Bargain property in Azabujuban

Dear Investors,

 

An interesting investment property is for sale.  Its details are as follows:

 

 

Type: commercial building (restaurant, bar, & office)

Location: Azabujuban, Minato-ku (2-min walk to Azabujuban station of Tokyo Metro Namboku Line & Toei Oedo Line)

Land: 104.92 sq. meters

Floor area: 429.63 sq. meters

Coverage: 80%

FAR: 500%

Built in: 1990

Structure: Steel / 8 stories

Current Numbers:

Operation rate: 100%

Annual return: approximately 22,080,000 yen

Annual expenses: approximately 1,497,000 yen

Asking price: 350,000,000 yen

Other: an inspection for asbestos has been conducted (negative)

 

 

front

front

 

 

front 2

front 2

seen from afar

seen from afar

 

 

foyer

foyer

 

 

neighborhood

neighborhood

a patio of Azabujuban

a patio of Azabujuban

 

 

The property is posting a yield of 6.31% which is not so high.   But a high occupancy rate and a high asset value will be surety because it is in central areas of Azabujuban which is a popular commercial district of Tokyo with many first-class restaurants.

 

 

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

 

 

Best regards,

 

 

Minato Asset Management

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Posted in Minato-ku, Tokyo real estate market, Tokyo real estate view

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