Friday, July 30th, 2010
Let us introduce you the following investment property in Shinjuku-ku.
Address: Shimoochiai, Shinjuku-ku, Tokyo (2-min walk from Shimoochiai station of Seibu Shinjuku Line)
Land: 262.64 square meters
Floor area: 740.92 square meters
Structure: RC / 6 stories
Year Built: 1973
Current operation ratio: 20/21
Current annual return: approximately 20,000,000 yen
Asking price: 198,000,000 yen
Yield: approximately 10%
Others: 21 units + parking (2 lots), 8-min walk from Takadanobaba station (JR & Tokyo Metro Takadanobaba station)
Depending on your qualification, a bank may be able to lend you as much as 150,000,000 yen or so with a repayment period of 15 years or so. The largest bottleneck in borrowing from a lender for this property would be the building’s age (built in 1973) and limited period of time for repayment.
But this means that you should be able to purchase it easily, if only you can inject an adequate amount of down-payment.
Shimoochiai station is 2nd stop from Shinjuku station of Seibu Shinjuku Line.
Please let us know, if you are interested in this property.
Minato Asset Management