Details

Enormous colonial commercial space located on the riverfront near Kandal market in Riverside, Daun Penh for rent.

This is a huge space broken up into some very large rooms with soaring ceilings, each with beautiful shuttered windows surrounded by trees.

It is on the 1st floor in an authentic French colonial building with a private balcony overlooking the Tonle Sap.

The building is highly secure in one of the rare remaining historic buildings in the heart of Phnom Penh and has a shared entrance near Sisowath Quay.

The interior is furnished with original Art Deco and colonial details and the floors are of solid hardwood, giving it a unique and special feel.

There is a small galley kitchen and several modernised bathrooms the overall space is perfect as a restaurant, office or any other commercial function given its flexibility.

3 months deposit required.

Original ID: DP2.O4

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

Investment confidence returning in 2024

As the dreary years of 2019-2023 fall away, confidence is returning that the coming months will generate activity essential for a healthy property sector as foreign investment returns to pre-pandemic levels.

The presence of apparent current empty stock, combined with that yet to enter the market, long-term investment is still appealing to foreign investors in this largely stable market.

Many agree that Cambodia weathered the pandemic well and, despite a glut of stock, quality projects will do well as sophisticated investors expect more from developers.

Confidence returning to Cambodia

Riverside: the real colonial downtown

Riverside, the real downtown is the old city with Wat Phnom, Old Market and Chaktomuk.

Many generations’ footprints are here from Angkor kings, French colonists to UN troops.

It is where the Mekong, Tonle Sap and Bassac rivers meet and where the Water Festival occurs each year.

Riverside is pretty especially at sunrise and sunset. Day or night it is busy and a popular tourist spot.

Sisowath Quay (in honor of King Sisowath) is the riverfront road, starting at the Buddhist Institute and heads north to Japanese Bridge where it becomes Road 6, then out of the city.

Riverside has a wide selection of eateries, hotels and bars. Among the restaurants, you will find Italian, French, Japanese, Vietnamese and Malaysian.

A personal reflection:

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 only a stone’s throw away.

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 riverside proximity and the 172 and 178 ‘sweet spot’, maybe there is something coming, something for the inspired new generation of architects and artists.

A short history of colonial villas

Phnom Penh was an important hub for French colonialists and its wide roads, beautiful gardens and grand villas and colonial mansions earned it the undisputed title ‘Pearl of Asia’ in the 1920s.

From this time, the city expanded rapidly.

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