Saturday, July 17th, 2010
Type: office, residence
Address: 4, Sendagaya, Shibuya-ku, Tokyo (4-min walk from JR Sendagaya station of Sobu Line)
Land: 189.15 square meters
Floor area: 549.12 square meters
Floor layout: 1F/ 2 x studio, 2F/office, 3F/office, 4F/ 3-bedroom apartment, 5F/2-bedroom apartment, & 6F/ storage + roof terrace
Built in: 1973
Structure: RC / 6 stories
Annual return: 7,821,000 yen (as of 7/17/2010, only 2F and 3F are rented out)
Asking price: 298,000,000 yen
Others: next to the National Noh Theater, quiet neighborhood, facing south, roof terrace, parking for 2 cars, nice view from the roof terrace, and within a walking distance of 6 train stations (i.e. Sendagaya, Yoyogi, Shinjuku, Harajuku, Kokuritukyogijyo, and Kitasando)
Because the property is distressed with a history of 37 years since its completion, the largest bottleneck for purchase of this property will be mortgage from a lender. And an investor or a buyer will be required to provide much funds.
Location is nice and the value of the land will only increase mostly because of its proximity to major train stations and to pubic parks.
Please let us know, if you are interested in the property.
Minato Asset Management
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