Renovated 2 bedroom apartment for sale | Riverside Daun Penh

Details

Located a minute from Sisowath Quay, Riverside is this renovated two bedroom apartment for sale, replete with cathedral-scale internal spaces and private roof terrace.

Access is via a short, well-maintained alley with security gates at both end. The stairwell is in good condition and there is a third private security door near the top of the stairs.

With neighbouring construction now complete and access vastly improved, this gem of a property offers promising R.O.I.

<< LAST PRICE… NON NEGOTIABLE >>

Riverside apartment features:

• High ceilings and good ventilation
• Hot water and A/C throughout
• Renovated to Western standards
• Huge combined dining / living / kitchen area
• Large private roof terrace with river views
• Good clean stair access (from alley with security gates)
• Fully furnished
• Great location – less than 30 metres to the river
• Hard title

Original ID: DP2.D1

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Riverside: the real downtown

Riverside, the real downtown is the old city – Wat Phnom, Old Market, Kandal Market and Chaktomuk. Many generations’ footprints are here – Angkor kings, French colonists and UN troops. It is where the Mekong, Tonle Sap and Bassac rivers meet and where the Water Festival takes place each year.

Riverside is always stunning especially at sunrise and sunset. Day and night it is busy and a popular tourist spot.

Sisowath Quay (in honor of King Sisowath) is the riverfront road. It starts at the Buddhist Institute and continues north to Japanese Bridge. There it becomes Road 6 and out of the city.

The area has a wide choice of restaurants, wellbeing services, hotels, shops and bars. Among the restaurants, you will find Italian, French, Japanese, Vietnamese, Indonesian and Malaysian.

A personal reflection on Riverside

Street 172 is punctuated with $3 massage joints and bars occupied by grey faces framed with light grey hair. Yet, just around the corner, Street 178 is now arguably the rising art gallery district of Phnom Penh with the University of Fine Arts and National Museum only a stone’s throw away.

Friends Café has made a bold statement and the Mansion House seems to be waiting for reincarnation. Now the Hyatt has opened its doors to the Jet set, it may well be a different designer-schmick precinct to what is currently now.

In fact, when you look up along 172, the standard of shophouses is somewhat ‘better’ than in other parts of the city: it could be the rising star of Daun Penh and Riverside.

In the surrounding streets in this part of Phnom Penh, there is a sense that there are too many hostess bars, each vying for a shifting slice of the tourist and expat pie.

Rents will rise with the inevitable escalation of land values and the ROI of each vendor’s patch will become more and more critical as the clock ticks.

Looking at Phsar Kandal and the open block where Prey Sar prison once sat. one can’t help but wonder what’s coming next.

Given its proximity to Riverside and the 172 and 178 ‘sweet spot’, maybe there is something special waiting in the sidelines, something for the inspired new generation of architects and artists.

As of last week, digging has started. My guess is a shopping centre, possibly with apartments too!

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