We surveyed the following building in Kameido of Koto-ku.  Its details are:

Type: office

Location: Kameido, Koto-ku (1-min walk from Kameido station (JR Sobu Line))

Land: 223.75 sq. meters

Floor area: 1,341.73 sq. meters

Coverage: 80%

FAR: 600%

Structure: RC / 8 stories

Built in: 2009

Others: On a major street connecting Tokyo and Chiba, Tokyo Sky Tree (= a new Tokyo Tower) is being built on about 1.5-kilometer northwest of the building; and nearby a new shopping mall

the glass-covered building in the center

seen from afar

a close-up view

JR Kameido station seen from the building

a newly-opened shopping mall across a major street

seen from a new shopping mall

You should be able to rent the building’s 2-8 floor @39,500 yen/sq.meter or so.   The space on 1st floor (134.39 sq. meters) is currently being rented at about 124,o00 yen/sq.meter.

A large amount of traffic will soon be created within the area surrounded by Asakusa, Kinshicho, and Kameido because Tokyo Sky Tree will be completed in two years.  Kameido is conveniently connected to central areas of Tokyo with JR Sobu Line.   For example, it takes only 8 minutes from Kameido to Akihabara.

Please let us know, if you are interested in this building.

Best regards,

Minato Asset Management

Please let us introduce a house in Omotesando.  It is very different from average houses in terms of design.

Interesting House in Omotesando

Its details are:

Location: Jingumae, Shibuya-ku (6-min walk from Meiji-jingumae station of Tokyo Metro Chiyoda Line & 9-min walk from Omotesando station of Tokyo Metro Ginza Line & Hanzomon Line)

Land: 98.35 sq. meters

Floor area: 153.56 sq. meters

Structure: RC, wood

Price: 148,000,000 yen

Omotesando is known as a very trendy district.  It is probably the most trendy town in Japan.  As a matter of fact, the whole town is always crowded with shoppers and fashion boutiques.  People from all corners of Japan and the world come to Omotesando for shopping and sightseeing.

The house is NOT suitable for investment because it wil be difficult to find tenants due largely to its layout.  In particular, there is no bathroom in the entire house, and the parking area won’t be accessbile unless the staircase to the entrance hall is removed. 

FYI, the current owner used to rent the basement to a studio operator at 1,000,000 yen/month.

The house is far more suitable for residence of an individual who loves a different life style, artistic touches on a house, and/or Omotesando.

Please let us know, if you are interested in it.

Best regards,

Minato Asset Management

Koshigaya is a satellite city of Tokyo.  Like other cities and towns outside of Tokyo, it is growing in population.  Also, it is conveniently connected with Tokyo by Tobu Tojo Line, which is enabling people to move from Koshigaya to many towns in Tokyo within an hour.   As a result, Koshigaya is becoming more popular than before for residence.  More people commute to work and go to shcool fromKoshigaya.

Real estate value of Koshigaya will probably keep increasing.  In particular, land development for about -10,000,000 sq. meter-land right in front of the east exit/entrance of Koshigaya station is going to increase the land’s value significantly with a 100-meter-tall high rise condo and commercial facilities, such as, restaurants, shops, and medical clinics. 

So much area in Koshigaya is still underdeveloped.  This suggests that Koshigaya still has room for further growth in terms of real estate.

about 10,000,000-sq. meter land is under development

about 10,000,000-sq.meter land is under development 2

Please let us know, if you are interested to invest in Koshigaya.

Best regards,

Minato Asset Management

I surveyed the following investment property this afternoon.

Type: commercial

Location: Yayoicho, Koshigaya City, Saitama (2-min walk from Koshigaya station of Tobu Tojo Line)

Land: 148.76 sq. meters

Floor area: 487.28 sq. meters

Structure: RC / 5 stories

Built in: 1982

Coverage: 80%

FAR: 400%

Current annual return: approximately 20,000,000 yen

Current operation rate: 5/6

Asking price: 148,000,000 yen

Others: in the middle of a commercial zone of a growing Koshigaya station; 1F - beauty parlor & ramen shop, 2F - karaoke bar & izakaya (= Japanese pub), 3F - vacant, & 4F+5F - hotel for short stay

front

front 2

front 3

front 3

neighborhood

Koshigaya station - a Tobu Tojo Line station for a growing town

The commercial property is in the middle of a commercial district spreading in the east of Koshigaya station.  Just like other satellite cities of Tokyo, Koshigaya is growing in population and its commercial districts are bustling with more shoppers than before.

In particular, approximately 10,000,000-sq.meter-land right in front of Koshigaya station has been developed and a new commercial zone (e.g. an about 100-meter high condominium, shops, and restaurants) will be created on the land in near future.

