Sleek 4 floor apartment building for sale Daun Penh | central Phnom Penh

Details

This sleek architect designed and serviced apartment building is now available for sale to a savvy investor looking for a great return on investment.

The building is located along Phnom Penh’s hippest hundred meters, if not the epicenter of Cambodian cool: Street 240.

Step out of your door and realize that all you need to live a good life in Phnom Penh literally next door. Street 240 has a great collection of boutiques, bars and eateries.

We welcome you to a haven of calm and repose. A boutique establishment with only 4 apartments providing a holistic concept, a space with an abundance of light and greenery.

Each apartment allows residents to relax while staying in central Phnom Penh.

Each living space is perfect for people who need a home while working in the city, but also suits travelers looking to stay a bit longer and explore perfect inner-city living.

The building offers full services with daily cleaning schedules and all apartments are outfitted with the latest modern appliances.

All apartments and ground floor commercial space are currently rented.

Each apartment in the building comes with:

• HDTV and cable TV
• Safety box
• Queen-sized bed
• Shower/bath and amenities
• Fully equipped kitchen, incl. microwave and espresso machine
• Glassware

Building includes all modern necessities:

• 24hr. security and CCTV surveillance
• Fire/smoke detection
• Housekeeping and laundry services
• Waste collection

Apartment details:

Ground floor retail / commercial space

Sleek modern shop design that runs the full length of the building. Plenty of storage and bathrooms are in situ. Small courtyard out front.

First floor apartment

A bright, airy split-level walk-up located on the first floor.

The kitchen, living room and half-bath are located downstairs and include floor-to-ceiling windows, bar, desk, lounge sofa and intimate terrace overlooking Street 240.

The loft-style bedroom upstairs includes a double queen bed, full bath and luggage & clothing storage.

The ceiling in the shower is less than 2 meters high.

Floor plan details:

• Living space: 51.5sqm
• Sleeping space: 23.5sqm
• Terrace: 5.0sqm

Second floor apartment

#2 is a bright, airy split-level walk-up located on the second floor.

It is very similar to Zn #1.

The kitchen, living room and half-bath are located downstairs.

The room includes floor-to-ceiling windows, a bar, desk, lounge sofa and small terrace overlooking Street 240.

Floor plan details:

• Living space: 51.5sqm
• Sleeping space: 23.5sqm
• Terrace: 5.0sqm

Third floor apartment

#3 is a third-floor, studio walk-up with a large private terrace on the fourth floor.

The main area includes kitchen, bar and spacious bath as well as a desk and working area.

The lounge sofa converts into a queen-sized bed. The bathroom is spacious with high ceilings.

This apartment has an extra-large private terrace.

The loft-style bedroom upstairs includes a double queen bed, full bath and luggage & clothing storage.

The ceiling in the bath is less than 2 meters high.

Floor plan details:

• Living space: 40sqm
• Sleeping space: 18sqm
• Terrace: 14sqm

Fourth floor apartment

#4 is a quaint, three-story apartment with the kitchen, dining area and half bath on the first level, a large lounge and living room on the second floor and the bedroom on the third floor.

The third-floor bedroom includes a queen-sized bed, en suite shower and washing and closet space.

Floor plan details:

• Kitchen and dining: 18sqm
• Living room: 18sqm
• Bedroom: 18sqm

Prices:

Total current rental return: $4,150/month or $49,800/annum

ROI: Approximately 4.5% (Covid discounts have applied here)

Original ID: DP4.R4a

Does this interest you?

Does this location or property type interest you?

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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.

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 river and the 172 / 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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