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Dear International Investors,

I went to survey a high-yield apartment building in Mitaka City which is a growing, popular satellite city west of Tokyo.

Its specs are as follows:

Type: apartment building for investment

Price: 208,000,000 yen

Annual Income: 25,080,000 yen

Yield: 12.05%

Location: Mure, Mitaka City, Tokyo (15-min walk to Mitakadai station (Keio Inokashira Line))

Land: 436.51 sq. meters

Floor area: 723.45 sq. meters

Structure: steel / 4 stories

Coverage: 60%

FAR: 200%

Current operation rate: 100% or 23/23

apartment building for investment in Mitaka

apartment building in Mitaka 2

apartment building for investment in Mitaka 3

Unlike the center of Tokyo where open field and space is scarce, there is plenty of openness in Mitaka and surrounding cities, such as, Musashino City, Chofu City, and Fuchu City.  Agricultural land and greenery are common in these new cities.   Mitaka and other suburban cities west of Tokyo are largely residential and still growing in population mainly because of their desirable environments for residence.   Also, there are many famous private and public universities and colleges in this part of Tokyo. 

Mitaka is conveniently connected to Shinjuku, Tokyo, and other major JR stations in Tokyo by JR Chuo Line.  It is about 30 mins from Tokyo to Mitaka.    Kichijoji of Musashino City is adjacent to Mitaka City.  It has been the most popular town among Japanese families in Tokyo for many years. 

neighborhood

view from building

Dear International Investors,

I surveyed an investment property in Shinjuku with my client this afternoon.  Its specifications are as follows:

Price: 68,000,000 yen

Location: Yaraicho, Shinjuku-ku, Tokyo (5-min walk to Kagurazaka station (Tokyo Metro Tozai Line) or  4-min walk to Ushigomekagurazaka station (Tokyo Metro Oedo Line))

Land: 42.84 sq. meters

Floor area: 131.57 sq. meters

Structure: RC / 5 stories

Coverage: 80%

FAR: 400%

Built in: 1972

an investment property in Kagurazaka

an investment property in Kagurazaka 2

Kagurazaka is a very historical place of Tokyo.  The town would probably remind you of what you have seen in paintings and movies about Tokyo in medieval times.  It has always been busy with retail and restaurant industries.  And, its major shopping street is always bustling with people from all generations and nationalities.    Many people want to have their own shop on the main street of Kagurazaka.  However, because there is always huge demand for real estate along the street, the value of real estate in Kagurazaka is high.

neighborhood

The investment property is on a street off of the major street of Kagurazaka.  Relatively, it is in a quiet place.  Yet, there is and will always be foot traffic.  Kagurazaka is within a walking distance of major JR stations, such as, Iidabashi, Ichigaya, and Yotsuya.

Dear International Investors,

Today, I went out to survey investment properties in Chiyoda-ku and Bunkyo-ku.   Their specifications are as follows:

– a secondhand building for investment

Location: 1, Kanda-ogawacho, Chiyoda-ku (1-min walk from Awajicho station of Tokyo Metro Marunouchi Line)

Price: 79,800,000 yen

Land: 45.25 sq. meters

Floor area: 217.31 sq. meters

Structure: RC / 5 stories above ground + 1 story underground

Coverage: 80%

FAR: 800%

Built in: 1970

Annual Income: 3,132,000 yen

Yield: 6.28 %

Features:  Proximity to a Tokyo’s major street, good foot traffic from colleges and universities in the neighborhood

a building for sale in Chiyoda-ku

a building for sale in Chiyoda-ku 2

a building for sale in Chiyoda-ku

neighborhood

– a secondhand building for investment

Location: 3, Otsuka, Bunkyo-ku (8-min walk from Miyogadani station of Tokyo Metro Marunouchi Line)

