Urban Suites Jelutong Penang
Urban Suites is a new commercial development occupying 2.9 acres of land and located within an established township at of Jelutong, Penang. It is easily accessible via Dr Lim Chong Eu Expressway and surrounded by abundance of amenities.
Property Overview
Property Project : Urban Suites
Location : Jelutong Penang
Property Type : Commercial suites.
Tenure : Freehold
Developer: Cosmopolitan
Built-up Area: 630sqft, 753 sqft, 836sqft.
Expected Completion Date: Q4’21
Project location:
With it’s strategic location, it will merely takes 5 mins to point of interest below:
- 5 minutes walk to proposed LRT station
- 5 minutes drive to Penang bridge
- 5 minutes to Karpal Singh Drive
- 10 mins to Komtar
- 10 mins to Jetty
- 20 mins to Penang International Airport.
Building plan:
Floor Plan : 630 sqft.
Virtual Showroom link Click HERE.
Floor Plan : 753 sqft.
Floor Plan : 836 sqft.
Virtual showroom click HERE.
Facilities List: More than 40 facilities Available.
Packages:
- Free documentation Fee
- Ideal for Airbnb usage.
- Price Range around RM697k.
- Furnishing options
Click/Tap below link for Agoda Rate on the short term rent.
Verdicts:
Due to commercial title, no APDL is needed as it will not be park under Housing Development Act.
Indirectly, it implying us that this project able to utilise for business purpose, a.k.a Airbnb or Home Stay.
Our last topics highlighted some of the Airbnb do-able projects which you can refer for Penang Mainland and KLCC.
Base on the Calculation and average tourism occupancy, it is expected to achieve rental yield up to 9% ROI per year.
Don’t Believe Us? We have a chart for you.
Doing Calculation base on estimation
Taking RM160 per room only with 2/3 occupancy per Month is more than enough to keep your monthly installment.
If you are taking Karpal Singh RM329 per night, with 2/3 Occupancy,
RM329x20 days = RM6580, it’ll be a Whooping 250% of Return of Investment every month~
With such low Entry Cost, it’s a perfect opportunity for people to invest and convert it to become short term rental.
Interested prospect are more than welcome to contact us via link.
OR
PM our facebook Fan page to get in touch.
OR
Drop a message to one of our Agent, 011-56208268(whatsapp) Mr Yew to schedule exclusive showroom visit appointment.
Why Engage PropXpress?
- 0 Agent Fee
- Developer Appointed Marketing Agent
- Value added Full Fledge service
- Good Relationship with Banker and Developer
- Renovation Expert Consultant
2 thoughts on “Urban Suites @ Jelutong Penang”
Im interested on Urban Suites.