Lelong 1-Storey Shop Unit · Pulau Tikus, Penang
1-Storey Shop Unit at Jalan Fettes, Pulau Tikus
14 Jalan Fettes, Pulau Tikus, Penang1-Storey Shop Unit at Jalan Fettes, Pulau Tikus
This 1-storey shop unit at Jalan Fettes offers about 4,137 sq ft in Pulau Tikus, Penang. With a reserve price of RM2,304,000, it suits business owners and investors.
The property is being sold through a bank (Charge) auction handled by e-Lelong (online court auction). Sold strictly on an "as-is-where-is" basis.
- Location Advantage: Located in Pulau Tikus, an upscale neighbourhood just west of George Town.
- Accessibility: Accessible via Jalan Burmah, Jalan Kelawai and the Tun Dr Lim Chong Eu Expressway.
- Property Specs: 1-Storey Shop Unit, approximately 4,137 sq ft.
- Auction Status: Bank auction (Charge) on 1 December 2026 — reserve price RM2,304,000 (6th auction).
Auction Terms & Property Details
| Reserve Price | RM2,304,000 |
|---|---|
| Deposit Required | 10% of reserve price (RM230,400) by bank draft |
| Auction Date | |
| Auction Type | Charge — Bank Auction (High Court) |
| Number of Auctions (NOA) | 6 (6th auction) |
| Auctioneer | e-Lelong (online court auction) |
| Solicitor | Zaid Ibrahim & Co |
| Tenure | Freehold (verify against the POS) |
| Property Category | Commercial (1-Storey Shop Unit) |
| Unit Address | 14 Jalan Fettes 10470, Penang |
Frequently Asked Questions
What is the reserve price of this Jalan Fettes shop unit?
The reserve price is RM2,304,000 for the auction on 1 December 2026. Bidding starts from this reserve price.
How much deposit do I need to bid?
You need a 10% deposit of the reserve price (RM230,400), prepared as a bank draft before the auction day.
Can I get a bank loan for this auction property?
Yes, buyers can generally use commercial property financing. However, you must get your loan pre-approved before bidding, as the balance is typically due within 90 to 120 days depending on the Conditions of Sale.
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Can I view the interior before the auction?
No, interior viewing is usually not permitted because auction properties are sold strictly "as-is-where-is". You may only inspect the exterior and the surrounding neighbourhood.
Interested in This Pulau Tikus Auction Property?
Enquire for the latest auction status, official auction documents, and available property information before making a bidding decision.
