Magnificent 4-level colonial building for sale | Daun Penh

Details

This unique Khmer colonial fusion apartment and commercial building with 4 levels is now available for sale in Daun Penh with direct views of the Royal Palace.

The building has a 170sqm footprint with the following layout:

• Ground floor: 3 retail and 1 residential/commercial space + mezzanines
• First floor: 3 residential spaces + mezzanines + residential / commercial space
• Second and third floors: 3 large residential spaces

All units are fully restored, with beautiful antique furniture and seldom vacant.

The ground floor commercial/retail spaces have good street presence.

With direct street access, the units each have kitchen/living areas with wood-paneled ceilings, antique furniture and art with private, balconies over the Royal Palace.

The bathrooms and kitchens are modern and all apartments are currently 100% occupied.

This special building is well positioned due to its proximity to the Royal Palace, Hyatt Hotel, Naga, BKK 1 and the river front.

Colonial building features:

• Security access doors
• Quiet location with palace views
• A/C and hot water
• Fully equipped kitchens
• Bedrooms with plenty of storage
• Large dining / living rooms (double height)
• Plenty of natural light
• Direct street access
• Near Riverside and Royal Palace
• EDC and water (State rates)
• Hard title + soft title mix
• Generous R.O.I.

Property ID: DP4.H64

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We also have apartments, condos, office spaces for rent or for sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

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 and is always stunning, especially at sunup 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 and now the Hyatt has opened its doors to the Jet set, it is a different designer-schmick precinct to what was.

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.

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