Friday, June 25th, 2010
A high-yield apartment building is for sale in a residential neighborhood of Saitama Prefecture.
Type: residential (for families)
Land: 1,047.91 square meters
Floor area: 4,897.28 square meters
Structure: Steel Reinforced Concrete / 11 stories above ground + 1 story underground
Current operation rate: 40/48
Current annual return: 103,071,600 yen (= 12 months x 8,589,300 yen)
Asking price: 1,500,000,000 yen (to be negotiated)
Yield: approximately 6.8%
Others: a nice residential neighborhood north of Tokyo (approximately 30 minutes to Tokyo station by JR), built by a famous construction company
All the units on the building are for families, that is, 2-bedroom and 3-bedroom apartments.
Saitama prefecture’s population is growing because of its proximity not only to Tokyo but also to local parks and greenery.
Please let us know, if you are interested in the property or have any question or need further informationn about it.
Minato Asset Management