Monday, August 10th, 2009
Dear international investors,
I saw an about-290,000,000-yen apartment building in Ichikawa on the other day. Ichikawa is a Tokyo’s satellite city with a high population growth. As of August 1st, 2009, Ichikawa’s population is 219,279.
You may think that Ichikawa is far from Tokyo. But it is conveniently connected to central parts of Tokyo. For example, from Tokyo station to Ichikawa is only 18 mins by JR; from Nihombashi station to Minamigiyotoku station 19 mins by Metro Tozai Line.
Moreover, Minamigyotoku station is just one stop from Urayasu station which is a gateway to Tokyo Disney Land which has been commercially successful and been very popular not only among Japanese families but also among international tourists.
Specifications are as follows:
Price: approx. 290,000,000 yen
Location: Kakemama, Ichikawa
Transportation: 8-min walk to Minamigiyotoku station (Tokyo Metro Tozai Line)
Structure: RC / 4 stories
Land: 399.78 sq. meters
Total Floor Area: 784.26 sq. meters
Land restrictions: 60% (coverage) & 200% (FAR)
Built in: 1987
Monthly revenue: approx. 1,900,000 yen
Deposit: approx. 4,000,000 yen
Tax (2007): 1,007,600 yen (for land + building)
Appraisal (2007): 73,039,806 yen (for land) & 49,742,474 yen (for building)