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Lorong Stewart
Lorong Stewart, 10450 Georgetown, Penang
Terrace
Shop
Details:
Property Details
From RM2,900,000
Built Up
From 3,000 SQ. FT
Land Title
Commercial
Tenure
Freehold
Total Blocks
NIL
Total Storeys
2.5
Total Units
NIL
Description
Lorong Stewart nestles in the heart of Georgetown, Penang. The area consists mostly of pre-war buildings, which were used as shop-houses during the olden days. It currently still serves the same purpose, where properties here are used as commercial units, or being converted into accommodations.
Units here are typically 2 storeys high, with built-up from 3,000 sf onward. The units commercial aspect would be the fact that an empty unit can be customized to fit the nature of businesses that owners are planning to run. In terms of accommodation, owners are looking at units that can fit an average of 4 to 5 bedrooms, and it can be rather prospective for investors who are looking to rent out their units, as they are suitable to be converted into hostels or inns, suitable for tourists who are travelling to the state.
Lorong Stewart is a well known place that travellers would visit, thanks to the Love Lane and mural art within the area, which makes units here a lucrative investment. The nightlife here is also a highlight. On the other hand, this area has a host of tourist attractions nearby, which include the likes of Camera Museum, the Sun Yat Sen Museum, and the UNESCO World Heritage Site Buffer Zone. Amenities that are within walking distance are such as banks, cafes, offices, restaurants and small shops.
There are other areas of interest that are located within a small radius of Lorong Stewart, such as Fort Cornwallis, Padang Kota Lama, and the Queen Victoria Memorial Clock Tower, just to name a few. Meanwhile, Georgetown centre is just a short drive away, it houses the Penang Times Square and Prangin Mall, where more entertainment outlets can be found. The Komtar Tower is also located nearby. In any case of emergencies, hospitals such as Penang Hospital and Island Hospital are easily accessible.
Lorong Stewart can be accessed via various points, one of them being the Pengkalan Weld, which has access to Tun Dr. Lim Cheong Eu Highway. Via the highway as well, one can reach other townships such as Bayan Baru and other townships on the mainland.
Very good and I like that place. There’s a semi-seaview and I am staying on the penthouse, 1800sf apartment, Duplex with 2 floors. Can see whole Butterworth from my place. The only thing I don’t like is the lift being too old and overall building very old, need new... See More
paint job done.
Cold zone heritage house - cannot do any renovation as we like. Very congested and not good as residential. Government encourage people to stay because of the culture. There’s a lot of rats and cats everywhere.
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Nearby Amenities:
-
Nearby Properties
Nothing found within 1km
-
Public Transportation
Nothing found within 10km
-
Schools & Universities
Nothing found within 10km
-
Hospitals & Clinics
Nothing found within 10km
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Shops / Malls
Nothing found within 10km
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Places of Worship
Nothing found within 10km
CLICK HERE TO USE MAP
Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Lorong Stewart | 0 |
RM6,300,000
-
RM6,300,000
RM 1,166 psf - RM 1,166 psf |
NIL | NIL | NIL |
| Prangin Mall | 2001 | From RM220,000 | From RM1,300 | NIL | NIL |
| Taman Harbour View | 1995 |
RM320,000
-
RM320,000
RM 457 psf - RM 457 psf |
RM900 - RM900 | NIL | 3.38 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 0 psf
Non Landed Properties
RM 0 psf
Landed Properties
RM 1,048 psf
Commercial Properties
Note:
- This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
- 'Nearby distance' is based on 1 kilometre
- Average Rental Yield takes into account an estimated amount of maintenance fees
My Affordability:
| Down Payment (10%) | RM 290,000 |
| Loan Amount ( 90 %) | RM 2,610,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM
N / A
psf
(3,000 SQ. FT)
Total Monthly Expenses
RM 3,000 ±
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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