Thursday, September 24th, 2009
Dear International Investors,
I surveyed an investment property in Shinjuku with my client this afternoon. Its specifications are as follows:
Price: 68,000,000 yen
Location: Yaraicho, Shinjuku-ku, Tokyo (5-min walk to Kagurazaka station (Tokyo Metro Tozai Line) or 4-min walk to Ushigomekagurazaka station (Tokyo Metro Oedo Line))
Land: 42.84 sq. meters
Floor area: 131.57 sq. meters
Structure: RC / 5 stories
Built in: 1972
Kagurazaka is a very historical place of Tokyo. The town would probably remind you of what you have seen in paintings and movies about Tokyo in medieval times. It has always been busy with retail and restaurant industries. And, its major shopping street is always bustling with people from all generations and nationalities. Many people want to have their own shop on the main street of Kagurazaka. However, because there is always huge demand for real estate along the street, the value of real estate in Kagurazaka is high.
The investment property is on a street off of the major street of Kagurazaka. Relatively, it is in a quiet place. Yet, there is and will always be foot traffic. Kagurazaka is within a walking distance of major JR stations, such as, Iidabashi, Ichigaya, and Yotsuya.
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