Property ID : PP00042
Buy $2,800,000 - Renovation Projects
Lux Realty are delighted to list this Spacious Land for sale in Phnom Penh’s prime location.
Located in Daun Penh, this old guesthouse provides an opportunity to start over and use the space for any commercial venture.
Daun Penh is the city’s most famous area, host to the Royal Palace, The Royal Museum, Wat Phnom, Independence Monument, Riverside, the Night Market and the city’s central coach station; it is a haven for tourism.
Through Daun Penh run the two most important streets, Movinong Boulevard and Norodom Boulevard. The streets themselves and streets that run through them are host to various clothes shops, eateries, bars, supermarkets and malls.
The area is also a thriving commercial business hub with many international brand name companies now making Phnom Penh their headquarters in the region, such as:
- The World Bank
- IMF
- Prudential
- AIA
- Deloitte
- Bank of China
- Regus
- Raffles Hotel
The building itself is an ageing guesthouse comprising 45 rooms. Restoration of the existing building is a possibility, but an alternative is to re-build a new development and take advantage of the range of international quality materials to make a modern equivalent or another commercial business.
This kind of space rarely becomes available in places like Daun Penh. As the city expands, we find plentiful opportunities like this arise on the city’s outskirts, so this is rare and could be some time before Daun Penh offers up something like this to the market again.
Our agents at Lux are keen to take people for viewings as quickly as possible so don’t hesitate to contact us as this will move fast.
Don’t hesitate to contact us via Facebook messenger for inquiries or viewings, [email protected] – 077668890 or 0969609355.