Friday, February 26th, 2010
I surveyed the following investment property yesterday. Its details are as follow.
Type: residence
Location: Mukogaoka, Bunkyo-ku, Tokyo (5-min walk from Hakusan station of Metro Mita Line, 6-min walk from Todaimae station of Tokyo Metro Namboku Line, & 6-min walk from Honkomagome station of Tokyo Metro Namboku Line)
Land: 1,539.87 sq. meters
Floor area: 2,384.76 sq. meters
Coverage: 60%
FAR: 300%
Structure: RC / 5 stories
Built in: 1984
Others: Major renovations (e.g. outer walls, waterproofing, painting of steel parts, and paving with asphalt) have been done in August, 2005; residential neighborhood; and educational district (in-between two major universities)
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Tuesday, January 19th, 2010
Dear Investors,
An investment property in Bunkyo-ku is for sale. Its details are as follows:
Type: investment property
Location: Koishikawa, Bunkyo-ku, Tokyo (8-min walk to Kasuga station of Toei Mita Line, 9-min walk to Kasuga station of Toei Oedo Line & Tokyo Metro Namboku Line, and 11-min walk to Korekuen station of Tokyo Metro Marunouchi Line)
Land: 150.54 sq. meters
Floor area: 368.15 sq. meters
Structure: Steel / 5 stories
Coverage: 60%
FAR: 400%
Current Numbers:
Operation rate: 100% or 10/10
Annual return: 13,203,090 yen (including 111,090 yen from a mobile phone company which uses the property’s roof for antennas)
Others: within a walking distance of Tokyo Dome & Koishikawa Botanical Garden, nice view from roof balcony
Bunkyo-ku means an educational district. In fact, there are many good educational facilities (e.g. elementary school, junior & highschool, college, and university) in Bunkyo-ku. Tokyo Dome (= an indoor baseball park) is within a walking distance.
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Saturday, December 19th, 2009
Dear International Investors,
I surveyed three investment properties in Bunkyo-ku and Shinjuku-ku this afternoon. They are combinations of residence and retail (or office).
Price: 110,000,000 yen
Location: Koishikawa, Bunkyo-ku (6-min walk to Myogadani station of Tokyo Metro Marunouchi Line)
Land: 74.77 sq. meters
Floor area: 286.10 sq. meters
Structure: RC / 5 stories above ground + 1 story underground
Built in: 1997
Coverage/FAR: 60% / 400%
Price: 64,900,000 yen
Location: Nijiyukkicho, Shinjuku-ku (4-min walk to Ushigomekagurazaka station of Oedo Line)
Land: 43.68 sq. meters
Floor area: 113.5 sq. meters
Structure: Steel / 3 stories above ground + 1 story underground
Built in: 1999
Coverage/FAR: 60% / 160%
Price: 137,000,000 yen
Location: Wasedatsurumakicho, Shinjuku-ku (6-min walk to Waseda station of Tokyo Metro Tozai Line)
Land: 91.9 sq. meters
Floor area: 353.96 sq. meters
Structure: RC / 5 stories above ground + 1 story underground
Built in: 2001
Coverage/FAR: 80% / 400 %
Current Annual Return: 11,359,080 yen
Current Yield: 8.29%
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Wednesday, September 23rd, 2009
Dear International Investors,
Today, I went out to survey investment properties in Chiyoda-ku and Bunkyo-ku. Their specifications are as follows:
- a secondhand building for investment
Location: 1, Kanda-ogawacho, Chiyoda-ku (1-min walk from Awajicho station of Tokyo Metro Marunouchi Line)
Price: 79,800,000 yen
Land: 45.25 sq. meters
Floor area: 217.31 sq. meters
Structure: RC / 5 stories above ground + 1 story underground
Coverage: 80%
FAR: 800%
Built in: 1970
Annual Income: 3,132,000 yen
Yield: 6.28 %
Features: Proximity to a Tokyo’s major street, good foot traffic from colleges and universities in the neighborhood
- a secondhand building for investment
Location: 3, Otsuka, Bunkyo-ku (8-min walk from Miyogadani station of Tokyo Metro Marunouchi Line)
Price: 59,800,000 yen
Land: 42.04 sq. meters
Floor area: 201.87 sq. meters
Structure: RC / 5 stories above ground + 1 story underground
Coverage: 80%
FAR: 500%
Built in: 1991
Features: On a Tokyo’s major street, a famous educational district
- a secondhand apartment building for investment
Location: 3, Kohinata, Bunkyo-ku (6-min walk from Miyogadani station of Tokyo Metro Marunouchi Line)
Price: 45,800,000 yen
Land: 67.43 sq. meters
Floor area: 53.8 sq. meters
Structure: Wooden / 2 stories
Coverage: 60%
FAR: 200%
Built in: 1987
Features: A famous educational district, proximity to famous universities and colleges, a very quiet residential neighborhood
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