Magnificent 22-bed hotel resort in a lush garden setting for sale Sihanoukville | Kampong Som

Wat Leu, Preah Sihanouk, Cambodia

Features

  • Air Conditioning
  • Balconies
  • BBQ area
  • City views
  • Development potential
  • EDC and Water State rates
  • Fully furnished
  • Garden
  • Good ROI
  • hard title
  • Large open plan spaces
  • Near CBD
  • Non-flooding
  • Off-street parking
  • Road access
  • South facing
  • Swimming Pool
  • Terrace
  • Tourism location

Details

A haven of tranquility in a lush garden setting with sea views, this special property, one of Sihanoukville’s premier boutique hotel resorts is now available for sale.

Guests can enjoy complete privacy in any of the luxurious 16 bungalows, 8 King-size rooms or a family apartment and enjoy the ocean views from spacious balconies.

On-site, there is an infinity swimming pool surrounded by jungle gardens and an exclusive restaurant/bar offering local and international cuisine, including wood-fired pizzas.

The resort is located on the top of the hill near Wat Leu, a short drive from the city centre and beaches.

Each room has an ocean view balcony, king-sized beds, A/C, hot water bath and/or shower, flat-screen cable TV and DVD player, Wi-Fi, fridge and mini-bar.

Rooms are priced from $70-100/night, offering a potential turnover of $650/night at 70% occupancy, just under $240,000/year.

All units are well-maintained, and the entire resort requires fewer than 10 staff, meaning overheads are low.

Investors with a keen eye will see the potential of adding more units, given the land size to create even bigger opportunities.

Invitations are open to views and expressions of interest.

Hotel in brief:

  • Price offer of $600/sqm (negotiable)
  • Land size: 14538sqm (LMAP title)
  • Can be partly sold (minimum size 4,000sqm)
  • Rooms: 6 bungalows, 8 King rooms and 1 x 2 BR apartment (22 beds)
  • Restaurant with Firewood Oven Pizza
  • Rooms generally priced $70-100/night
  • Secure parking for 20 cars
  • Private road access
  • 5km to Ou Chheuteal Beach
  • 8km to Phnom Penh – Sihanoukville Expressway start
  • 205km to Phnom Penh Airport (2 ½ hours approx.)

Original ID: SHV.A11

 

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About Kampong Som

Sihanoukville (Kampong Som) is a coastal city and capital with the same name. It is located in the country’s southwest on the Gulf of Thailand.

The city is surrounded by beaches and marsh lands bordering Ream National Park.

The city has one navigable river, the Ou Trojak Jet running from Otres Pagoda to Otres. A number of islands are nearby which have seen recent development.

In the last few years, the area has seen unprecedented levels of Chinese investment with around 100 casinos opening up in the city.

The city’s profile has changed significantly with thousands of mainland Chinese workers, developers and investors settling there.

In 2019 nearly 80,000 Chinese lived in Sihanoukville (90% of the city’s expat population) making it a major city in China’s One Belt One Road Initiative.

 

PP – SHK Expressway

Now operational, the Expressway is the largest in the country, providing a fast link between the two cities.

  • PROJECT TYPE: 2 + 2 lane Expressway
  • MAX SPEED: 100 km/h
  • LENGTH: 190 km
  • WIDTH: 24.5 metres
  • DEVELOPER: China Road & Bridge Corporation (CRBC)

Feasibility study completed by JICA 2006 – 2018 and construction started in 2019.

The road starts at Tomnup Kob Srov Road in Phnom Penh, runs along the west side of NR 4 to Chbar Mon. There it crosses over NR 4 and continues along its east side to Sihanoukville.

The project includes 89 bridges, 4 rest stops, petrol stations and crash barriers for convenience and safety.

Project cost US$2B – partnership with CRBC and the governments of Cambodia and China. The China Road and Bridge Corporation (CRBC) was the principle contractor and ongoing costs will come from road users via toll booths.

  • Link between the capital and main seaport
  • Reduce transport time by 50% to 2½ hours
  • Ease traffic flow on NR 4 and enhance safety
  • Create 6,000 construction jobs and 2,000 operations jobs

2022 property market healthy enough ?

Despite claims the Cambodia property market is not healthy enough in 2022 to compete globally, there is evidence this is not the case.

The sector has ridden a massive wave of direct foreign investment, mostly from China, with no foreseeable limit, despite COVID-19.

READ MORE

 

Good guide to investing

Here is a good guide to investing in Cambodia that should steer you away from total financial disaster.

The real estate market in Cambodia is extremely varied, more so than most countries, which can make investing either a smooth journey or a rocky one.

READ MORE

 

Innovative Cambodia my 2nd home program

Cambodia my 2nd home (CM2H) is an innovative initiative recently launched by KHCA (Khmer Home Charity Association) in association with the Ministry of Interior (MOI).

Its aim is to help foreign nationals enjoy a series of measures to facilitate living and business in Cambodia.

Benefits for participants in the Cambodia my 2nd home program include – a 10 year unlimited entry / exit visa and, after 5 years, they are eligible to apply for a Cambodian passport and enjoy the advantages of the ASEAN network.

 

Tourism Infrastructure

According to the Tourism Infrastructure Project, tourism – specifically Kampot, Kep and Koh Kong – is expected to increase 500% by 2025.

Further, the Government’s Tourism aims to enhance (i) travel connections; (ii) product development; (iii) tourist safety; (iv) marketing; (v) the business environment; and (v) HR development.

Drone footage of Kampot (Jeff Perigois)

Tourism Growth Project

 

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