Saturday, December 19th, 2009
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).
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%
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%
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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Thursday, December 17th, 2009
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
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.
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Wednesday, December 16th, 2009
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.
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Tuesday, December 15th, 2009
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.
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Saturday, December 12th, 2009
I surveyed an interesting 5-story commercial building in the west of Ikebukuro which is a popular and growing commercial area of Tokyo.
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.
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.
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Friday, December 11th, 2009
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.
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Friday, December 4th, 2009
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.
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
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Wednesday, December 2nd, 2009
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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Tuesday, December 1st, 2009
Dear international buyers,
I viewed an interesting apartment for sale in Ichigaya (Shinjuku-ku) last week. Its main features are as follows.
Location: Bentencho, Shinjuku-ku, Tokyo (6-min walk to Ushigomeyanagimachi station of Tokyo Subway Oedo Line & 8-min walk to Waseda station of Tokyo Metro Tozai Line)
Price: 34,000,000 yen
Type: 1-bedroom apartment
Size: 40.38 sq. meters
Structure: RC / 12 stories
Built in: 2006
Maintenance Fee: 10,200 yen/month
Repair (reserve): 3,100 yen/month
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Tuesday, November 24th, 2009
Dear International Investors,
We saw a brand-new commercial building in Ginza last week. According to the seller of the building, the seller will consider 1,500,000,000 yen or higher for sales price.
The building is designed for restaurants. In fact, Ginza is full of the world’s first-class restaurants and fashion boutiques. Also, Ginza has been known as the most expensive commercial cite in Japan for a very long time.
Ginza is a ultra popular commercial district of Tokyo. It is popular not only among Japanese people but also international ones. The streets in Ginza are always bustling with tourists and shoppers on weekend.
The building is currently vacant. So you must be wondering if it will be worthwhile to purchase the building. All we can say is that it is worthwhile to consider it for investment opportunities.
Please let us know, if you are interested in it.
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