Investment property with a stable return in Nippori

Dear Investors,

 

 

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

2-min walk from JR Nippori station

 

 

A Chinese restaurant is on 1st floor

A Chinese restaurant is on 1st floor

 

 

High-rise condominiums at JR Nippori station

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.

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

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