Saturday, December 19th, 2009
Dear International Investors,
I surveyed three investment properties in Bunkyo-ku and Shinjuku-ku this afternoon. They are combinations of residence and retail (or office).
Price: 110,000,000 yen
Location: Koishikawa, Bunkyo-ku (6-min walk to Myogadani station of Tokyo Metro Marunouchi Line)
Land: 74.77 sq. meters
Floor area: 286.10 sq. meters
Structure: RC / 5 stories above ground + 1 story underground
Built in: 1997
Coverage/FAR: 60% / 400%
Price: 64,900,000 yen
Location: Nijiyukkicho, Shinjuku-ku (4-min walk to Ushigomekagurazaka station of Oedo Line)
Land: 43.68 sq. meters
Floor area: 113.5 sq. meters
Structure: Steel / 3 stories above ground + 1 story underground
Built in: 1999
Coverage/FAR: 60% / 160%
Price: 137,000,000 yen
Location: Wasedatsurumakicho, Shinjuku-ku (6-min walk to Waseda station of Tokyo Metro Tozai Line)
Land: 91.9 sq. meters
Floor area: 353.96 sq. meters
Structure: RC / 5 stories above ground + 1 story underground
Built in: 2001
Coverage/FAR: 80% / 400 %
Current Annual Return: 11,359,080 yen
Current Yield: 8.29%
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Posted in Bunkyo-ku, Shinjuku-ku, Tokyo real estate market, Tokyo real estate view, Uncategorized