Archive for February, 2010

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Dear Investors,

 

 

I surveyed the following investment property in Nippori of Arakawa-ku this afternoon.  Its details are:

 

 

Location: Nishinippori, Arakawa-ku (1-min walk from Nippori station of JR Yamanote Line & 4-min walk from Nishinippori station of JR Yamanote Line)

Land: 146.31 sq. meters

Floor area: 589.01  sq. meters

Structure: steel / 5 stories

Coverage: 80%

FAR: 700%

Current operation rate: 92 % or 13/14

Current annual return: 15,168,000 yen

Asking price: 210,000,000 yen

Yield: 7.2%

 

 

 

 

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A Chinese restaurant is on 1st floor

 

 

High-rise condominiums at JR Nippori station

High-rise condominiums at JR Nippori station

 

 

You will probably find this yield low.  But this property’s retun will be stable because of its proximity to a train station of JR Yamanote Line.  As a matter of fact, it always has a high occupancy.

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Interesting investment opportunities in Minato-ku

Dear Investors,

 

 

The following investment property has just come out on market.  Its details are:

 

 

Type: residence + office

Location: Roppongi, Minato-ku (Accessible with Tokyo Metro Chiyoda Line & Hibiya Line)

Land: 499.55 sq. meters

Floor area: 2,097.84 sq. meters

Structure: RC / 1 story underground + 16 stories above ground

Built in: 2006

Operation rate (as of 1/16/2010): approximately 85%

Return (as of 1/16/2010): approximately 110,000,000 yen/year

Others: 31 x residence + 6 x office; within a walking distance of main locations of Minato-ku

 

 

We are going to survey the investment property soon and provide more information about it.

 

 

Best regards,

 

 

Minato Asset Management

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Investment property (a family condo) in a residential Bunkyo-ku

Dear Investors,

 

 

I surveyed the following investment property yesterday.  Its details are as follow.

 

 

Type: residence

Location: Mukogaoka, Bunkyo-ku, Tokyo (5-min walk from Hakusan station of Metro Mita Line, 6-min walk from Todaimae station of Tokyo Metro Namboku Line, & 6-min walk from Honkomagome station of Tokyo Metro Namboku Line)

Land: 1,539.87 sq. meters

Floor area: 2,384.76 sq. meters

Coverage: 60%

FAR: 300%

Structure: RC / 5 stories

Built in: 1984

Others: Major renovations (e.g. outer walls, waterproofing, painting of steel parts, and paving with asphalt) have been done in August, 2005; residential neighborhood; and educational district (in-between two major universities)

 

 

front

front

 

 

back

back

 

 

seen from afar

seen from afar

 

 

seen from afar 2

seen from afar 2

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Investment property in a popular district of Tokyo

Dear Investors,

 

 

I surveyed an investment property in Nakameguro this afternoon.  The property’s details are as follow.  Nakameguro is becoming more popular than ever before among young people largely because of its proximity to Ebisu and Daikanyama and to fashion boutiques and nice restaurants.

 

 

Type: residence + shop

Location: Nakameguro, Meguro-ku (6-min walk to Nakameguro station of Tokyo Metro Hibiya Line, 12-min walk to Daikanyama station of Tokyu Toyoko Line, & 11-min walk to Ebisu station of JR Yamanote Line)

Land: 153.17 sq. meters

Floor area: 796.09 sq. meters

Structure: SRC / 10 stories

# units: 24

Current operation rate: 100% or 24/24

Annual return: approximately 33,300,000 yen

Price: 470,000,000 yen

 

 

front (ground floor is not shown)

front (ground floor is not shown)

 

 

front 2

front 2

close-up

close-up

 

 

seen from a pubic park

seen from a pubic park

 

 

neighborhood

neighborhood

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Bummer! A piece of advice for international investors keen on investing in Tokyo

Dear Investors,

 

 

Please look our February 4th and 12th blogs – ‘Breaking news! An attractive building in-between Roppongi and Hiroo is now for sale’. 

 

 

a 250,000,000-yen investment property in-between Roppongi & Hiroo

a 250,000,000-yen investment property in-between Roppongi & Hiroo

 

 

This property has just been sold and is no longer available for purchase.  Moreover, it has taken only two weeks for the property to sell.  The cliche ‘First comes, first served’ applies perfectly. 

 

 

Real estate in Minato-ku is hot, although Japanese economy has been sluggish.  Many investors keep an eye on what is going on with real estate in Minato-ku and jump onto good investment opportunities as soon as they appear on the market.

 

 

Because we don’t want you to miss out with good opportunities, we strongly recommend that you be prepared and know when to jump onto such opportunities.  For you to be able to move swiftly when the time comes, we also recommend that you prepare all necessary documents for lenders you are going to use and that you set your own criteria for purchase in advance.

 

 

You probably find what has just been stated basic.  But basics are often forgotten.

 

 

We are looking forward to the opportunity to serve to you.

 

 

Best regards,

 

 

Minato Asset Management

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Interesting investment property in Kanda 2

Dear Investors,

 

 

I saw another interesting investment property in Kanda yesterday.   Actually, it is in-between Kanda and Akihabara. 

 

 

Current occupants: restaurant and office

Location: Kandasudacho, Chiyoda-ku, Tokyo  (1-min walk from Iwamotocho station of Metro Shinjuku Line, 5-min walk from JR Kanda station & 5-min walk from JR Akihabara station)

Land: 55.57 sq. meters

Floor area: 237.31 sq. meters

Structure: RC / basement + 5 stories

 

Built in: 1978

Current operation: 4/5 (will be 2/5 in March)

Estimated annual return: 7,380,000 yen

Others: on the southwest corner of Iwamotocho Crossing, On Yasukuni Street, a landmark, in-between a police box and a post office,

Price: 120,000,000 yen

 

 

front

front

 

 

seen from afar

seen from afar

 

 

entrance

entrance

 

 

seen from Iwamotocho Crossing (notice a drawing of a cute dog)

seen from Iwamotocho Crossing (notice a drawing of a cute dog)

seen from afar

seen from afar

 

 

 Although two more floors may be available in March, you should be able to find new occupants easily largely due to the property’s good location, in particular, proximity to Kanda and Akihabara.

