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Big Restaurant In Phnom Penh For Sale

Phnom Penh, Cambodia
Asking Price:
$265,000 (USD)
Sales Revenue:
$150,000 (USD)
Cash Flow:
$40,000 (USD)

The owner is the holder of a company that currently operates a restaurant (48 seats + 16 seats on the bar) on *******
The company holds two different contracts leases.
The first lease for the (ground floor + 3 floors) building consists of a part of the restaurant on the ground floor and an apartment (about 290 square meters)
The second lease for part of the restaurant about 55 square meters
The location is at the corner of Riverside (Sisowath, in Phnom Penh) and street 84, opposite of the old commercial port wich.

We want to sell 100 % of the company’s shares.
Knowing that some companies are trying to position themselves on Riverside, we hold an outstanding location with a very long rental contract and very low rents.


You will find below information about leases.

Main part :

Contract lease for : (building corner riverside and street 84)

Ground floor

- Bar and restaurant, reserve and kitchen
- In the apartment: + 3 floors
- 4 rooms with 4 bathrooms and toilet
- 1 living room
- 1 laundry
- 1 terrace on Tonle Sap (River)

The contract for this main part is until 2030.

The renting price is:

- From now until the end of December 2020 : $ 1 200 per month
- From January 2021 until the end of December 2030 : $ 1 800 per month

Second part :

Ground floor (Second part of the restaurant and 4 toilets restaurant)

The contract for this second part is until 2023.

The renting price is:

- From now until the end of January 2019 : $ 700 per month
- From February 2019 until the end of January 2023 : $ 800 per month

The price is largely justified by the following elements :

- Restaurant location: Riverside and corner with street 84
- More than 14 meters of windows for the ground floor
- Easy to park
- Length of the lease more than 13 years for the main part
- Low price of renting contract
- Presence in the main part of the fully renovated apartment (with 4 bedrooms with bathroom and toilet, a double living room, a terrace overlooking the river).
- This apartment has a separated entrance.

This apartment can be rented for a value between $ 1 800 and $ 2 200 per month.

- New project soon just in front of our location (See pictures attached)


Impossible to find so long and so cheap contract on the area riverside now

Property information

Real Estate:

Lease

Location:

street 84

Size in square feet:
350m2

Business Operation

Employees:
6
Years established:
8

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