Full Description

Central French Quarter Apartment in refurbished Colonial building with views of Saigon river. Finished to a high executive standard, these units are ideal rentals for business and company contracts. With Phnom Penh the capital and the business hub of the country, there is growing demand for high quality accomodation. Fully managed with rental Guarantee for 2 years at 9%. The Development company not only guarantee the first 2 years rental, they will continue to manage the rental after the guarantee period for a small fee, which should enable the returns to increase over 10%. Total Area 181m2 over 3 floors includes Roof Terrace These apartments are Leasehold 99 years, however, the the leases are fully renewable and effectively Freehold. The reason they are being sold Leasehold is to allow non-resident ownership. We have enlisted the the services of a locally based law firm, who specialise in property to assist buyers with the process. Why Cambodia? GDP Growth at 9.8% (2005) - 4 year average 6% growth. Inflation under control at 3% FDI growing at expediential rate (100% +) 500% Growth in tourism in under 10 years. Safe rules for ´Foreign ownership´. Mortgages are not currently available in Cambodia.