attractive investment property in Sumida-ku & Tokyo Sky Tree

Dear International investors,


I went to survey an investment property in Oshiage of Sumida-ku. 


Its main features are as follows.


Type: Apartment Building (total number of units is 14)

Price: 160,000,000 yen

Location: Oshiage, Sumida-ku

Station: 3-min walk to Oshiage station (Tokyo Metro Hanzomon Line)

Land: 138.78 sq. meters

Floor area: 382.28 sq. meters

Structure: RC

Current operation rate: 94.9%

Current annual return: approx. 13,416,000 yen

Current yield: 8.39%

Built in: 1987

Coverage: 80%

FAR: 300%



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investment property in Oshiage











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investment property in Oshiage 2











This northeast-of-Tokyo neighborhood is well connected to other areas by Tokyo Metro Hanzomon Line (e.g. 21 mins to Hanzomon station) and is within a walking distance of Asakusa, Riyogoku, and Kinshicho.



The apartment building itself may be nothing more than an attractive investment opportunity with a good yield.  But the value of the whole neighborhood may change drastically in near future due to Tokyo Sky Tree (about 610 meters tall).


Tokyo Sky Tree is under construction on the other side of Oshiage station and is going to complete in 2011.  Currently, the neighborhood consists mostly of low-rise apartment buildings and some old detached houses.  But it is posting good potentiality because of its proximity to the tower and commercial zones, such as, Asakusa and Kinshicho.


Please let me know, if you are interested in this property.



Tokyo Sky Tree under construction

Tokyo Sky Tree under construction











Tokyo Sky Tree under construction 2

Tokyo Sky Tree under construction 2

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Posted in Sumida-ku, Tokyo real estate market, Tokyo real estate view, Uncategorized

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