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Dear Investors,

 

Happy new year!  It is the beginning of a new year.

 

Please let us take this opportunity to express our heartfelt gratitudes to your continued business with Minato Asset Management.   We sincerely wish for more businesss opportunities with you in 2010.

 

May the year 2010 bring you all peace, success, and happiness!

 

 

Best regards,

 

 

Minato Asset Management

Dear International Investors,

 

 

I surveyed a 79,000,000-yen investment property in Kaitaicho (Shinjuku-ku) which is about 5 minutes walk from Edogawabashi station of Tokyo Metro Yurakucho Line.

 

 

Price: 79,000,000 yen

Location: Kaitaicho, Shinjuku-ku (3-min walk from Edogawabashi station of Tokyo Metro Yurakucho Line & 6-min walk from Kagurazaka station of Tokyo Metro Tozai Line)

Type: office building

Land: 117.42 sq. meters

Floor area: 306.15 sq. meters

Structure: steel / 5-story building

Project Yield: 11.13%

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.

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%

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.

 

 

 

 

 

I surveyed an office building in Kojimachi (Chiyoda-ku) today.

 

 

Its features are as follows:

 

 

Price: 1,200,000,000 yen

Location: Kioicho, Chiyoda-ku, Tokyo (3-min walk from Kojimachi station of Tokyo Metro Yurakucho Line )

Land: 231.40 sq. meters

Floor area: 1,400.22 sq.meters

Built in: 1990

Structure: RC / 10 stories

Coverage/FAR: 80% / 600%

Annual income: 82,792,224 yen

Yield: 5.85%

 

 

Kojimachi has been a business center in Japan for many years.   Because it is in-between the Imperial Palace and the Japanese parliament, there are many international companies and foreign embassies in the area.

 

 

 

 

 

 

 

 

 

 

Dear International Investors,

 

 

I surveyed a 248,000,000-yen property in Akihabara  last week.

 

Its features are as follows:

 

Price: 248,000,000 yen

Location:  Kandaizumicho, Chiyoda-ku, Tokyo (5-min walk from Akihabara station of JR & Tokyo Metro Hibiya Line)

Land: 233.60 sq. meters

Structure: RC / 4 stories

Floor area: 676.26 sq. meters

Built in: 1977

Current Annual Return: 24,097,920 yen

Current Yield: 8.51%

 

 

The property is within a walking distance of Akihabara station.   Akihabara is so popular among international tourists and is always crowded with shoppers.

 

 

 
I surveyed an interesting 5-story commercial building in the west of Ikebukuro which is a popular and growing commercial area of Tokyo.

 

 

 

 

 

 

 

Price: approximately 400,000,000 yen

Type: a building for investment

Location: 3, Nishiikebukuro, Toshima-ku, Tokyo (5-min walk to Ikebukuto station)

Land: 144.49 sq. meters

Floor area: 629.18 sq. meters

Structure: RC / 5 stories + 1 story underground

Built in: 1995

Coverage/FAR: 80% / 600%

Current annual income: 22,596,060 yen

 

 

You should rent space in this building to a game palor and/or a restaurant as they have already been successful in this area. In fact, there are so many international and Japanese restaurants in the neighborhood.

 

 

 

 

Just like Shibuya, Shinjuku, and Akihabara, Ikebukuro is becoming more popular among international people, in particular, Asians, than ever before. As a result, a number of Asian restaurants is rapidly growing in Ikebukuro. You will find international restaurants at any corner of Ikebukuro.

 

 

 

 

Dear International Investors,

 

 

I surveyed a 350,000,000 yen building in front of Musashiseki station of Seibu Shinjuku Line.

 

 

Its main features are as follows:

 

 

Location: 2, Sekimachi-kita, Nerima-ku (1-min walk to Sekimachikita station)

Land: 502.53 sqmeters:

Floor area: 1,288.35 sq. meters

Structure: steel / 7 stories above ground + 1 story underground

Built in: 1991

Current Annual Return: 39,680,304 yen

Yield: 11.34 %

 

 

Pros:

– proximity to a train station (less than 1 minute)

– good tenants (i.e. 4 out of 7 occupants are medical experts)

Cons:

– difficult to determine whether or not some tenants will be profitable

– the building’s and land’s shapes are irregular

 

 

Please let me know, if you are interested in this property.

 

 

 

 

Dear international investors,

 

 An interesting, promising investment property in-between Roppongi and Azabujuban has just come out on market.  Its main features are as follows:

 

Price: 162,000,000 yen

Location:  1, Azabujuban, Minato-ku (5-min walk to Azabujuban station of Tokyo Subway Oedo  Line)

Land: 66.87 sq. meters

Floor area: 254.63 sq. meters

Structure: Steel / 5 stories + 1 story underground

Coverage / FAR : 80% / 400%

Built in: 1988

Annual return (estimated @100% occupancy): 13,137,600 yen

Yield: 8.1%

 

 

A restaurant will be suitable for 1st floor because there is always so much foot traffic on the street.  Roppongi and Azabujuban are very popular among people.  Roppongi is famous for night life: Azabujuban for nice restaurants. 

 

 

Please let us know, if you are interested in the property.