Wednesday, August 4th, 2010
Let us introduce you the following investment property:
Address: 6, Ikegami, http://blog.realestate-minato.com/article-marketing-service/, Tokyo (1-min walk from Ikegami station of my future plan essay)
Land: 62.44 square meters
Floor area: 291.09 square meters
Structure: Steel Reinforced Concrete / 5 stories above the ground + 1 story underground
Year built: 1979
Current operation ratio: 5/6
Current annual return: 11,916,000 yen
Asking price: 142,000,000 yen
Yield: 9.1 %
Others: Basement (karaoke bar); 1, 2, 5F (KFC); 3F (vacant); and 4F (mahjong salon)
It will be interesting to watch how much the real estate value of Ikegami will go up because Ikegami is about 5 kilometers west of Musashikosugi which is more popular than ever before as a suburb of Tokyo and Yokohama with high-rise condominiums.
Renovation costs might be a drawback for purchase of the property. That is, the property will need extensive renovation when it is possessed by a new owner.
Please let us know, if you are interested in the property.
Minato Asset Management
Wednesday, June 9th, 2010
Let us introduce you a high-performance apartment building in Yokohama. The city is the second largest city in Japan in terms of population. The apartment building’s details are:
Address: 1, Matsukage-cho, Naka-ku, Yokohama City (2-min walk from Ishikawacho station & 8-min walk from Kannai station of JR Negishi Line)
Land: 851.26 square meters
Floor area: 3,473.46 square meters
Structure: RC / 11 stories
Year built: 2007
Others: 127 x studio, 39 x parking lot
Current operation rate (residence): 116/127
Annual return: 144,792,000 (including 10,632,000 yen for utilities and 13,176,000 yen for parking)
Asking Price: 1,670,000,000 yen
Yokohama is one of the most popular cities among Japanese people. Because it is built on hills encircling a bay, a nice view of Yokohama Bay is available at many districts of the city. Yamashita Park, a green belt along the bay, is particulary famous and popular.
However, there is a drawback about the property. That is, the quoter in which the property is has been relatively distressed and actully been lower than much of Yokohama City in value. Occupancy is good, but we would like you to pay extra attention to this fact.
Please let us know, if you are still interested in the property.
Minato Asset Management