Price: 59,800,000 yen

Land: 42.04 sq. meters

Floor area: 201.87  sq. meters

Structure: RC / 5 stories above ground + 1 story underground

Coverage: 80%

FAR: 500%

Built in: 1991

Features:  On a Tokyo’s major street, a famous educational district

a building for sale in Bunkyo-ku 2

Seen from afar

Seen from afar 2

– a secondhand apartment building for investment

Location: 3, Kohinata, Bunkyo-ku (6-min walk from Miyogadani station of Tokyo Metro Marunouchi Line)

Price: 45,800,000 yen

Land: 67.43 sq. meters

Floor area: 53.8 sq. meters

Structure: Wooden / 2 stories

Coverage: 60%

FAR: 200%

Built in: 1987

Features:  A famous educational district, proximity to famous universities and colleges, a very quiet residential neighborhood

a secondhand apartment building for investment

a secondhand apartment building for investment 2

a secondhand apartment building for investment 3

a secondhand apartment building for investment 4

Bunkyo-ku has proximity to greenery

Dear International Investors,

I surveyed a new apartment building in Ojima in Koto-ku on the other day. 

 Its specifications are as follows:

Price: 130,000,000 yen

Location: 8, Ojima, Koto-ku, Tokyo (8-min walk to Higashiojima station of Metro Shinjuku Line)

Land: 193.27 sq. meters

Floor Area: 228.64 sq meters

Built in: 2008

Coverage: 60%

FAR: 240%

Structure: Wooden (coated with galvanized steel sheet)

 Annual Income: 9,084,000 yen

Yield: approx. 6.98%

Seen from outside

seen from outside 2

seen from outside 3

The building is attractive for investment because it is new.  Currently, it is fully occupied.  But one should bear in mind that its value may not be so high as it looks because it is basically wood.   Also, the neighborhood is residential and quiet with almost all of the apartment buildings there being lower than 5 stories.   There is a vibrant shopping street along Shinohashi street which is about 5-min walk from the building.

a local shopping district

 Koto-ku where Ojima is is an old part of Tokyo.  You should visit Koto-ku, if you are interested in old Tokyo.  Koto-ku is well connected to other areas of Tokyo by JR Sobu Line, Tokyo Metro Hanzomon Line, Tokyo Metro Tozai Line, and Tokyo Metro Shinjuku Line.  Kinshicho is particularly popular and populus with international tourists.

Shibaura Island Grove Tower

Its main features are as follows:

 Name: Shibaura Island Grove Tower

Location: 4, Shibaura, Minato-ku, Tokyo (8-min wlk to Tamachi station of JR Yamanote Line)

Type: 3 bedrooms

Floor area: 175.83 sq. meters

Balcony: 19.97 sq. meters

Structure: RC / 49 stories + 1 story underground

Built in: 2007

Monthly rent: 850,000 yen

Deposit: 2 months of rent

Key Money: 2 months of rent

Renewal Fee: 1 month of new rent

Other features: gym, kid’s room, convenience store, private park w/ barbecue corner & party room, machine parking (32,000 yen/month), and concierge service.

living room

a view from living room

 The area is in a southeast corner of Minato-ku and in-between Yamanote Line and Odaiba which is a popular commercial site with a broadcasting station and entertainments.   About 6-hectare land has been recently developed by Mitsui Real Estate, a family company of one of the largest congromerates in Japan.  The development includes three high-rise condos and one rental tower with parks and commercial facilities and is making it possible for as many as 4,000 families to live on the land.

a panoramic view

a view of a canal

a panoramic view 2

Dear International Investors,

I showed four apartments to my client on Sunday afternoon.    The following is information of one of them.

Name:  Takanawa Pair City (a unit on 6th floor)

Location: 4, Takanawa, Minato-ku, Tokyo (7-min walk to Shinagawa station)

Price: 49,800,000 yen

Floor area: 68.75 sq. meters

Structure: RC / 9 stories

Built in: 1976

Maintenance Fee: 22,070 yen/month

Repair Fund: 20,811 yen/month

Other features:  In an exclusive residential neighborhood of Shinagawa, Sunny, Quiet, Nice view

Takanawa Pair City is an apartment building with unparalled stateliness.   It is built on a 2,194-sq. meter land and is in a very quiet residential neighborhood of Shinagawa.  

