Development opportunity in the heart of Phnom Penh

$580,000 usd

Property Description

Located in a highly sought after area, tucked near the end of a quiet cul de sac behind the Royal Palace, this large land parcel (18 * 9m) with old villa is ripe for a developers’ picking.

The villa with 4 bedrooms, 3 bathrooms, 2 kitchens, 3 living areas and large balcony (3 * 4m) could be tastefully restored, the old wood recycled or the buildingĀ  completely removed to make way for an eight-storey condominium complex.

Being strategically placed on a corner, the property is easily accessible on three sides meaning the possibilities are endless for a creative investor.

 

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