8 bedroom apartment building for sale | TK Avenue Toul Kork

Details

This superbly located apartment building (circa 2015) near TK Avenue and AEON 2 is now available for sale to a keen investor looking to enter the accommodation market.

It boasts a footprint of 148 sqm of prime hard titled real estate and has a combined area (four floors) of 500 sqm which represents good value at $1,300/sqm.

Approx. rental returns are $3,200/month ($38,400 p.a.) based on conservative estimates of each self-contained 50 sqm apartment each rented at $400/month.

5.9% Return on Investment

Apartment building features:

• A/C and hot water throughout
• Each unit with private balcony
• CCTV and security alarms
• Refrigerator and washing machines in each apartment
• EDC and water (State rates)
• Fully furnished and ready to move in

Property ID: TSK.A6

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Abode Real Estate has an apartment, condo, office space for rent or for sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

About Toul Kork

Toul Kork (or TK as it is locally known) lies in the north and north west of Phnom Penh city centre cut by Russian Boulevard from the CBD.

Now its northern area is becoming far more affluent to houses similarly priced closer to the centre of town.

Toul Kork (shortened to TK) literally means ‘ground hill’ in Khmer and includes the areas around Boeung Kak Lake and the areas further to the west.

Not being in the city, Toul Kork is good for people wanting a quiet life. It has a mix of properties on wide roads, giving it a spacious suburban feel.

Now it has a more commercial feel, joining Tonle Bassac, Daun Penh and BKK. It now boasts an increased number of commercial activities and is a good housing option.

TK Development:

TK has many condo developments with supermarkets, hospitals, schools, restaurants and coffee shops. AEON Mall 2, the country’s 2nd international mall 15 minutes away.

There are many institutions and businesses in Toul Kork including RUPP, IFL, Institute of Technology, Pannasastra, Tax Dept and Ministry of Labour.

Despite many completed and ‘in construction’ high rises, villas and gated communities dominate the area. Wealthy Cambodian families like to live in or near TK Avenue.

As affluence has grown, the area has seen an increase in retail shops. TK Avenue (the first international style complex) and Phnom Penh City Centre Mall are 2 examples.

The Boeung Kak and Camko City developments also feature large scale housing and commercial spaces.

South Toul Kork has mainly low rise properties mostly owned and occupied by locals.

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.

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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.

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Innovative Cambodia my 2nd home program

Cambodia my 2^nd 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.

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