A hub of restaurants and bars by a major train station is now for sale

Dear Investors:



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

Zoning: Commercial

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

Yield: 9%





 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.



Best regards,



Minato Asset Management

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Posted in Suginami-ku, Tokyo real estate market, Tokyo real estate view

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