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

Dear International Buyers,

I surveyed a cozy apartment in Hiroo this morning with my client.  Its main features are as follows:

a nice apartment in-between Hiroo and Ebisu

view from balcony

living room

kitchen

Location is nice within a walking distance of Ebisu station and Hiroo station which are centers of popular commercial districts.   The apartment building is in-between Meiji Dori and Shibuya River.  Meiji Dori is one of the major streets of Tokyo.  Though it is on a major street of Tokyo, it is not so noisy because the apartment unit is facing south or in the direction of the river.

investment property (apartment building for sale by motivated seller)

Pictures updated (Shibuya ku, Yoyogi)

Investment property for sale (distressed asset)

Dear international investors,

I went to survey a retail space in a 7-story building by JR Harajuku station.    The building is 50 meters north of popular and populas Takeshita Exit of the JR station from which the Takeshita Street streches eastward. 

a commercial building in Harajuku

Takeshita Street is probably the most popular and populas commercial street in Japan.  It is particulary popular among teen agers.    Because it is so crowded with young people, when you go to Takeshita Street and see those people, you can not help but wonder whether or not they should go to school.    The street is bustling with trendy fashion boutiques and restaurants and paralles Omotesando which is also globally famous and is crowded with the world’s first-class fashion boutiques.

Takeshita Street

So many Japanese and international companies want to have their boutique or restaurant in Harajuku not only because profit is a surety but also their shop will be seen and recognized by so many people including international tourists. 

I surveyed rental space in a building a minute-walk from Takeshita Street.  Its specs are as follows:

Structure: SRC / 7 stories

Built in: 1993

Floor area: approximately 40 sq. meters

Monthly Rent: 336,000 yen

a vacant shop in Harajuku

As soon as I arrived, I felt very positive about the location.   It made me feel like having my own coffee shop in the building.   There was a long line of people in front of a ramen shop on 1st floor of the building when I went there.  I take it that the shop is good.

Greenery of Meijijingu is visible from a vacant shop in Harajuku

Dear international investors,

I went to survey an apartment building for investment in Sakado in Saitama Prefecture.

investment property in Sakado

Its main features are as follows.

Price: 68,000,000 yen

Location: Sakado City, Saitama

Station: 10-min walk to Sakado station (Tobu Tojo Line)

Land: 209.86 sq.meters

Coverage: 60%

FAR: 200%

Total Floor Area: 418.53 sq. meters

Structure: RC / 4 stories

Apartment Type: 15 units (14  x  studio + 1 x family unit)

Estimated Yield: 12.0% (monthly revenue: approx. 680,000 yen, anual revenue: approx. 8,160,000 yen)

Built in March 25th, 1998

You may be wondering where Sakado is.    It is a suburb northwest of Tokyo and is about 45 mins from Ikebukuro by Tobu Tojo Line.   Like other satellite cities of Tokyo, Sakado is growing in number.

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.

a bar is on 1st floor

this street on which real-estate stands will be widened

Living room at Belgravia Prova

Dear international investors,

A quality, trendy, brand-new triplex  in a quiet residential neighborhood of  Hiroo is now for sale. 

Its details are as follows:

Name:  Belgravia Prova

Price: 400,000,000 yen (for 3 units)

Location: 3 chome, Hiroo, Shibuya-ku, Tokyo

Acreage: 185.14 sq. meters

Floor area: 426.70 sq. meters

Coverage: 60%

FAR: 150%

Layout & floor area: Unit SLOAN (3-bedroom, 124.87 sq. meters), Unit CHESTER (2-bedroom, 108.28 sq. meters), Unit EATON (3-bedroom+playroom+car parking + balcony, 193.55 sq. meters)

Completion: January 30th, 2009

Transportation: 8-min walk to Hiroo station (Tokyo Metro Hibiya Line) & 14-min walk to Ebisu station (JR Yamanote Line)

Other features: quiet residential neighborhood, scenic overlook, IH cooker, built-in dishwasher & electric oven, within walking distance of Arisugawa Park, Tokyo Midtown, Roppongi Hills, National Azabu, Meidiya, Hiroo Plaza, embassies, universities, and general hospitals

a picture of outlook of Belgravia Prova

a living room at Belgravia Prova

Belgravia Prova  is a hybrid real-estate in a very quiet residential neighborhood of Hiroo with walking distance to many cultural amanities, such as, Red Cross Hospital, Arisugawa Park, Roppongi Hills, National Azabu, Meidiya, and Roppongi Hills.

Hiroo is a very popular residential area not only among Japanese people but also amajor  mong international people.  In Hiroo, there are nice shopping areas, parks, medical and educational facilities. 

Tokyo Metro Hibiya Line provides easy access to both central and suburban parts of Tokyo from Hiroo station.

View from balcony

picture of attic

an apartment building in residential Shibuya

A spacious apartment (more than 58 sq. meters) on 8th floor of the building is now being sold for 33,800,000 yen.  It is a bargain because land in the same area is worth of 1,400,000 yen/sq. meter at least (by Japan’s tax agency’s roadside value)  within walking distance of Shibuya and Omotesando which are known for trendy-ness and for commercial activities. 

The apartment is well maintained with polished hardwood floor and newly-replaced wallpaper.

with polished hardwood floor and new wallpaper

Also, it comes with a tatami room with brand-new tatamis.  When I visited the apartment, the apartment was filled with the nice smell of the new tatamis. 

an apartment in Shibuya comes with a tatami room with newly-replaced tatamis

Moreover, the apartment has nice, open views of Shibuya.  Actually, it has east, south, and west exposures.

an apartment has open, overlooking views of Shibuya

Location is good.  It is within walking distance of Shibuya station (JR and Tokyo Metro lines) and Omotesando (Tokyo Metro Ginza Line & Chiyoda Line).

The apartment will be sold soon because of its attractiveness, in particular, price, size, and quality.  I would like to introduce it to as many clients as possible before it diappears from market.  I don’t want my clients to miss out with good opportunites.

Details:

Price: 33,800,000 yen

Floor Area: 58.68 sq. meters (8th floor of a 10-story apartment building)

Structure: RC

Completion: 1968

Jiyugaoka-Meguro-ku area

I visited distressed assets in Shibuya ku last week.

Property is located near Shoto area around NZ embasy and Aso’s private house. This new property was planed to sell at higher level, but the owner could not sell at the peak and they sold at 50% of what they planed.

 
(Their expected price was too much high though…)

See picture of entrance of the apartment.

This one is located at Kamiyamacho, Shibuya-ku, Tokyo.

 
Secondly, I went to see another distressed asset in Meguro-ku. This wide balcony is quite nice…

Kamiyama-cho apartment in Shibuya-ku

Jiyugaoka-distressed asset

The yeild is around 9% in Jiyugaoka area.

Mukai