Saturday, January 30th, 2010
Dear Investors,
I surveyed the following investment property this afternoon. Its details are as follow:
Type: shop (currently a karaoke bar) + residence
Location: Higashinakano, Nakano-ku, Tokyo (2-min walk from Higashinakano station of JR Sobu Line & Metro Oedo Line)
Land: 86.47 sq. meters
Floor area: 185.30 sq. meters
Coverage: 60%
FAR: 200%
Year built: 1986
Structure: RC / 4 stories
Current operation rate: 100% or 7/7
Annual return: 6,360,000 yen
Price: 120,000,000 yen
Others: well maintained, within a walking distance of Shinjuku, a nice view from the roof balcony, 1 x retail + 5 x studio + 1 x 3-bedroom apartment
The property is on east side of Higashinakano station. Higashinakano is self-sufficient. You can find almost all groceries and daily necessities in the town.
Please feel free to contact us at any time, if you are interested in the property or need any further information about it.
Best regards,
Minato Asset Management
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Wednesday, January 27th, 2010
Dear Investors,
I went to view two apartment buildings in Saitama City this afternoon. Their details are as follow:
(building 1)
Price: 42,000,000 yen
Location: Minuma-ku, Saitama City (7-min walk from Higashi Omiya station of JR Tohoku Line)
Land: 183.07 sq. meters
Floor area: 166.08 sq. meters
#units: 10
Year Built: 1987
Structure: wood / 2 stories
Coverage 60%
FAR: 200%
Annual return: 4,356,000 yen
Current operation rate: 100%
Yield: 10.37%
(building 2)
Price: 33,000,000 yen
Location: Minuma-ku, Saitama City (5-min walk from Higashi Omiya station of JR Tohoku Line)
Land: 140.00 sq. meters
Floor area: 131.04 sq. meters
#units: 8
Year Built: 1987
Structure: wood
Coverage: 60%
FAR 200%
Annual return: 3,456,000 yen
Current operation rate: 88%
Yield: 10.47%
Saitama is a satellite city of Tokyo Metropolis whose population is over 20 million. It is conveniently located in north of Tokyo; and many families, company employees, students, and international people live in the city and surrounding areas.
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Saturday, January 23rd, 2010
Dear Investors,
I have just come across with a very high-yield investment property in a suburb of Tokyo. Its details are as follows.
Type: restaurant business
Location: Shimonagata, Nasushiobara City, Tochigi Prefecture (about 2.5 hours from Tokyo station by local train)
Land: 561.31 sq. meters
Floor Area: 541.00 sq. meters
Structure: steel / 2 stories
Year Built: 1990
Yield (at operation rate of 100%): 27.83%
Annual return (at operation rate of 100%): 15,252,000 yen
Asking price: 54,800,000 yen
Others: natural hot springs nearby and a 12-min-walk from a JR station
Yield is high. But risk is also high. In particular, it will probably be difficult to find tenants for income gain, buyers for capital gain, and vendors for daily operations. Also, it will probably be difficult to find lenders.
I am just wrting to let you know that there are many high-yield investment properties outside of Tokyo which may be worthwhile to consider for for your portfolio. But, please let me emphasize once again that there is high risk behind them.
As a matter of fact, good real estate agents warn that focusing on only high yields is risky for search of investment properties.
Please let me know, if you are still interested in this kind of investment property.
Best regards,
Minato Asset Management
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Friday, January 22nd, 2010
Dear Investors,
I recently found an interesting investment property in a central location of Tokyo. Unfortunately, it has just been sold and is no longer available. What a bummer!
