an interesting real-estate in Shibuya is for sale « Are you looking for real-estate for sale in Japan?

an interesting real-estate in Shibuya is for sale

Tuesday, July 21st, 2009

Dear international investors,

I saw an interesting real-estate in Shibuya-ku last week.

an interesting real-estate is now for sale

an interesting real-estate is for sale

It is a 4-story small commercial building with about 37 sq. meters for each floor. Its details are as follows:

Price: 128,000,000 yen

Location: Maruyama-cho, Shibuya-ku, Tokyo

Land: 37.4 sq. meters

Floor area: 142.2 sq. meters

Coverage: 80%

FAR: 400%

Completion: 1996

Current rental revenue: 7,110,000 yen

Transportation: 11-min walk to Shibuya station (JR Yamanote Line) & 5-min walk to Shinsen station (Tokyu Inogashira Line)

It is interesting because of its prime location: it is in-between most crowded areas of Shibuya and Shoto (one of the most exclusive residential neighborhoods in Japan). Also, the real estate is currently on an about 15-meter wide street, but the street is going to be widened for the next three years and traffic of people will increase greatly.