{"id":2174,"date":"2010-08-04T18:37:44","date_gmt":"2010-08-04T09:37:44","guid":{"rendered":"https:\/\/blog.realestate-minato.com\/?p=2174"},"modified":"2010-08-04T18:55:47","modified_gmt":"2010-08-04T09:55:47","slug":"high-yield-commercial-property-with-a-shop-of-the-worlds-famous-fast-food-chain","status":"publish","type":"post","link":"https:\/\/blog.realestate-minato.com\/?p=2174","title":{"rendered":"High-yield commercial property with a shop of the world&#8217;s famous fast-food chain"},"content":{"rendered":"<p>Dear Investors:<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Let us introduce you the following investment property:<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Type: commercial<\/p>\n<p>Address: 6, <a title=\"Ikegami Honmonji\" href=\"https:\/\/honmonji.jp\/foreign\/en.html\" target=\"_blank\">Ikegami<\/a>, <a title=\"Ota-ku\" href=\"https:\/\/en.wikipedia.org\/wiki\/%C5%8Cta,_Tokyo\" target=\"_blank\">Ota-ku<\/a>, Tokyo (1-min walk from Ikegami station of <a title=\"Tokyu Ikegami Line\" href=\"https:\/\/en.wikipedia.org\/wiki\/T%C5%8Dky%C5%AB_Ikegami_Line\" target=\"_blank\">Tokyu Ikegami Line<\/a>)<\/p>\n<p>Land: 62.44 square meters<\/p>\n<p>Floor area: 291.09 square meters<\/p>\n<p>Structure: Steel Reinforced Concrete \/ 5 stories above the ground + 1 story underground<\/p>\n<p>Year built: 1979<\/p>\n<p>Coverage: 80%<\/p>\n<p>FAR: 500%<\/p>\n<p>Current operation ratio: 5\/6<\/p>\n<p>Current annual return: 11,916,000 yen<\/p>\n<p>Asking price: 142,000,000 yen<\/p>\n<p>Yield: 9.1 %<\/p>\n<p>Others: Basement (karaoke bar); 1, 2, 5F (KFC); 3F (vacant); and 4F (mahjong salon)<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_2175\" aria-describedby=\"caption-attachment-2175\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-036.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-2175\" title=\"a commercial building next to Ikegami station\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-036-300x225.jpg\" alt=\"a commercial building adjacent to Ikegami station\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-036-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-036-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-036.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-2175\" class=\"wp-caption-text\">a commercial building adjacent to Ikegami station<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_2176\" aria-describedby=\"caption-attachment-2176\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-052.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-2176\" title=\"a commercial building next to Ikegami station\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-052-300x225.jpg\" alt=\"KFC is renting 1, 2, and 4F of a 5-story building\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-052-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-052-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-052.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-2176\" class=\"wp-caption-text\">KFC is renting 1, 2, and 4F of a 5-story building<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_2177\" aria-describedby=\"caption-attachment-2177\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-049.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-2177\" title=\"a commercial building next to Ikegami station\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-049-300x225.jpg\" alt=\"a close-up view\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-049-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-049-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-049.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-2177\" class=\"wp-caption-text\">a close-up view<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Ikegami is a temple town in the center of Ota-ku which is southmost ward of Tokyo 23 wards.\u00a0 <a title=\"Haneda Airport\" href=\"https:\/\/www.tokyo-airport-bldg.co.jp\/en\/\" target=\"_blank\">Haneda Airport <\/a>is in east of Ota-ku.\u00a0 Ikegami station is in-between <a title=\"Gotanda\" href=\"https:\/\/en.wikipedia.org\/wiki\/Gotanda\" target=\"_blank\">Gotanda<\/a> and <a title=\"Kamata\" href=\"https:\/\/ja.wikipedia.org\/wiki\/%E8%92%B2%E7%94%B0\" target=\"_blank\">Kamata<\/a>.<\/p>\n<p>\u00a0<\/p>\n<p>It will be interesting to watch how much the real estate\u00a0 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.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Renovation costs might be a drawback for purchase of the property.\u00a0\u00a0 That is, the property will need extensive renovation when it is possessed by a new owner.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_2183\" aria-describedby=\"caption-attachment-2183\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-047.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-2183\" title=\"a commercial building next to Ikegami station\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-047-300x225.jpg\" alt=\"a staircase and a hand railing needing renovation\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-047-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-047-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2010\/08\/20100804e892b2e794b0e5ba97e88897efbc8be6b1a0e4b88ae4b880e6a39fe5a3b2e3828ae9a785e5898de38393e383ab-047.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-2183\" class=\"wp-caption-text\">a staircase and a hand railing needing renovation<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>Please let us know, if you are interested in the property.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Best regards,<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Minato Asset Management<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear Investors: \u00a0 \u00a0 Let us introduce you the following investment property: \u00a0 \u00a0 Type: commercial Address: 6, Ikegami, Ota-ku, Tokyo (1-min walk from Ikegami station of Tokyu Ikegami Line) 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: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[184,3,4,561],"tags":[579,639,188,96,640,9,227,536,384,515,643,644,642,637,159,636,314,247,641,6,638,289],"class_list":["post-2174","post","type-post","status-publish","format-standard","hentry","category-ota-ku","category-tokyo-real-estate-market","category-tokyo-real-estate-view","category-yokohama-city","tag-bar","tag-gotanda","tag-haneda-air-port","tag-high-yield","tag-ikegami","tag-investment","tag-investment-property-in-tokyo","tag-kamata","tag-karaoke","tag-kawasaki","tag-kfc","tag-mahjong","tag-musashikosugi","tag-ota","tag-real-estate-investment","tag-return","tag-src","tag-suburb","tag-temple","tag-tokyo","tag-tokyu-ikegami-line","tag-yokohama"],"_links":{"self":[{"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/posts\/2174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2174"}],"version-history":[{"count":12,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/posts\/2174\/revisions"}],"predecessor-version":[{"id":2190,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/posts\/2174\/revisions\/2190"}],"wp:attachment":[{"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}