Wednesday, April 14th, 2010
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
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Saturday, April 10th, 2010
Dear Investors,
We surveyed an investment property in Yoyogiuehara.
It is interesting not only because it is on a large piece of land with 240.90 sq. meters and has a 4-bedroom apartment with a large living room (about 58 sq. meters) on 2nd and 3rd floor but also because the property’s 1st place will be suitable for many businesses, in particular, a beauty parlor, a medical clinic, and a restaurant.
Type: residence + business
Location: Tomigaya, Shibuya-ku (7-min walk to Yoyogihachiman station of Odakyu/Tokyo Metro Chiyoda Line)
Land: 240.90 sq. meters
Floor area: 426.63 sq. meters
Coverage: 60%
FAR: 150%
Structure: RC / 3 stories
Built in: 1968
Price: 229,800,000 yen
Others: fully renovated in 2008, exclusive Japanese garden, 8-min walk to Yoyogiuehara station of Odakyu/Tokyo Metro Chiyoda Line, roof terrace, paking for 2 cars (w/ electric shutter), a nice view from roof balcony
Please let us know, if you are interested in it.
Best regards,
Minato Asset Management
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Thursday, April 8th, 2010
Dear Investors:
We surveyed an investment property on Route 7, which is one of the major loops going around the heart of Tokyo. The property’s details are:
Type: retail + residence
Location: Ohara, Setagaya-ku (5-min walk to Shindaita station of Keio Inokashira Line)
Land: 201.85 sq. meters
Floor area: 495.24 sq. meters
Completion: August, 1991
Coverage: 60%
FAR: 300%
Annual return: 14,292,000 yen
Price: 188,000,000 yen
Others: elevator & major renovations have been carried out in January, 2010.
Please let us know, if you are interested in this property.
Best regards,
Minato Asset Management
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Wednesday, April 7th, 2010
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Friday, April 2nd, 2010
Dear Investors:
Type: residence
Location: Ishihara, Sumida-ku, Tokyo (7-min walk from Ryogoku station of Metro Oedo Line)
Land: 173.84 sq. meters
Floor area: 888.39 sq.meters
Structure: RC / 11 stories
Year built: 2009
Coverage: 100%
FAR: 500%
Annual return (@100%): 32,844,600 yen
Price: 616,000,000 yen
Please let us know, if you are interested in it.
Best regards,
Minato Asset Management
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Thursday, April 1st, 2010
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
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Tuesday, March 30th, 2010
Dear Investors:
Tokyo Sky Tree is now the tallest tower in Japan. The to-be-634-meter tower is still under construction and is going to complete in 2012. But it has passed the old Tokyo Tower which is 333 meters high yesterday while reaching to 338 meters.
A new commercial zone will propbably be created in the area surrounded by Asakusa, Kinshicho, Kameido, and Oshiage where Tokyo Sky Tree will be. In fact, many people and companies are seriously looking for real estate in the region for a view of the tower.
Please let us know, if you are interested in the area. We will introduce you interesting investment properties in the region.
Best regards,
Minato Asset Management
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Saturday, March 27th, 2010
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
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Friday, March 26th, 2010
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
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Thursday, March 25th, 2010
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
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