Wednesday, August 4th, 2010
Let us introduce you the following investment property:
Address: 6, http://blog.realestate-minato.com/online-cv-writing-services/, effects of global warming essay, Tokyo (1-min walk from Ikegami station of Tokyu Ikegami Line)
Land: 62.44 square meters
Floor area: 291.09 square meters
Structure: Steel Reinforced Concrete / 5 stories above the ground + 1 story underground
Year built: 1979
Current operation ratio: 5/6
Current annual return: 11,916,000 yen
Asking price: 142,000,000 yen
Yield: 9.1 %
Others: Basement (karaoke bar); 1, 2, 5F (KFC); 3F (vacant); and 4F (mahjong salon)
It will be interesting to watch how much the real estate value of Ikegami will go up because Ikegami is about 5 kilometers west of Musashikosugi which is more popular than ever before as a suburb of Tokyo and Yokohama with high-rise condominiums.
Renovation costs might be a drawback for purchase of the property. That is, the property will need extensive renovation when it is possessed by a new owner.
Please let us know, if you are interested in the property.
Minato Asset Management