 

Many industries will be interested in this location.

 

 

Best regards,

 

 

Minato Asset Management

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Interesting investment property in Kanda

Dear Investors,

 

 

I surveyed an investment property in Kanda this afternoon.  Kanda stn is in-between Tokyo stn and Akihabara stn.  Its details are as follow:

 

 

Current use: shop, office, + residence

Location: 3, Kandakajicho, Chiyoda-ku, Tokyo (3-min walk to JR Kanda station & 1-min walk to Metro Ginza stn)

Land: 37.38 sq. meters

Floor area: 170.28 sq. meters

Coverage:  80%

FAR: 600%

Structure: steel / 6 stories

Built in: 1989

Annual return (estimation): 4,930,000 yen

Price: 79,800,000 yen

Others: a 2-bedroom apartment (= 81.7 sq. meters) from 4F to 6F, the whole block (= about 2,100 sq. meters) on which the property stands may be a subject of land development

 

 

front

front

 

 

close-up view

close-up view

 

 

seen from afar

seen from afar

 

 

neighborhood (JR Kanda station is seen at the end)

neighborhood (JR Kanda station is seen at the end)

 

 

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

 

 

Best regards,

 

 

Minato Asset Management

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Multi-purpose investment property in downtown Tokyo

Dear Investors,

 

 

We found an interesting investment property in Koiwa of Katsushika-ku.  Its details are as follow:

 

 

Location: Higashishimkoiwa, Katsushika-ku, Tokyo (8-min walk from Shimkoiwa station of JR Sobu Line)

Current use: shop, work place, and residence

Land: 300.82 sq. meters

Floor area: 537.2 sq. meters

Coverage: 80%

FAR: 300%

Structure: RC / 3 stories

Year Built: 1988

Price: 162,000,000 yen

Other features: 1F – shop + work place / 2F – office + 2-bedroom apartment / 3F – 2-bedroom + 2-tatami + play room apartment + roof balconies

On a busy shopping street, parking for 2 cars, indoor elevator

 

 

In our view, this property is interesting because it comes with a large piece of land.   The building is well maintained and is in a good condition.

 

 

front

front

 

 

front 2

front 2

 

 

seen from afar

seen from afar

 

 

front (close-up)

front (close-up)

 

 

corridor to main entrance

corridor to main entrance

 

 

neighborhood

neighborhood

Shimkoiwa station (JR Sobu Line)

Shimkoiwa station (JR Sobu Line)

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Breaking news! An attractive building in-between Roppongi and Hiroo is now for sale 2

Dear Investors,

 

 

We surveyed an interesting property on a prime location of Tokyo last week.   Please check our last blog for details.

 

 

a building on a prime location of Tokyo

a building on a prime location of Tokyo

 

 

 

a building in-between Roppongi and Hiroo

a building in-between Roppongi and Hiroo

 

 

 

front

front

 

 

 

front 2

front 2

 

 

 

As mentioned in the previous blog, this location is and has always been one of the most sought-after areas in Tokyo.   International or Japanese families long to live this particular area of Tokyo largely because it has proximity to foreign embassies, first-class educational institutions, international grocery stores, a park, a public library, and  bustling commercial districts of Roppongi and Azabujuban. 

 

 

In other words, for many house seekers in Tokyo, it is a our-dream-come-true opportunity.  

 

 

Although the property’s yield is not so high, you can expect a stable cash-flow from rental units because there has always been and will always be high demand for residence or business.    And it is worthwhile to consider the property for a hub for your business because the area is well connected with the rest of Tokyo with Tokyo Metro Hibiya Line and Metro Oedo Line.

 

 

We hope you will consider this property for investment and/or residence.  Please let us know, if you are interested in it.

 

 

Best regards,

 

 

Minato Asset Management

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Breaking news! An attractive building in-between Roppongi and Hiroo is now for sale

Dear Investors,

 

A building consisting of shop (1F), office (2F&3F), and residence (4F, 5F, & 6F) in-between Roppongi and Hiroo has just come out on market for sale.  Its details are as follows:

 

 

Type: shop, office, + residence

Location: 3, Nishiazabu, Minato-ku, Tokyo (7-min walk from Hiroo station of Metro Hibiya Line & 10-min walk from Roppongi station of Metro Hibiya Line)

Land: 118.60 sq. meters

Floor area: 454.09 sq. meters

Structure: RC / 6 stories

Coverage: 60% / 80%

FAR: 300% / 400%

Current tenants: 1F (Japanese noodle shop) – 380,000 yen/month, 2F & 3F (office) – @260,000 yen/month

Price: 250,000,000 yen

Others: within walking distance of Roppongi, Hiroo, and Azabujuban; the most sought-after location, in the vicinity of Arisugawa Park, Aiiku Hospital (= a maternal & child care center), embassies, National Azabu (international grocery store), and Meidiya (international grocery store)

 

floor plan – a 250,000,000-yen building in-between Hiroo and Roppongi

 

We will update you about this property because some features of it are still unknown.

 

 

This property may be sold quickly and disappear from the market soon because it is in the middle of the most sought-after location of Japan. 

 

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

 

 

Best regards,

 

 

Minato Asset Management

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