Great opportunity to rent out as a secure elevated warehouse, with retail stores to the ground floor with offices to the second floor.
Alternatively redevelop as with residential apartments to the 2nd floor, consistent with the CI Government's initiative for the regeneration of George Town.
The site is zoned General Commercial and as such could theoretically be developed up to 5-7 storeys under current zoning regulations, subject to parking. Opportunity may exist to combine and develop with adjacent sites in future in this busy rejuvenating urban area.
Strong immediate rental income potential with the opportunity for future development.
Priced to sell.