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Featured

Georgetown Penang

For Sale
Vintage Car Business 1 day ago
RM 4,500,000
Build-Up Area
No Information Provided
Bedroom(S)
No Information Provided
Bathroom(S)
No Information Provided
Parking(S)
No Information Provided

Details

Furnishing
Fully Furnished
Available Date
08 Jun 2026
Posted Date
08 Jun 2026
Land Tenure
Freehold
Property Type
Retail Space
Status
Non Bumi
Property Title
Individual Title
Occupancy
Owner Occupied

Amenities

Original Condition

Description

FOR SALE – ESTABLISHED VINTAGE MOTOR GALLERY & CLASSIC CAR BUSINESS Prime Freehold Showroom Property | George Town, Penang A rare opportunity to acquire a fully operational vintage and classic car business together with a strategically located showroom property in the heart of George Town, Penang. The owner has spent more than 20 years building this prestigious collection and is now offering the entire business for sale due to retirement. PROPERTY DETAILS Location : Seksyen 4, Bandar George Town, Timur Laut, Pulau Pinang Tenure : Freehold Title Type : Geran (Borang 5BK) Land Particulars Title 1 Land Area : 1,127.9918 sq.m. Approx. 12,141 sq.ft. Approx. 0.279 Acre Title 2 Land Area : 1,284 sq.m. Approx. 13,821 sq.ft. Approx. 0.317 Acre Total Combined Land Size 2 Freehold Titles Total Land Area : 2,411.9918 sq.m. Approx. 25,962 sq.ft. Approx. 0.60 Acre Annual Quit Rent (Combined) : RM5,430.00 BUSINESS ASSETS INCLUDED Approximately 90 units of vintage & classic motor vehicles. Established SSM company. Existing JPJ Test Drive Plates. Business bank account & payment terminal. Restoration workshop equipment. Furniture, showroom fittings & signboards. 10 New China franchise dealership opportunities. Existing customer and buyer network. HIGHLIGHTS More than 20 years of collection and restoration. Estimated restoration investment exceeding RM3 million. Immediate business takeover. Suitable for collectors, investors and automotive entrepreneurs. Asking Price (Business Acquisition) RM4,500,000 (Cash) Estimated Showroom Property Value RM65,000,000

Mohd Safuan
Reg No: Ren38280
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