Friday, December 25th, 2009
Dear International Investors,
I surveyed an investment property in Kagurazaka yesterday. It is just a minute walk from Kagurazaka station and is on a major street.
Price: 85,000,000 yen
Type: 2-bedroom apartment + shop
Location: Yaraicho, Shinjuku-ku (1-min walk to Kagurazaka station of Tokyo Metro Tozai Line & 8-min walk to Edogawabashi station of Tokyo Metro Yurakucho Line)
Land: 65.46 sq. meters
Building: 106.02 sq. meters
Structure: steel
Built in: 1983
Coverage/FAR: 80% / 500%
Annual return: 4,981,440 yen or 5.86%
Others: proximity to Kagurazaka station, a successful French restaurant on 1st floor, an about -20-sq.meter floor area on 1st floor has been created and added by the restaurant and could be removed,
Kagurazaka has been a very popular restaurant district for hunderds of years. It is still bustling with Japanese and international restaurants. Also, it has been famous for printing business much of it, unfortunately, has gone to overseas for cheap costs and labors.
The street to which the property is facing is going to be widened by 8.8 meters to broaden the street to be 20-meter wide. The work was ordered many years ago, but has never been implemented. As of now, it is still unknown when the work will be actualized. If the work is implemented, the property and the widened street will crossover with each other by 40 sq. meters. This public planning may be a bottleneck of the property.
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Saturday, December 19th, 2009
Dear International Investors,
I surveyed three investment properties in Bunkyo-ku and Shinjuku-ku this afternoon. They are combinations of residence and retail (or office).
Price: 110,000,000 yen
Location: Koishikawa, Bunkyo-ku (6-min walk to Myogadani station of Tokyo Metro Marunouchi Line)
Land: 74.77 sq. meters
Floor area: 286.10 sq. meters
Structure: RC / 5 stories above ground + 1 story underground
Built in: 1997
Coverage/FAR: 60% / 400%
Price: 64,900,000 yen
Location: Nijiyukkicho, Shinjuku-ku (4-min walk to Ushigomekagurazaka station of Oedo Line)
Land: 43.68 sq. meters
Floor area: 113.5 sq. meters
Structure: Steel / 3 stories above ground + 1 story underground
Built in: 1999
Coverage/FAR: 60% / 160%
Price: 137,000,000 yen
Location: Wasedatsurumakicho, Shinjuku-ku (6-min walk to Waseda station of Tokyo Metro Tozai Line)
Land: 91.9 sq. meters
Floor area: 353.96 sq. meters
Structure: RC / 5 stories above ground + 1 story underground
Built in: 2001
Coverage/FAR: 80% / 400 %
Current Annual Return: 11,359,080 yen
Current Yield: 8.29%
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Tuesday, December 1st, 2009
Dear international buyers,
I viewed an interesting apartment for sale in Ichigaya (Shinjuku-ku) last week. Its main features are as follows.
Location: Bentencho, Shinjuku-ku, Tokyo (6-min walk to Ushigomeyanagimachi station of Tokyo Subway Oedo Line & 8-min walk to Waseda station of Tokyo Metro Tozai Line)
Price: 34,000,000 yen
Type: 1-bedroom apartment
Size: 40.38 sq. meters
Structure: RC / 12 stories
Built in: 2006
Maintenance Fee: 10,200 yen/month
Repair (reserve): 3,100 yen/month
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Wednesday, October 21st, 2009
Dear International Investors,
I used Toden Arakawa Line, when I surveyed three apartment buildings in Taito-ku, Arakawa-ku, and Toshima-ku last week. The line is the only streetcar system survived in Tokyo, connecting Waseda (Shinjuku-ku) and Minowabashi (Arakawa-ku). The line has been in operation since 1913, and the neighborhoods and towns along the line still show what Tokyo used to look like in Showa Period (1926-1989). Toden Arakawa Line runs through Shinjuku-ku, Toshima-ku, Kita-ku, and Arakawa-ku, most of these districts being downtown and residential.
Also, Toden Arakawa Line stops at some major stations at which passengers can switch from Toden Arakawa Line to another train line. These stations include Machiya (to Tokyo Metro Chiyoda Line), Oji (to JR Keihintohoku Line), and Otsuka (to JR Yamanote Line).
