Sensational fully renovated 2 floor commercial residential villa for sale Wat Damnak | central Siem Reap

Details

This sensational fully renovated 2 floor commercial residential villa in a lush garden setting is now available for sale in the quiet area of Wat Damnak in central Siem Reap.

Built in 2006, this charming villa has had a complete makeover in 2022 with an inground swimming pool, room additions and modern updates with a high-end landscaped garden.

Being located a few minutes away from the tourist hub of Siem Reap and other commercial venues, it is an ideal investment either as a family home or a funky office.

Surrounded by landscaped tropical gardens, with a new in-ground swimming pool and shaded seating area within a bespoke solid stone wall you will feel safe and a part of nature.

The ground floor is both open and closed. Large floor to ceiling windows with shutters on the side walls and authentic colonial tiles give a modern feel with an old-world charm.

It is either a perfect open plan office with adjoining meeting room, and staff kitchen facilities that can be cleverly screened off from the main area…

Or a large open plan living room with covered seating area overlooking the garden, with a modern galley kitchen and separate dining room. All spaces are air-conditioned.

The upper floor with a large, covered balcony is accessed via a modern spiral staircase. The decking stretches around the building giving front and rear access.

There are 4 bedrooms + study or 5 separate offices. All are masterfully furnished and decorated.

This once in a lifetime opportunity will give the new owner a new lease of life with a healthy environment only minutes from the city centre.

Furniture package as seen here is $25,000.

Original ID: SR.AA7

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Siem Reap

In ‘normal’ years, the northwest of Cambodia attracts millions of tourists wanting to see the Angkor temples, however, most go directly to the city and not witness the beauty of the surrounding province.

Siem Reap province is located about 300km northwest of Phnom Penh and covers a total area of around 10,300km².

It borders Oddar Meanchey (north), Preah Vihear and Kampong Thom (east), Battambang (south) and Banteay Meanchey (west).

It borders the Tonle Sap (the largest freshwater lake in Southeast Asia) and Phnom Kulen, an isolated mountain and the highest point in the province, standing at 487m.

Siem Reap city is the 5^th largest urban centre in Cambodia after Takhmau, Battambang, Serei Saophoan and Phnom Penh.

The province has 12 districts, 100 communes and around 875 villages. Most of the villages are located in Angkor Chum, Chi Kreng, Krolanh, Puk and Sot Nikum.

Angkor Thom district is best known for Angkor Wat and Angkor Thom. Many people also visit Banteay Srei to visit the famous namesake temple.

Nature

Most of the region is full of wet plains, particularly in the south near Tonle Sap and in the wet season, rice fields and other plantations are well irrigated, with the north covered in thick, green jungle.

The Mekong River is narrow as it passes through the province but is an important source of water for the region, flowing from Phnom Kulen to the lake.

Real estate

Siem Reap is a major tourist destination and the demand for real estate has been growing steadily.

It has a wide range of hotels, offices, commercial spaces and residential properties catering to any budget.

These are the most popular places (with indicative rents and land prices per metre):

Sala Kamreuk: Popular expat area with many residential and commercial properties. Rent $200 – $1,500/month or buy $300 – $400/sqm.

Svay Dangkum: A residential area popular with locals and long-term expats where many good villas are located. Rent $60 – $900/month, villas $1,000 – $2,000/month and $300 – $1,500/sqm to buy.

Wat Bo: Mostly commercial with some residential properties near Pub Street. Apartments $200 – $1,500/month or buy $400 – $2,500/sqm.

Night Market: Popular tourist area comprised mostly of restaurants, bars, hotels, and guesthouses and some residential properties. Apartments $300 – $1,000/month or buy $600 – $2,000/sqm.

Slor Kram: Near Wat Bo, popular with locals and long-term expats due to its proximity to the centre. Apartments $250 – $700/month or buy $250 – $700/sqm.

Wat Damnak: Comprised mostly of commercial establishments, bars, restaurants, hotels, shops and apartment buildings. Apartments range $300 – $1,500/month or buy $400 – $1,200/sqm.

Chreav: A rural area full of rice fields. Development is underway because of the new ring road that is being constructed and land is being subdivided for residential developments.

Houses can be rented for $300 – $500/month and land to buy $30 – $60/sqm.

Bakong: A temple area known for its floating villages and rice fields. Land $6 – $30/sqm.

Wat Athvear: A semi-rural area on the road to the floating villages. Apartments and villas are generally not available in these areas, but land is available $100 – $250/sqm.

Kouk Chak: A semi-rural area becoming more developed. Apartments are available to rent for $200 – $400/month. Land is available to buy at $150 – $400/sqm.

Sambour: A rural area with good access to the ring roads and will be developed in coming years. Land can be bought for $60 – $120/sqm.

French Quarter: Where most commercial establishments (restaurants, bars, banks and hotels) are located.

Apartments are not available here and land is generally $1,000 – $3,000/sqm.

Good guide to investing in Cambodia

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.

What separates a successful from unsuccessful investor is not pure luck, as many think, but the ability to recognise and avoid mistakes.

Investing in Cambodia is no different and here are some things to consider before you part with your hard-earned cash.

READ MORE

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