Three spectacular 1-bedroom Riverside apartments for sale | Daun Penh central Phnom Penh

G1-03 Ground floor at 313 Quayside building, St, Preah Sisowath Quay, Phnom Penh, Cambodia

Features

  • Air Conditioning
  • Balconies
  • Ceiling fans
  • Development potential
  • EDC and Water State rates
  • Good ROI
  • hard title
  • High ceilings
  • Hot water
  • Large open plan spaces
  • Natural light
  • Near Central Market
  • Near French Embassy
  • Parking nearby
  • Private terrace
  • Roof terrace
  • Street access
  • Tourism location
  • Washing machine

Details

A suite of three 1-bedroom colonial apartments, located 1 min from the riverfront on Riverside, Daun Penh, near the Royal Palace and National Museum is now available for sale.

They are situated on the 2nd and 3rd floors of a building with a private entrance, on a lively street with many shops, restaurants and local markets nearby.

All three apartments are partially furnished (beds, tables, chairs, sofas, cookers, fridges) with a range of soft furnishings for sale (lamps, artwork, etc.).

They are ideal for owner-occupation, and/or would be an ideal investment for rental and available for purchase under two separate titles:

Title 1: Two 2nd-floor apartments (combined listed price $129,000)

Two self-contained 1-bedroom apartments, renovated by an Australian builder, with internationally certified electrics.

Front apartment:

71sqm apartment with a large, elegant and well-appointed living room and floor-to-ceiling window that provides excellent light and street views.

There is a raised double sleeping space, a modern and well-equipped kitchen, a welcoming entrance, a modern bathroom with walk-in shower, washing machine and abundant storage space.

The unit is fully air-conditioned and has hot water.

Rear apartment:

42sqm apartment has a compact living room / kitchenette with lots of cupboard space, a roomy bathroom + walk-in shower, a mezzanine double bedroom and a balcony that can be used as a drying area for clothes.

The living area and bedroom each have their own a/c units.

Title 2:  3rd-floor apartment (listed price $109,000)

This self-contained 93sqm third-floor apartment is decorated in French-Colonial style.

It contains an attractive and spacious high-ceiling living room that opens onto a balcony with seating space, a galley kitchen, spacious office / study area, double bedroom with en-suite bathroom and walk-in shower.

There are 3 new/recently serviced a/c units in the living room, office/study and bedroom.

Being on the uppermost floor, the roof top is accessible and could allow for construction of a roof terrace or extra floor.

Combined apartment features:

  • Direct street private access with three security doors
  • Tasteful styling and décor
  • Huge south facing windows
  • Renovated by international firm
  • Partially furnished (inventory available)
  • A/C throughout (7 new/recently serviced units)
  • Hot water throughout
  • Low energy appliances
  • EDC and water (State rates)
  • Soft titles

The three apartments are available for sale as two separate titles as listed above, or at a combined price of $219,000.

Original ID: DP2.F20

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Daun Penh: the real downtown

Day and night Riverside, Daun Penh, is busy. It is probably the real downtown Phnom Penh where the oldest parts of the city are located.

I am referring to Wat Phnom, Phsar Chas, Phsar Kandal, Chey Chumneas and Chaktomuk and the Royal Palace and National Museum of course!

Preah Sisowath (honoring King Sisowath 1904 to 1927 reign) is the avenue / boulevard running along the riverfront.

It starts at the Buddhist Institute near Sothearos Boulevard, then continues north to the Japanese Bridge where it becomes National Road 6 leading north to Battambang.

Generations of days gone by have left their footprints from Angkor kings to French colonists to UN troops.

Riverside witnesses the confluence of the Mekong, Tonle Sap and Bassac rivers and where the Water Festival is best viewed each November.

It is always stunning, especially at sunup and sundown.

In Riverside, there is a wide selection of restaurants, wellbeing services, hotels, shops and bars aimed at tourists.

Among the restaurants, you will find good selections – German, Italian, French, Chinese, Korean, Japanese, Vietnamese, Thai, 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 a stone’s throw away.

This is the dichotomy of Riverside and the attraction of opposites that makes it such an interesting place!

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 streets around Riverside, 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 the riverfront 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.

 

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