3 units Linked Double Storey Terrace Shophouses
A beautiful antique pre-war heritage building located in the heart of Georgetown overlook Times Square mall Penang for sale at MYR 3.38 million. The double storey heritage terrace with the land area of 4133 sq ft and build up of approximately 5822 sq ft is unique and rarely found inner city of Georgetown area. Being listed as the UNESCO world heritage site since July 2008, the demand for heritage building increases when large numbers of tourists visiting Penang to experience and see the unique architectural and cultural townscape. Most heritage buildings being converted into cozy cafe, restaurant and boutique hotels.
Location: Jalan Siam, Georgetown
Tenure: Freehold
Landarea: 4133 sqft
Built up: 5822 sqft
Price: 3.38 mil net.
Estimate Capital Gain: 9.5 - 12% per annum
Market rental price as of June 2013: 2.5-3k/unit. 6-10k for 3 linked units w 6-9 car park spaces.
Potential tenants: Boutique hotel, F&B business or office spaces users.
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| 1st unit second floor |
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| 1st unit 1st floor bedroom |
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| 1st unit stairscase |
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| First unit ground floor |
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| First unit ground floor |
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| First unit ground floor backyard |
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| 6-9 car parks space. |
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| 2nd unit ground floor |
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| 2nd unit bathroom |
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| 3rd unit ground floor |
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| 3rd unit bathroom |
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| Overlook Time Square scenery |
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| Backyard of second and third unit |
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| Backyard of second and third unit |
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