Delightful 18 room building for sale | Daun Penh central Phnom Penh
- Air Conditioning
- Ceiling fans
- Close to Aeon 1
- Close to CBD
- Close to Independence Monument
- Development potential
- EDC and Water State rates
- Fully furnished
- hard title
- Natural light
- Road access
- Tourism location
- Washing machine
This sleek architect designed 18 room apartment building is now available for sale to a savvy investor looking for a great return on investment.
The building is located along Phnom Penh’s coolest yet under rated hundred meters, the locale of Cambodian cool: Street 246.
Step out of your door and realize that all you need to live a good life in Phnom Penh literally next door.
We welcome you to a haven of calm and repose. A boutique building with 10 apartments and an autonomous retail space providing a holistic concept, a space with an abundance of light and greenery.
Each self-contained apartment allows residents to relax while staying in central Phnom Penh.
All living spaces are perfect for people who need a home while working in the city or travelers looking to stay a bit longer and explore the city.
The building offers full services with daily cleaning schedules and all apartments are outfitted with the latest modern conveniences.
- Hard title
- 3 access points
- Modern fit-out with neutral colour scheme
- Large bedrooms with en-suite bathrooms
- Open plan living spaces
- Western kitchens
- EDC (State rates) and free water
- 2 minutes’ walk to the river and Royal Palace
- Queen-sized beds
- Quality amenities
- Fully equipped kitchens
- Washing machines
Total potential rental return: Approx. $7,200/month or $86,400/year
ROI: Approximately 6.5%
Original ID: DP5.Z27
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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 sun up 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. When the Hyatt opens 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.
As of last week, digging has started. My guess is a shopping centre, possibly with apartments too!
Check us out on Google
- ID: 4280
- Published: July 28, 2022
- Last Update: August 17, 2022
- Views: 1679