- Close to Aeon 1
- Close to CBD
- Close to Central Market
- Development potential
- EDC and Water State rates
- hard title
- High ceilings
- Large open plan spaces
- Natural light
- Parking nearby
- Separate street access
- southern orientation
- Tourism location
Minutes from Independence Monument, Central Market and the Royal Palace this commercial building is now available for sale in Daun Penh.
It is a modern building with clean lines and a central atrium for natural light to reach into the rear of the building.
The design and construction, undertaken by a Khmer architect and builder, is sound with no water ingress and some interesting spaces.
Formerly a small hotel with a 120sqm footprint, the building has 9 bedrooms that could be easily converted into offices, private consulting rooms or reinstated as bedrooms. Most have an adjoining bathroom.
There are 2 staircases leading from a semi-private ground floor area that could easily be modified into a café space with some moto parking.
The potential here is almost endless.
The location is excellent being close to Independence Monument, the Royal Palace and Central Market.
Original ID: DP8.L20
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Daun Penh: the real downtown
Day and night Riverside, Daun Penh, is busy. It is probably the real central 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.
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.
As of last week, digging has started. My guess is a shopping centre, possibly with apartments too!
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- ID: 6320
- Published: June 4, 2023
- Last Update: August 31, 2023
- Views: 1577