Saturday, January 9th, 2010
An interesting investment property is for sale. Its details are as follows:
Type: commercial building (restaurant, bar, & office)
Location: http://blog.realestate-minato.com/satistics-paper/, as i lay dying essay (2-min walk to Azabujuban station of school uniforms argumentative essay & Toei dissertation cover page)
Land: 104.92 sq. meters
Floor area: 429.63 sq. meters
Built in: 1990
Structure: Steel / 8 stories
Operation rate: 100%
Annual return: approximately 22,080,000 yen
Annual expenses: approximately 1,497,000 yen
Asking price: 350,000,000 yen
Other: an inspection for asbestos has been conducted (negative)
The property is posting a yield of 6.31% which is not so high. But a high occupancy rate and a high asset value will be surety because it is in central areas of Azabujuban which is a popular commercial district of Tokyo with many first-class restaurants.
Please let us know, if you are interested in this property.
Minato Asset Management