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

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)

 

 

 

 

 

 

 

 

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.

 

 

 

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

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors:

 

 

We surveyed the following investment property this morning.  Its details are:

 

 

Type: residence

Location:  Higashikamata, Ota-ku (5-min walk from Umeyashiki station of Keikyu Line)

Land: 86.37 sq. meters

Floor area: 103.11 sq. meters

Coverage: 60%

FAR: 200%

Structure: wood / 2 stories

Built in: 2007

Current operation rate: 100% or 6/6

Annual return: 5,088,000 yen

Price: 50,000,000 yen

 

The building is in a fair condition and is in a quiet residential neighborhood east of route 15 connecting Yokohama and Tokyo.  But the atmosphere of the neighborhood is not so good largely because of old houses, apartment buildings, restaurants, and factories.

 

 

 

 

 

 

 

 

 

 

Please let us know, if you are interested in it.

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors:

 

 

We surveyed the following property today.

 

 

Type: residential

Location: Sanno, Ota-ku, Tokyo (12-min walk to Omori station of JR Keihintohoku Line)

Land: 610.18 sq. meters

Floor area: 1,458.58 sq. meters

Structure: RC / 5 stories

Year built: 1988

Current operation rate: 22 / 24

Annual return (@100%): 40,064,376 yen

Asking price: 480,000,000 yen

Yield: 8.35%

 

 

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

 

 

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 International Investors and Archaeologists,

 

I surveyed an apartment building in a residential neighborhood of Omori in Ota-ku this afternoon.

 

 

The apartment building’s specifications are as follows.

 

 

Location: 7, O0i, Shinagawa-ku, Tokyo (8-min walk to JR Omori station in Ota-ku)

Price: 150,000,000 yen

Land: 249.71 sq. meters

Floor area: 278.24 sq. meters

Built in: 1986

Structure: Wooden / 2 stories

Coverage: 60%

FAR: 150%

Yield: 8.7%  with current operation rate being 100%

Monthly revenue (March): 1,091,000 yen

 

 

 

 

 

Omori station is just two stations or about 5 minutes from Shinagawa station.  Omori has been popular among Japanese writers.  In fact, famous writers have settled in Omori, in particular, hills in the west of the station.    

 

 

 

 

 

 

Also, Omori is famous among Japanese people because a shell mound was found by a western scholar for the first time in Japan’s history.    When Dr. Edward Morse, a Havard scholar, was casually looking outside from a train from Yokohama for Shimbashi on June 19th, 1877, he found interesting arrangements of shells on cliffs by Omori station.  His instinct urged him to dig the area, and he found remains of an old civilization in Japan – stone tools, clay pots, stone axes, stone arrowheads, human bones, animal bones, and so on.  They have been registered and treated as important cultural properties since 1975 and been kept at University of Tokyo.

 

 

We read lots of news about current administration, especially we see two topics very positive for Tokyo real estate market.

 

 

1. Haneda Air port international hub plan
2. Linear Motor Car plan

 

 

1. Haneda Airport is currently focusing on domestic flight and not international flight, but current goverment just  announced they will use it for international flight as well. This is pretty positive for Japanese economy to attract more foreign flights from overseas, especially from Asia economic powers.

 

 

 This changes affects Tokyo real estate market espcially south area of Tokyo such as Oota-ku, Shinagawa-ku, Minato-ku and  Kanagawa prefecture such as Kawasaki, and Yokohama.

 

 

 If this ariport turns into international and 24 hours airport, needs for stay will increase definitely. Also, business  activity will pick up as well.

 

 

1-① Tokyo monorail will get benefit from this change, and also area around their stations, such as Hamamatsuho station, Tennozu station, and so on will be more popular in the future.

 

 

 
1-② Keikyu will also get benefit from this change and several stations are particulary interesting such as Shinagawa station,  Kawasaki satation, Keikyu kamata station, and Heiwajima station.

 

 

 
2. Linear Motor Car Plan
 Shinagawa station, Nagoya station, and Osaka station are almost done deal. (But official information is not open yet.)

 

 

Dear international investors,

 

I surveyed a brand-new apartment building in a quiet residential neighborhood of Omorinishi in Ota-ku yesterday afternoon.  Its specs are as follows:

 

Price:  188,000,000 yen (12 x 7-jo studio (@approx. 90,000 yen) + 3 x parking lot(@approx. 31,500 yen))

Annual revenue (estimation): 14,094,000 yen

Yield (estimation): 7.5%

Location: 2, Omorinishi, Ota-ku, Tokyo

Station: 5-min walk to Heiwajima station (Keihinkiyuko Line)

Land: 223.71 sq. meters

Floor area: 306.82 sq. meters

Structure: Steel / 3 stories

Coverage: 60%

FAR: 200%

 

 

 

 

 

Heiwajima  is a Keihinkiyuko Line station and is in-between Shinagawa and Haneda Air Port.   Because it is close to both Shinagawa and Haneda and rapid trains stop at the station, commercial districts around the station are bustling with small retails and shoppers although the areas are not so large. 

 

 

 

 

 

Neighborhoods are almost 100% residential with detached houses and newly-built  low-rise apartment buildings.   They are very quiet.  When I was there at around 4:30 pm, there were many bicycle riders. 

 

 

 

 

 

In my view, Heiwajima community looked very successful and attractive with much foot, bicycle, and auto traffic.  Also, I surveyed three local apartment buildings similar to the brand-new one in size, new-ness, and location in order to understand occupancy ratio of the neighborhood.  Unexpectedly,  the occupancy of the three apartments is high – 8/8, 13/15, and 46/60.  The last one (=46/60) may not look so good at first.  But the apartment building will be filled in due course because it is brand-new and people have just begun moving in.