mins walk to Komtar Bus Terminal, accessible via major roads and Penang public transport networks.
▸ Future growth supported by continuous tourism expansion, heritage restoration projects, lifestyle and F&B growth, and increasing short-term rental demand.
❈ PROPERTY DETAILS
▸ 7-storey standalone hotel / hostel
▸ Total built-up: approx. 11,000 sf (RM2.10 psf)
▸ Configuration: 80 beds (~RM288 per bed)
▸ Condition: Tastefully renovated with modern finishes — save up to RM1.3 million in CAPEX
▸ Ambience: Bright, functional interiors designed for comfort and convenience; common areas with cozy lounges, study/workspaces, and guest-friendly layouts
▸ Tenancy / Operations: Asking rental RM23,000 / month — buyover fee required
❈ INVESTMENT EDGE / ADVANTAGES
▸ Located in Penang’s prime tourism belt with strong backpacker and short-term rental demand
▸ Renovated property ready for immediate operations — saves significant CAPEX
▸ Opportunity to generate extra revenue via retail/F&B, communal facilities, and events
▸ Rare standalone hostel building in high footfall heritage area
▸ Strong capital appreciation potential as tourism rebounds
❈ DISCLAIMER
Content & photos may differ. In-person viewing recommended for accurate assessment.
❈ AGENT BRANDING
VIVAHOMES ‘Seamus KOR’ – Malaysia TOP Hotel & Commercial Agent with Most Valuable Listings to share
❈ PUNCHLINES
▸ Prime Georgetown Location | Heritage Tourism Hotspot
▸ Fully Renovated | Immediate Operations
▸ Extra Revenue Potential | Buyover Opportunity
▸ High Tourist Flow | Short-Term Rental Demand
▸ Prime location in Georgetown, Penang — a bustling tourism hotspot and UNESCO World Heritage area.
▸ Surrounded by key landmarks: Komtar Tower, Penang Times Square, Gurney Plaza, Penang General Hospital, heritage sites, cafes, F&B outlets, and cultural attractions.
▸ Strong catchment from tourists, backpackers, students, professionals, and nearby residential communities.
▸ Excellent connectivity — 10–15 mins walk to Komtar Bus Terminal, accessible via major roads and Penang public transport networks.
▸ Future growth supported by continuous tourism expansion, heritage restoration projects, lifestyle and F&B growth, and increasing short-term rental demand.
❈ PROPERTY DETAILS
▸ 7-storey standalone hotel / hostel
▸ Total built-up: approx. 11,000 sf (RM2.10 psf)
▸ Configuration: 80 beds (~RM288 per bed)
▸ Condition: Tastefully renovated with modern finishes — save up to RM1.3 million in CAPEX
▸ Ambience: Bright, functional interiors designed for comfort and convenience; common areas with cozy lounges, study/workspaces, and guest-friendly layouts
▸ Tenancy / Operations: Asking rental RM23,000 / month — buyover fee required
❈ INVESTMENT EDGE / ADVANTAGES
▸ Located in Penang’s prime tourism belt with strong backpacker and short-term rental demand
▸ Renovated property ready for immediate operations — saves significant CAPEX
▸ Opportunity to generate extra revenue via retail/F&B, communal facilities, and events
▸ Rare standalone hostel building in high footfall heritage area
▸ Strong capital appreciation potential as tourism rebounds
❈ DISCLAIMER
Content & photos may differ. In-person viewing recommended for accurate assessment.
❈ AGENT BRANDING
VIVAHOMES ‘Seamus KOR’ – Malaysia TOP Hotel & Commercial Agent with Most Valuable Listings to share
❈ PUNCHLINES
▸ Prime Georgetown Location | Heritage Tourism Hotspot
▸ Fully Renovated | Immediate Operations
▸ Extra Revenue Potential | Buyover Opportunity
▸ High Tourist Flow | Short-Term Rental Demand
Common facilities
24-hour security
Cafe
Parking
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FAQs
The rental price is RM 23,000 /mo.
10400, Penang.
This floor size of this unit is 11,000 sqft.
Freehold.
Here are 10 things you should know before you rent a place including security deposit, tenancy agreement, stamping fees and other fees.
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