Saturday, February 27th, 2010
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%
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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