Friday, June 25th, 2010
Dear Investors:
A high-yield apartment building is for sale in a residential neighborhood of need a paper written by a human resources expert.
Type: residential (for families)
Address: 1, Honcho, Toda city, Saitama (8-min walk from magna carta essay station of JR Saikiyo Line)
Land: 1,047.91 square meters
Floor area: 4,897.28 square meters
Structure: Steel Reinforced Concrete / 11 stories above ground + 1 story underground
Coverage: 80%
FAR: 400%
Completion: 1993
Current operation rate: 40/48
Current annual return: 103,071,600 yen (= 12 months x 8,589,300 yen)
Asking price: 1,500,000,000 yen (to be negotiated)
Yield: approximately 6.8%
Others: a nice residential neighborhood north of Tokyo (approximately 30 minutes to Tokyo station by JR), built by a famous construction company
a high-yield apartment bldg. in Saitama
All the units on the building are for families, that is, 2-bedroom and 3-bedroom apartments.
Saitama prefecture’s population is growing because of its proximity not only to Tokyo but also to local parks and greenery.
Please let us know, if you are interested in the property or have any question or need further informationn about it.
Best regards,
Minato Asset Management
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Posted in Toda-shi, Tokyo real estate market, Tokyo real estate view