Friday, December 25th, 2009
Dear International Investors,
I surveyed an investment property in essay writing for college studentsyesterday. It is just a minute walk from Kagurazaka station and is on a major street.
Price: 85,000,000 yen
Type: 2-bedroom apartment + shop
Location: Yaraicho, Shinjuku-ku (1-min walk to Kagurazaka station ofpersuasive essay on wearing school uniforms& 8-min walk to Edogawabashi station of Tokyo Metro Yurakucho Line)
Land: 65.46 sq. meters
Building: 106.02 sq. meters
Built in: 1983
Coverage/FAR: 80% / 500%
Annual return: 4,981,440 yen or 5.86%
Others: proximity to Kagurazaka station, a successful French restaurant on 1st floor, an about -20-sq.meter floor area on 1st floor has been created and added by the restaurant and could be removed,
Kagurazaka has been a very popular restaurant district for hunderds of years. It is still bustling with Japanese and international restaurants. Also, it has been famous for printing business much of it, unfortunately, has gone to overseas for cheap costs and labors.
The street to which the property is facing is going to be widened by 8.8 meters to broaden the street to be 20-meter wide. The work was ordered many years ago, but has never been implemented. As of now, it is still unknown when the work will be actualized. If the work is implemented, the property and the widened street will crossover with each other by 40 sq. meters. This public planning may be a bottleneck of the property.