Commercial building in the world’s most famous red-light district is for sale

Dear Investors:

 

 

A commercial building in Kabukicho is for sale.  Kabukicho is Japan’s most famous red-light district which is always flooded with people, including international tourists.

 

 

Address: 1, Okubo, Shijuku-ku (8-min walk to Shinjuku station)

Land: 478.95 square meters

Floor area: 3,007.02 square meters

Structure: SRC / 9-story + 1-story underground

Year built: 1965

Others: fully renovated in 2003, power generator (so that electricity can be generated and used on the premises even if electricity’s supply stops by accident), parking for 6 cars

Annual return: 121,167,180 yen

Asking price: 1,820,000,000 yen

Current yield: 5.2%

 

 

Shinjuku station is probably the world’s most busy train station.  Many train lines – JR, Keio, Odakyu, Seibu, Tokyo Metro, and Tokyo Subway, all meet at Shinjuku.

 

 

Although it is almost a surety that this building will be commercially and financially successful, we would like you to pay extra attention to the neighborhood.  Please remember that gangster groups have been participating in business activities in the town for a long time, although their overall influence has recently been diminished. 

 

 

Please be careful when you purchase real estate in Kabukicho or anywhere in Japan where gangsters or yakuzas may still be powerful.

 

 

Best regards,

 

 

Minato Asset Management

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

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