Archive for December, 2009

an 79,000,000-yen investment property in between Kagurazaka station and Edogawabashi station

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%

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an interesting investment property with a successful restaurant in popular Kagurazaka

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,

 

 

a 85,000,000-yen investment property in Kagurazka

a 85,000,000-yen investment property in Kagurazka

 

 

a 85,000,000-yen investment property in Kagurazaka

a 85,000,000-yen investment property in Kagurazaka

 

 

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.

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investment properties in Bunkyo-ku and Shinjuku-ku

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).

 

 

a 110,000,000-yen property in Myogadani (Bunkyo-ku)

a 110,000,000-yen property in Myogadani (Bunkyo-ku)

 

 

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%

 

 

a 64,900,000-yen property in Nijiyukkicho (Shinjuku-ku)

a 64,900,000-yen property in Nijiyukkicho (Shinjuku-ku)

 

 

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%

 

 

a 137,000,000-yen property in Waseda (Shinjuku-ku)

a 137,000,000-yen property in Waseda (Shinjuku-ku)

 

 

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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a nice-looking office building in Kameido (Koto-ku) is for sale

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

 

 

a beautiful office building in Kameido

a beautiful office building in Kameido

 

 

seen from a different angle

seen from a different angle

 

 

seen from afar

seen from afar

 

 

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.

 

 

Kameido station

Kameido station

 

 

a row of old restaurants back of Kameido station

a row of old restaurants back of Kameido station

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a high-quality office building in Kojimachi

Dear International Investors,

 

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.

 

 

a quality office building in Kojimachi

a quality office building in Kojimachi

 

 

building outlook

building outlook

 

 

building outlook 2

building outlook 2

 

 

interiors

interiors

 

 

Kojimachi

Kojimachi

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an office building in Akihabara

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.

 

an office building in Akihabara

an office building in Akihabara

an office building in Akihabara 2

an office building in Akihabara 2

entrance - an office building in Akihabara

entrance - an office building in Akihabara

staircase

staircase

neighborhood

neighborhood

akihabara

akihabara

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A bargain building in Ikebukuro

Dear International Investors,

 

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

 

 

front

front

 

 

 

front 2

front 2

 

 

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.

 

 

 current tenant - a game palor (basement)

current tenant - a game palor (basement)

 

 

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.

 

 

neighborhood

neighborhood

 

 

neighborhood 2

neighborhood 2

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An interesting investment opportunity with a suburban building in Nerima-ku

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.

 

 

an interesting investment properity in a suburb of Tokyo

an interesting investment properity in a suburb of Tokyo

 

 

an interesting investment property in a suburb of Tokyo

an interesting investment property in a suburb of Tokyo

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Mizue – a growing suburb of Tokyo

Dear international investors,

 

 

I surveyed real estate in Mizue of Edogawa-ku which is an eastern ward (=ku) of Tokyo 23 wards and which is adjacent to Chiba Prefecture.  It is in-between Arakawa and Edogawa – two famous rivers of Tokyo.

 

 

Mizue is a station of  Toei Shinjuku Line.  Mizue station is new just like much of Edogawa ward where new houses and apartment buildings are being built.  The streets around Mizue are crowded with shops and restaurants.  And houses and apartment buildings on southern residential areas of the station are new.

 

 

Mizue station

Mizue station

 

 

Mizue station 2

Mizue station 2

 

 

Mizue - a growing town

Mizue - a growing town

 

 

a vegetable field 5-min walk from Mizue station

a vegetable field 5-min walk from Mizue station

 

 

 

 

The real estate I surveyed today is a combination of an apartment building with retail space.   Its details are as follows:

 

 

Price: 88,800,000 yen

Land: 140.06 sq. meters

Floor area: 252.74 sq. meters

Structure: steel / 3 stories

Built in: 1999

Other features: exclusive parking, 1 x 3-bedroom apartment (3F) + 2 x 2-bedroom apartment (2F) + retail space (1F), proximity to medical and educational facilities

 

 

 

apartments + retail in Mizue

apartments + retail in Mizue

 

 

apartments + retail in Mizue

apartments + retail in Mizue

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a bargain investment property in a prime location of Tokyo

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.

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