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French Colonial Apartments - $ 75,000

Home > Real Estate > Residential > For sale > Cambodia > Phnum Pénh > Phnum Pénh > Detailed listing (ZPOC-T156742)

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French Colonial Apartments - Phnom Penh

General Details:

Price $US 75,000+ VAT (10%)
Specifics Studio + 1 Bath
Size 46 sq/m

Sitting in the heart of the Royal Palace district of Phnom Penh, this classic French Colonial era studio looks out onto the Tonle Sap River. The studio features a terrific galley kitchen in which, with the combined living/sleeping area, is laid with a beautiful Khmer tile. From the terrace you can gaze out upon Phnom Penh's active river walk, and watch the Tonle Sap roll by.

These beautiful units are in the chic riverside French Quarter of Phnom Penh. They are refurbs, so zero construction risk to worry about, with only $2,000 required to reserve, with one stage payment of 35% payable after you have conducted appropriate due diligence. There is plenty of leverage as the balance of 65% is not payable until completion and approval of the finished unit.

Capital growth should hover around 15% to 20% per year as the Cambodian economy continues to enjoy this dramatic awakening.

This opportunity offers all the benefits of being in a higher risk market, but is in actual fact a foolproof route to owning a sought after apartment in the best location of the capital city in one of the most feisty economies in the world today. If you are building a diverse property portfolio, you would be wise to include one or two of these gems.

Financial details
Tenure
The tenure of these properties is leasehold. Foreigners may have 99 year leases with no restrictions whatsoever. These leases are renewable and so prove to offer full security to the overseas investor.

Furniture

Your apartment will be full furnished to the standard on the photographs on this document. The apartments are all sold as ‘turn key' - completely, fitted, furnished and ready to rent.

Rental
Our colleagues will manage your apartment for just 15% of the gross income. The yield if current trends continue should be circa 12% upwards, increasing year on year.

Payment Schedule
$2000 deposit (fully refundable) followed by a 30 day due diligence period
35% of the purchase price upon signing the Sales and Purchase Agreement
65% balance on delivery and approval of the completed unit, fully fitted

If you are interested....
Please let us know if you would like us to take a unit off the market on your behalf. We can hold a unit free of charge for 10 working days. If you decide to proceed, you will then be required to pay a $2000 deposit, which is fully refundable in any event.

Investment Characteristics
Corporate Letting
Residential Letting
Capital Growth
Fully Managed
Fully Furnished
Tourist Letting

Lifestyle Activities
City
Riverside

PROPERTY FEATURES

Property type: Apartment	Listing type: For sale
Rental investment: Yes	City: Phnom Penh
Region: Phnom Penh	Country: Cambodia
No. of bathrooms: 1	Furnished: Yes

FINANCIAL INFORMATION

Asking price: USD 75,000

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Prices may or may not include extra charges like taxes, home improvements, agency commission. Always verify details with the owner or broker.