Type: commercial building (shop, office, + residence)
Location: Shimoochiai, Shinjuku-ku, Tokyo (3-min walk to Mejiro station of JR Yamanote Line)
Land: 192.08 sq. meters
Floor area: 416 sq. meters
Coverage: 80%
FAR: 400%
Structure: steel / 4 stories
Built in: 1982
Annual return: 16,260,000 yen
Asking price: 185,000,000 yen
Others: on Mejiro Dori, and a ‘100-yen’ shop is on 1st floor
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Tuesday, January 19th, 2010
Dear Investors,
An investment property in Bunkyo-ku is for sale. Its details are as follows:
Type: investment property
Location: Koishikawa, Bunkyo-ku, Tokyo (8-min walk to Kasuga station of Toei Mita Line, 9-min walk to Kasuga station of Toei Oedo Line & Tokyo Metro Namboku Line, and 11-min walk to Korekuen station of Tokyo Metro Marunouchi Line)
Land: 150.54 sq. meters
Floor area: 368.15 sq. meters
Structure: Steel / 5 stories
Coverage: 60%
FAR: 400%
Current Numbers:
Operation rate: 100% or 10/10
Annual return: 13,203,090 yen (including 111,090 yen from a mobile phone company which uses the property’s roof for antennas)
Others: within a walking distance of Tokyo Dome & Koishikawa Botanical Garden, nice view from roof balcony
Bunkyo-ku means an educational district. In fact, there are many good educational facilities (e.g. elementary school, junior & highschool, college, and university) in Bunkyo-ku. Tokyo Dome (= an indoor baseball park) is within a walking distance.
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Friday, January 15th, 2010
Dear Investors,
There is a high-yield investment property in Kashiwa City. Its specs are as follows:
Type: commercial building
Location: Kashiwa, Kashiwa City, Chiba (5-min walk from Kashiwa station of JR Jyoban Line)
Land: 221.58 sq. meters
Floor area: 645.13 sq. meters
Coverage: 60%
FAR: 300%
Structure: RC / 4 stories
Built in: 1981
Current operation rate: 100% or 8/8
Current annual return: 18,333,605 yen
Asking price: 150,000,000 yen
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Saturday, January 9th, 2010
Dear Investors,
An interesting investment property is for sale. Its details are as follows:
Type: commercial building (restaurant, bar, & office)
Location: Azabujuban, Minato-ku (2-min walk to Azabujuban station of Tokyo Metro Namboku Line & Toei Oedo Line)
Land: 104.92 sq. meters
Floor area: 429.63 sq. meters
Coverage: 80%
FAR: 500%
Built in: 1990
Structure: Steel / 8 stories
Current Numbers:
Operation rate: 100%
Annual return: approximately 22,080,000 yen
Annual expenses: approximately 1,497,000 yen
Asking price: 350,000,000 yen
Other: an inspection for asbestos has been conducted (negative)
The property is posting a yield of 6.31% which is not so high. But a high occupancy rate and a high asset value will be surety because it is in central areas of Azabujuban which is a popular commercial district of Tokyo with many first-class restaurants.
Please let us know, if you are interested in this property.
Best regards,
Minato Asset Management
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Friday, January 8th, 2010
Dear Investors,
We surveyed the following investment property in Ebisu yesterday. It will create interesting investment opportunities largely because it is a relatively new and RC building in a promising location of Tokyo.
Type: office building for investment
Location: Ebisu, Shibuya-ku, Tokyo (7-min walk to Ebisu station of JR Yamanote Line & 9-min walk to Ebisu station of Tokyo Metro Hibiya Line)
Land: 400.85 sq. meters
Floor area: 1,683.64 sq. meters
Coverage: 80%, 60%
FAR: 400%, 300%
Built in: 1993
Structure: SRC / 9 stories + 1 story underground
Other features: a popular comercial, trendy, and international district; and parking for 6 cars
Current Numbers:
Operation rate: 92.1%
Annual return: approximately 136,374,000 yen
Annual expenses: approximately 16,851,000 yen
Asking price: 1,120,000,000 yen
We have a listing of investment properties like this one. Please feel free to contact us, if you are interested in this property or other properties.
We are looking forward to the opportunity to do business with you.
Best regards,
Minato Asset Management
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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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Thursday, December 17th, 2009
Dear International Investors,
I surveyed a beautiful office building in Kameido. Its features are as follows:
Type: office building for sale
Location: Kameido, Koto-ku, Tokyo (3-min walk to Kameido station of JR Sobu Line)
Land: 266.50 sq. meters
Floor area: 1,701.58 sq. meters
Structure: RC / 9 stories
Built in: 1981
Coverage/FAR: 80% / 700%
Current operation rate: 87.72%
Current annual return: approximately 51,079,000 yen
Other: Fully renovated in 2009
Kameido station is of JR Sobu Line which connects central areas of Tokyo and Chiba Prefecture. From Kameido station to Shinjuku station is about 25 minutes. Kameido is low-laying land east of Sumida River and is an old residential area of Tokyo.
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