Toden Arakawa Line is fun to ride and watch. If you can spare sometime for sightseeing in Tokyo, I strongly recommend that you get onto Toden Arakawa Line.
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Thursday, September 24th, 2009
Dear International Investors,
I surveyed an investment property in Shinjuku with my client this afternoon. Its specifications are as follows:
Price: 68,000,000 yen
Location: Yaraicho, Shinjuku-ku, Tokyo (5-min walk to Kagurazaka station (Tokyo Metro Tozai Line) or 4-min walk to Ushigomekagurazaka station (Tokyo Metro Oedo Line))
Land: 42.84 sq. meters
Floor area: 131.57 sq. meters
Structure: RC / 5 stories
Coverage: 80%
FAR: 400%
Built in: 1972
Kagurazaka is a very historical place of Tokyo. The town would probably remind you of what you have seen in paintings and movies about Tokyo in medieval times. It has always been busy with retail and restaurant industries. And, its major shopping street is always bustling with people from all generations and nationalities. Many people want to have their own shop on the main street of Kagurazaka. However, because there is always huge demand for real estate along the street, the value of real estate in Kagurazaka is high.
The investment property is on a street off of the major street of Kagurazaka. Relatively, it is in a quiet place. Yet, there is and will always be foot traffic. Kagurazaka is within a walking distance of major JR stations, such as, Iidabashi, Ichigaya, and Yotsuya.
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Thursday, September 10th, 2009
Dear International Investors,
A bargain, new property in Shinjuku is now being sold for about 5,000,000,000 yen.
Its specs are as follows:
Current Business: Hotel and Retails
Location: Kabukicho, Shinjuku-ku, Tokyo
Transportation: 1-min walk to Higashishinjuku station (Metro Oedo Line, 1 stop from Shinjuku)
Land: 836.52 sq. meters
Floor area: 5,317.70 sq. meters
Built in: July, 2008
Structure: RC / 13 stories
Zoning: Commercial
Coverage: 80%
FAR: 700%
Annual revenue (for 2008): approx. 445,788,000 yen
It is promising in terms of investment. Pros include:
– already commercially successful with international tourists (i.e. income for 2008 is about 445,788,000 yen/year or 1,221,337 yen/day)
– conveniently located (i.e. 10-second walk to Higashishinjuku station of Metro Oedo Line (1 stop from Shinjuku))
– located in a corner of Meiji Dori and Shokuan Dori which are two major streets of the area
– Shinjuku is and will be popular among international tourists with so many interesting spots
– an about-25,000,000-sq. meter land across the Meiji Dori is under development and will be a commercial magnet from 2011
An about-25,000-sq.meter land is under development and will complete in 2011. The new commercial hub of Shinjuku will create new foot traffic and attract tourists from all over the world, and will be an additional value to the property.
It may be a first-comes-first-served investment opportunity. Unfortunately, the seller wants to close the deal by the end of September. The price is negotiable. Please feel free to contact me, if you are interested in the property or have any questions.
I am looking forward to the opportunity to serve to you.
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Saturday, July 18th, 2009
Dear international investors,
Shinjuku is one of the most crowded places in the world.
Over 700,ooo passengers use Shinjuku station (for 7 train lines by 5 railway companies) on average every day. It is the largest train station in the world in terms of the number of users. While serving as a center of retail business of Japan, it is always bustling with and energized by commuters from western suburbs of Tokyo and tourists from overseas.
Roughly speaking, it is in the center of a vast commercial area with the Tokyo Metropolitan Government and Japan’s conglomerates’ buildings on its west, departments and fashion boutiques on its east, and restaurants and entertainments on its north.
Almost all kinds of cuisines and entertainments are available in the region. Also, most of them are reasonably priced.
In particular, Kabukicho is a famous and infamous red-light district. You will probably be dazzled by never- cease-to-flash neon signs. No other area or town in the world is so bright as Kabukicho at 3 a.m. in morning. Kabukicho used to be known for unsafeness. However, thanks to the country’s goverment’s recent efforts to crack down on gangster groups, it is said that the area is now far safer than before. Still, it is advisable that you be careful when you visit Kabukicho because it is very differnt from the rest of Japan where you can get your wallet back even after leaving it somewhere.
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