Securing financing to purchase this property may be difficult largely because of its characteristic being commercial.   In other words, it may be suitable for cash buyers looking for a high yield from a property in a suburb of Tokyo.

Please let us know, if you are interested in it.

Best regards,

Minato Asset Management

I surveyed the following investment property in Nippori of Arakawa-ku this afternoon.  Its details are:

Location: Nishinippori, Arakawa-ku (1-min walk from Nippori station of JR Yamanote Line & 4-min walk from Nishinippori station of JR Yamanote Line)

Land: 146.31 sq. meters

Floor area: 589.01  sq. meters

Structure: steel / 5 stories

Coverage: 80%

FAR: 700%

Current operation rate: 92 % or 13/14

Current annual return: 15,168,000 yen

Asking price: 210,000,000 yen

Yield: 7.2%

2-min walk from JR Nippori station

A Chinese restaurant is on 1st floor

High-rise condominiums at JR Nippori station

You will probably find this yield low.  But this property’s retun will be stable because of its proximity to a train station of JR Yamanote Line.  As a matter of fact, it always has a high occupancy.

The following investment property has just come out on market.  Its details are:

Type: residence + office

Location: Roppongi, Minato-ku (Accessible with Tokyo Metro Chiyoda Line & Hibiya Line)

Land: 499.55 sq. meters

Floor area: 2,097.84 sq. meters

Structure: RC / 1 story underground + 16 stories above ground

Built in: 2006

Operation rate (as of 1/16/2010): approximately 85%

Return (as of 1/16/2010): approximately 110,000,000 yen/year

Others: 31 x residence + 6 x office; within a walking distance of main locations of Minato-ku

We are going to survey the investment property soon and provide more information about it.

Best regards,

Minato Asset Management

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)

front

back

seen from afar

seen from afar 2

I surveyed an investment property in Nakameguro this afternoon.  The property’s details are as follow.  Nakameguro is becoming more popular than ever before among young people largely because of its proximity to Ebisu and Daikanyama and to fashion boutiques and nice restaurants.

Type: residence + shop

Location: Nakameguro, Meguro-ku (6-min walk to Nakameguro station of Tokyo Metro Hibiya Line, 12-min walk to Daikanyama station of Tokyu Toyoko Line, & 11-min walk to Ebisu station of JR Yamanote Line)

Land: 153.17 sq. meters

Floor area: 796.09 sq. meters

Structure: SRC / 10 stories

# units: 24

Current operation rate: 100% or 24/24

Annual return: approximately 33,300,000 yen

Price: 470,000,000 yen

front (ground floor is not shown)

front 2

close-up

seen from a pubic park

neighborhood

Please look our February 4th and 12th blogs - ‘Breaking news! An attractive building in-between Roppongi and Hiroo is now for sale’. 

a 250,000,000-yen investment property in-between Roppongi & Hiroo

This property has just been sold and is no longer available for purchase.  Moreover, it has taken only two weeks for the property to sell.  The cliche ‘First comes, first served’ applies perfectly. 

Real estate in Minato-ku is hot, although Japanese economy has been sluggish.  Many investors keep an eye on what is going on with real estate in Minato-ku and jump onto good investment opportunities as soon as they appear on the market.

Because we don’t want you to miss out with good opportunities, we strongly recommend that you be prepared and know when to jump onto such opportunities.  For you to be able to move swiftly when the time comes, we also recommend that you prepare all necessary documents for lenders you are going to use and that you set your own criteria for purchase in advance.

You probably find what has just been stated basic.  But basics are often forgotten.

We are looking forward to the opportunity to serve to you.

Best regards,

Minato Asset Management

I saw another interesting investment property in Kanda yesterday.   Actually, it is in-between Kanda and Akihabara. 

Current occupants: restaurant and office

Location: Kandasudacho, Chiyoda-ku, Tokyo  (1-min walk from Iwamotocho station of Metro Shinjuku Line, 5-min walk from JR Kanda station & 5-min walk from JR Akihabara station)

Land: 55.57 sq. meters

Floor area: 237.31 sq. meters

Structure: RC / basement + 5 stories

Built in: 1978

Current operation: 4/5 (will be 2/5 in March)

Estimated annual return: 7,380,000 yen

Others: on the southwest corner of Iwamotocho Crossing, On Yasukuni Street, a landmark, in-between a police box and a post office,

Price: 120,000,000 yen

front

seen from afar

entrance

seen from Iwamotocho Crossing (notice a drawing of a cute dog)

seen from afar

 Although two more floors may be available in March, you should be able to find new occupants easily largely due to the property’s good location, in particular, proximity to Kanda and Akihabara.

Many industries will be interested in this location.

Best regards,

Minato Asset Management