Income Producing 50 bedroom Hotel for sale in Campbell Street, George Town, Penang
4,351,500 USD 4,395,015 EUR 3,829,320 GBP
Reference: 219994
- Bedrooms: 50
- Bathrooms: 46
- Floor Size: 1,579 m2
- Plot Size: 437 m2
- Work Required: None
- Balcony
- Income Potential
Details
Excellent opportunity to acquire a renovated post war hotel in the historic Campbell Street area of Penang, currently operating as a block of serviced apartments with F&B, cafe, 2 bars, gym and living room facilities.
The property comes with a total of 40 rooms with attached bathrooms and 10 rooms with 6 shared bathrooms within a built area of approximately 17,000 sq. ft. on 2 lots of lands sized at 4,700 sq. ft.
Whilst maintaining its vintage heritage, it has been carefully and fully refurbished, renovated and furnished. All serviced apartments are modernly equipped with amenities and facilities for comfortable living.
Located in the buffer zone of Georgetown's UNESCO enclave, the subject premises is in the heart of Georgetown's most popular tourist area, within walking distance of new and old retail outlets, restaurants, and tourist sites, such as Armenian St, Love Lane, and local eateries on and off Chulia Street.
Now for sale at MYR 18,000,000-00 with hotel license.
