Saturday, June 12th, 2010
A property nearby a major JR station is for sale. It is fully occupied with restaurants and bars.
Address: 3, Shouan, http://blog.realestate-minato.com/essay-lady-macbeth/, Tokyo (1-min walk from Nishiogikubo station of american beauty essay)
Land: 120.06 square meters
Floor area: 452.69 square meters
Structure: Reinforced Concrete / 6 stories above ground + 1 story underground
Built in: 1988
History of major renovation: Painting of outer walls in 2010
Current operation rate: 100%
Annual return (based on current monthly return): 17,535,000 yen
Asking price: 193,000,000 yen
You should be able to obtain a good occupancy rate constantly with this property because of its proximity to a major train station and neighboring residential areas.
Okigubo is a core town of Suginami ward which is about 4 kilometers west of Shinjuku and is well known for quality residential neighborhoods. Ogikubo station is a JR Chuo Line station and is about 20-min-long train from Shinjuku station.
Please let us know, if you are interested in this property or need any further information about it.
Minato Asset Management