Takanawa Pair City - apartment building's entrance hall

The 2-bedroom unit we saw is nice.  It is sunny and quiet and has a nice view and proximity to greenery.  But a bottleneck about the unit is that the room will probably need a major upgrade before delivery.    Wallpaper and carpet must be replaced.  And the upgrade will probably cost approximately 8,000,000 yen. 

Takanawa Pair City - Living Room

Takanawa Pair City - Living Room 2

Shinagawa is a main gate of Tokyo.  In fact, it has functioned as a check-point of the Tokaido which has been connecting Tokyo and other big cities of western Japan (e.g. Nagoya, Kyoto, and Osaka) for about 400 years.   The areas around Shinagawa station are bustling with high-rise office buildings on the station’s east and southeast sides, with the world’s first-class hotels and low-rise, high-end, and quiet residential neighborhoods on the western side.  Shinagawa is growing.  It is a promising place for investment and residence.

Dear international investors,

I surveyed a brand-new apartment building in a quiet residential neighborhood of Omorinishi in Ota-ku yesterday afternoon.  Its specs are as follows:

Price:  188,000,000 yen (12 x 7-jo studio (@approx. 90,000 yen) + 3 x parking lot(@approx. 31,500 yen))

Annual revenue (estimation): 14,094,000 yen

Yield (estimation): 7.5%

Location: 2, Omorinishi, Ota-ku, Tokyo

Station: 5-min walk to Heiwajima station (Keihinkiyuko Line)

Land: 223.71 sq. meters

Floor area: 306.82 sq. meters

Structure: Steel / 3 stories

Coverage: 60%

FAR: 200%

a brand-new investment apartment building under construction

a brand-new investment apartment building is under construction

Heiwajima  is a Keihinkiyuko Line station and is in-between Shinagawa and Haneda Air Port.   Because it is close to both Shinagawa and Haneda and rapid trains stop at the station, commercial districts around the station are bustling with small retails and shoppers although the areas are not so large. 

a commercial district at Heiwajima station

a commercial district at Heiwajima station 2

Neighborhoods are almost 100% residential with detached houses and newly-built  low-rise apartment buildings.   They are very quiet.  When I was there at around 4:30 pm, there were many bicycle riders. 

neighborhood of Heiwajima

neighborhood of Heiwajima 2

In my view, Heiwajima community looked very successful and attractive with much foot, bicycle, and auto traffic.  Also, I surveyed three local apartment buildings similar to the brand-new one in size, new-ness, and location in order to understand occupancy ratio of the neighborhood.  Unexpectedly,  the occupancy of the three apartments is high – 8/8, 13/15, and 46/60.  The last one (=46/60) may not look so good at first.  But the apartment building will be filled in due course because it is brand-new and people have just begun moving in.

a local apartment building

a local apartment building 2

Kan nana seen from a pedestrian bridge near Heiwajima station

a view of Kan nana in Omorinishi

Dear International Investors,

A bargain, new property in Shinjuku is now being sold for about 5,000,000,000 yen.  

Its specs are as follows:

Current Business: Hotel and Retails

Location: Kabukicho, Shinjuku-ku, Tokyo

Transportation: 1-min walk to Higashishinjuku station (Metro Oedo Line, 1 stop from Shinjuku)

Land: 836.52 sq. meters

Floor area: 5,317.70 sq. meters

Built in: July, 2008

Structure: RC / 13 stories

Zoning: Commercial

Coverage: 80%

FAR: 700%

Annual revenue (for 2008): approx. 445,788,000 yen

a new, bargain hotel in Shinjuku for sale

a new, bargain hotel in Shinjuku is for sale

It is promising in terms of investment.   Pros include:

–  already commercially successful with international tourists (i.e. income for 2008 is about 445,788,000 yen/year or 1,221,337 yen/day)

– conveniently located (i.e. 10-second walk to Higashishinjuku station of Metro Oedo Line (1 stop from Shinjuku))

