Are you looking for real-estate for sale in Japan?

Dear Investors:

 

 

Let us introduce you the following investment property:

 

 

Type: commercial

Address: 6, Ikegami, Ota-ku, 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

Coverage: 80%

FAR: 500%

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)

 

 

 

 

 

 

 

 

Ikegami is a temple town in the center of Ota-ku which is southmost ward of Tokyo 23 wards.  Haneda Airport is in east of Ota-ku.  Ikegami station is in-between Gotanda and Kamata.

 

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.

 

 

Best regards,

 

 

Minato Asset Management