Tuesday, February 2nd, 2010
I saw another investment property in Higashinakano on Saturday. Its details are as follow:
Type: retail + residence
Location: Higashinakano, Nakano-ku, Tokyo (3-min walk from Higashinakano station of JR Sobu/Chuo Line)
Land: 151.41 sq. meters
Floor area: 571.38 sq. meters
Structure: RC / 5 stories
Year built: 1973
Coverage: 80%
FAR: 400%
Annual return: 17,945,148 yen (@operation rate of 100%)
Current operation rate: 75% or 9/12
Price: 218,000,000 yen
Other: Major renovations (e.g. painting of outer walls, waterproofing of roof, and painting of metal parts in common areas) has been carried out in 1997
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Posted in Shinjuku-ku, Tokyo real estate market, Tokyo real estate view