– located in a corner of Meiji Dori and Shokuan Dori which are two major streets of the area

–  Shinjuku is and will be popular among international tourists with so many interesting spots

– an about-25,000,000-sq. meter land across the Meiji Dori is under development and will be a commercial magnet from 2011

view from Shinjuku 7-chome crossing

view from Shinjuku 7-chome crossing 2

view from Shinjuku 7-chome crossing 3

view from Shinjuku 7-chome crossing 4

An about-25,000-sq.meter land is under development and will complete in 2011.   The new commercial hub of Shinjuku will create new foot traffic and attract tourists from all over the world, and will be an additional value to the property.

map of Shinjuku

25,000-sq. meter development in Shinjuku 6-chome

25,000-sq.meter development in Shinjuku 6-chome 2

It may be a first-comes-first-served investment opportunity.  Unfortunately, the seller wants to close the deal by the end of September.  The price is negotiable.  Please feel free to contact me, if you are interested in the property or have any questions.

I am looking forward to the opportunity to serve to you.

Yesterday, I showed a trendy apartment in Minamiaoyama of Minato-ku to a French Embassy personnel who just arrived in Japan.   I am writing this not only because I want to introduce a beautiful rental apartment in a very popular district of  Tokyo, but also because I want you to know that I sometimes handle a rental apartment or a house to look for an occupant upon an owner’s request.  As a matter of fact, the owner of Land Minamiaoyama is our client and has purchased this property in this past May.

Land MinamiaoyamaLand Minamiaoyama 2

Aoyama 1 chome Crossing

The room is well-maintained and beautiful and comes with shining hardwood floor, white wallpaper, and latest equipment.  Also, it has a nice view of Roppongi, Nishiazabu, and Aoyama from a living room and a bedroom.   I am sure that the room will bring you so much comfort with proximity to so many activities and entertainments.   Personally, I like Aoyama so much because I can walk to the Tokyo Metropolitan Gym (public) from Aoyama.   In addition, there are many world’s first-class companies in Aoyama.  The owner is willing to negotiate about rental terms.  So, if you have any questions, please contact me.

Land Mimamiaoyama seen from a bedroom

Land Minamiaoyama seen from living room

Land Minamiaoyama Living Room

 

Land Minamiaoyama - view from living room

Land Minamiaoyama - gas cooking stove

Land Minamiaoyama - kitchen

Land Minamiaoyama - Lavatory

Land Minamiaoyama - Japanese style bath

Land Minamiaoyama - neighborhood

Dear international investors,

Tokyo Sky Tree is under construction.   It is scheduled to complete in 2011.   As of today, it is 126-meter tall.  

Tokyo Sky Tree under construction

Tokyo Sky Tree under construction 2

The about-610-meter-tall (!) TV tower is in Oshiage of Sumida-ku which is east of famous Asakusa.   Looking from Asakusa, Oshiage is over Sumida River.  Oshiage is within a walking distance of popular commercial districts, such as, Asakusa, Riyogoku, and Kinshicho.  Althoug it has good access to those popular sites, it is not so known among people.   On the contrary, it looks underdeveloped.   Very little development has occured on Oshiage for at least the last 30 years.

Tokyo Sky Tree under construction 3

Tokyo Sky Tree under construction 4

Oshiage consists mostly of low-rise apartment buildings and of old detached houses.   There is a local shopping street, but much of the town looks so inactive.   According to a local ramen maestro who has been keeping a small ramen shop for the last 33 years, Oshiage was far more populas than now with then-flourishing textile and printing businesses which have recently drained into Asian countries.    Also, I have learned from the ramen maestro that Japan’s first ready-mixed concrete plant was where Tokyo Sky Tree is about 100 years ago and that it provided ready-mixed concrete to Tokyo and helped Tokyo become westernized then.  

Oshiage station

Oshiage station 2

Oshiage station 3Oshiage station 4

Oshiage station 5

local ramen shop in Oshiage - thank you for teaching me history of Oshiage!