Are you looking for real-estate for sale in Japan?

Dear Investors:

 

 

An office building by Sumida River is now for sale.  Please refer to our blog on March 25th titled ‘a bargain property in Tokyo – an office building  by Sumida River for sale’.   Actually, the office building which we would like to introduce to you this time is just one block east of this building and is on Eitai Street.  Its details are:

 

 

Address: 1, Saga, Koto-ku, Tokyo

Zoning: commercial

Coverage: 100%

FAR: 600%

Land: 606.91 square meters

Floor area: 3,982.43 square meters

Use: office, parking

Structure: RC / 8 stories + 1-story penthouse

Year built:  1988

Current operation rate: 7/8

Current monthly return: 7,051,290 yen

Current monthly return (parking): 334,000 yen

Current monthly utility fees: 2,705,780 yen

Asking price: 1,800,000,000 yen

 

office building by Sumida River

 

Current tenants include a world’s famous manufacuring company and another famous manufacturing company’s subsidiary.  We think that it is a very positive aspect of the property for investment. 

 

 

Please let us know, if you are interested in the property or need any further information about it.

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors:

 

 

We surveyed an investment property in a downtown of Tokyo.  Its specs are:

 

 

Type: residence

Location: Kameido, Koto-ku (6-min walk from Kameido station of JR Sobu Line)

Land: 200.76 sq. meters

Floor area: 1,361.75 sq. meters

Structure: RC / 14 stories + 1 story underground

Year Built: 2008

Coverage: 80%

FAR: 600%

# of units: 46 (= 40 x studio + 6 x 1-bedroom)

Annual return (@100%): 52,363,800 yen

Asking price: 870,000,000 yen

Yield: 6.01%

 

 

 

 

 

 

 

 

 

 

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

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors:

 

 

A 400,000,000-yen office building in Koto-ku which we blogged about only two days ago is no longer available for sale because the seller has decided to negotiate over purchase terms with some applicant.  In other words, this applicant is successful in monopolizing the power to negotiate with the seller about terms.

 

 

We strongly recommend that you show the seller your intent to purchase real estate with application as early as possible.  We don’t want you to miss out with good opportunites.  Although application should be dealt with seriousness, it is not binding and submitting it does not mean that you will have to committed to buying real estate. 

 

 

We wish you the best of luck with real estate search and purchase.

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors:

 

 

The seller of the following building in Tokyo seems to be eager to sell it off and be ready to do hard negotiations over terms with buyers.

 

 

Type: office

Location: Saga, Koto-ku, Tokyo (8-min walk from Monzennakacho station of Tokyo Metro Tozai Line)

Land: 202.57 sq. meters

Floor area: 1,308.99 sq. meters

Structure: RC / 8 stories

Zoning: commercial

Coverage: 80%

FAR: 600%

Built in: 1990

Asking price: 400,000,000 yen

 

 

 

 

 

 

 

 

 

 

 

 

Once again, please feel free to ask us, if you wish to know more about the building because the seller seems to ready to accept a big bargain.

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors,

 

 

According to a March 16 report by Real Estate Economic Institute Co., Ltd., 2,777 brand-new apartment units have been sold in February, which is a 10.7% increase from the previous year, in the Tokyo metropolitan area. 

 

They conclude that the real estate market of the Tokyo metropolitan area has started to show positive signs.

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors,

 

 

We surveyed the following building in Kameido of Koto-ku.  Its details are:

 

 

Type: office

Location: Kameido, Koto-ku (1-min walk from Kameido station (JR Sobu Line))

Land: 223.75 sq. meters

Floor area: 1,341.73 sq. meters

Coverage: 80%

FAR: 600%

Structure: RC / 8 stories

Built in: 2009

Others: On a major street connecting Tokyo and Chiba, Tokyo Sky Tree (= a new Tokyo Tower) is being built on about 1.5-kilometer northwest of the building; and nearby a new shopping mall

 

 

 

 

 

 

 

 

 

 

You should be able to rent the building’s 2-8 floor @39,500 yen/sq.meter or so.   The space on 1st floor (134.39 sq. meters) is currently being rented at about 124,o00 yen/sq.meter.

 

 

A large amount of traffic will soon be created within the area surrounded by Asakusa, Kinshicho, and Kameido because Tokyo Sky Tree will be completed in two years.  Kameido is conveniently connected to central areas of Tokyo with JR Sobu Line.   For example, it takes only 8 minutes from Kameido to Akihabara.

 

 

Please let us know, if you are interested in this building.

 

 

Best regards,

 

 

Minato Asset Management

Dear International Investors,

 

I surveyed a beautiful office building in Kameido.  Its features are as follows:

 

 

Type: office building for sale

Location: Kameido, Koto-ku, Tokyo (3-min walk to Kameido station of JR Sobu Line)

Land: 266.50 sq. meters

Floor area: 1,701.58 sq. meters

Structure: RC / 9 stories

Built in: 1981

Coverage/FAR: 80% / 700%

Current operation rate: 87.72%

Current annual return: approximately 51,079,000 yen

Other: Fully renovated in 2009

 

 

 

 

 

 

 

 

Kameido station is of JR Sobu Line which connects central areas of Tokyo and Chiba Prefecture.  From Kameido station to Shinjuku station is about 25 minutes.  Kameido is low-laying land east of Sumida River and is an old residential area of Tokyo.

 

 

 

 

Dear International Investors,

 

I surveyed a new apartment building in Ojima in Koto-ku on the other day. 

 

 Its specifications are as follows:

 

Price: 130,000,000 yen

Location: 8, Ojima, Koto-ku, Tokyo (8-min walk to Higashiojima station of Metro Shinjuku Line)

Land: 193.27 sq. meters

Floor Area: 228.64 sq meters

Built in: 2008

Coverage: 60%

FAR: 240%

Structure: Wooden (coated with galvanized steel sheet)

 Annual Income: 9,084,000 yen

Yield: approx. 6.98%

 

 

 

 

 

The building is attractive for investment because it is new.  Currently, it is fully occupied.  But one should bear in mind that its value may not be so high as it looks because it is basically wood.   Also, the neighborhood is residential and quiet with almost all of the apartment buildings there being lower than 5 stories.   There is a vibrant shopping street along Shinohashi street which is about 5-min walk from the building.

 

 

 

 

 Koto-ku where Ojima is is an old part of Tokyo.  You should visit Koto-ku, if you are interested in old Tokyo.  Koto-ku is well connected to other areas of Tokyo by JR Sobu Line, Tokyo Metro Hanzomon Line, Tokyo Metro Tozai Line, and Tokyo Metro Shinjuku Line.  Kinshicho is particularly popular and populus with international tourists.