Thursday, August 6th, 2009
I have just visited an interesting investment building. It is in Kita-ku of Tokyo. Also, it is just 3-min walk from JR (=Japan Rail) Oji station. On average, more than 60,000 people use Oji station a day.
Oji has good access to other major areas of Tokyo. Major JR stations in Tokyo are comfortably connected to Oji station – Tokyo (19 mins), Ikebukuro (17 mins), and Shinagawa (30 mins) .
I hope this information will provide you the opportunity to consider investment with Tokyo property.
The following data are of the investment building in Oji.
Name: Oji OJ Building
Location: 1, Oji, Kita-ku, Tokyo
Price: approx. 150,000,000 JPY — to be negotiated
Current annual revenue: approx. 20,000,000 JPY (for 12 units + current operation rate 100%)
Land restrictions: 80% (coverage), 600% (FAR)
Structure: RC / 9 stories
Completion: July, 1972
Floor area: 669.83 sq. meters
Transportation: 3 mins walk from Oji station