High-yield commercial property with a shop of the world’s famous fast-food chain

Dear Investors:

 

 

Let us introduce you the following investment property:

 

 

Type: commercial

Address: 6, Ikegami, Ota-ku, Tokyo (1-min walk from Ikegami station of Tokyu Ikegami Line)

Land: 62.44 square meters

Floor area: 291.09 square meters

Structure: Steel Reinforced Concrete / 5 stories above the ground + 1 story underground

Year built: 1979

Coverage: 80%

FAR: 500%

Current operation ratio: 5/6

Current annual return: 11,916,000 yen

Asking price: 142,000,000 yen

Yield: 9.1 %

Others: Basement (karaoke bar); 1, 2, 5F (KFC); 3F (vacant); and 4F (mahjong salon)

 

 

a commercial building adjacent to Ikegami station

a commercial building adjacent to Ikegami station

 

 

KFC is renting 1, 2, and 4F of a 5-story building

KFC is renting 1, 2, and 4F of a 5-story building

 

 

a close-up view

a close-up view

 

 

Ikegami is a temple town in the center of Ota-ku which is southmost ward of Tokyo 23 wards.  Haneda Airport is in east of Ota-ku.  Ikegami station is in-between Gotanda and Kamata.

 

It will be interesting to watch how much the real estate  value of Ikegami will go up because Ikegami is about 5 kilometers west of Musashikosugi which is more popular than ever before as a suburb of Tokyo and Yokohama with high-rise condominiums.

 

 

Renovation costs might be a drawback for purchase of the property.   That is, the property will need extensive renovation when it is possessed by a new owner.

 

 

a staircase and a hand railing needing renovation

a staircase and a hand railing needing renovation

 

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

 

 

Best regards,

 

 

Minato Asset Management

Bookmark this on Google Bookmarks
Post to Google Buzz
Buzz This
Share on FriendFeed
[`buzzurl` not found]
Bookmark this on Delicious
Bookmark this on Digg
Share on Facebook

Posted in admin
Posted in Ota-ku, Tokyo real estate market, Tokyo real estate view, Yokohama City

Related article

Leave a Reply

Track Back

High-yield commercial property with a shop of the world’s famous fast-food chain”'s Track Back URI
Follow minato_asset_e