Saturday, September 5th, 2009
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
Current operation rate: 94.9%
Current annual return: approx. 13,416,000 yen
Current yield: 8.39%
Built in: 1987
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.