- Close to Aeon 1
- Close to CBD
- Close to embassies
- Close to Independence Monument
- Development potential
- Good ROI
- hard title
This undeveloped 1125sqm prime land parcel in BKK 1, central Phnom Penh is now available for sale to a savvy investor.
This presents is a rare opportunity to buy a block of land with a 30 metre frontage which is begging for development.
Because of the property’s uniqueness of size and location, it has a quality with good potential for serious investors looking for ‘something different’.
It currently has direct sub road access to Monyvong and Norodom Boulevards and is 5 min to Independence Monument, making this an investor’s dream.
BKK land features:
- Undeveloped with huge potential
- Public electricity and water supply connected
- Located in a prestigious central city area
- Hard Title
Original ID: BKK1.T2
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Bassac Lane, a stone’s throw away:
Amid widespread devastation of the hospitality industry by COVID, one area in Phnom Penh seems to be defying the odds.
It includes bustling St 308 and St 21 where you will find cozy, high end bars and restaurants surrounded by new condos and other night venues.
The neighborhood is made up of groovy little streets with cool bars and eateries almost hidden away.
It is the fun area with a distinct western vibe with bars in a different theme or style to suit.
COVID-19 slowed business here but it bounced back and now the night air is filled with music as people return to their old habits.
The neighborhood is now so full of bars and hole-in-the-wall venues, that new venues are spilling into Street 308 and Street 21.
Because land prices here are 10-20% less than BKK 1, prices are cheaper all round.
Prices of food and beverages are comparatively cheap. You can find a bar selling cocktails at $3, draught beer at $1 and meals from $5.
Amidst the general activity, there is a sense of optimism despite the tight border controls keeping tourist numbers down.
So instead of going to the usual haunts on Street 136 and Pub Street that have obviously been hard hit by the pandemic, check out the lane where the night lights are a little bit brighter.
Upmarket BKK 1:
Boeung Keng Kang (BKK) 1 bordered by Sihanouk, Norodom, Mao Tse Tung and Monivong Boulevards is a popular area.
It is the centre of Phnom Penh for its banks, hotels, restaurants, shops and bars and the place for business deals, seen as the ‘foreign capital’ for its cosmopolitan nature.
Here are the embassies of Switzerland, Bulgaria, Brunei and Sweden and various NGOs and international companies. BKK also has many schools offering world class education.
It may be pricey, but this area is attractive for all sorts of businesses on streets 278, 282, 63 and 51.
Apartments and hotels are in the mid to upper range due to location and quality.
The local market is located offers a range of goods including fresh food, clothes, jewelry, money exchanges and household goods.
Augmenting the market is a wide selection of international F + B options including coffee shops and bakeries.
After dark the streets are alive with bars, clubs, hotel rooftops and restaurants open for punters.
Things are pricier but you won’t want for much more but BKK has pretty much everything.
Postcode 12000 Phnom Penh real estate made easy
Phnom Penh real estate, especially the rental market, is not easy to navigate around as there’s a lot on offer and prices vary depending on where, when and what you are looking for.
The city offers a range of properties, so it is important you know what is available.
Covid made things difficult for everyone and all over Phnom Penh, people started negotiating heavily.
Although there is some residual goodwill, prices are now close to pre-pandemic levels. Don’t expect real estate miracles any more!
There are essentially four types of rental options (Khmer style shop house, renovated shop house, western apartment, condo / serviced apartment) each with a distinct feature and price tag, depending on location.
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- ID: 22255
- Published: March 25, 2023
- Last Update: March 25, 2023
- Views: 646