High yield investment property in Koshigaya (Saitama Prefecture)

Dear Investors,

 

 

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

 

 

front 2

front 2

 

 

 

front 3

front 3

 

 

 

front 3

front 3

 

 

neighborhood

neighborhood

 

 

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

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

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Posted in Koshigaya-shi, Tokyo real estate market, Tokyo real estate view

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