ROPPONGI HILLS RESIDENCE
¥368,000,000 (approx. 3.3 million USD)
Potential rent: approx. 900,000 ~ 950,000 Yen/month
This is a sought-after three bedroom corner apartment on the 19th floor in Roppongi Hills Residence B – the 43-storey tower. The Roppongi Hills Residences form part of the internationally-renowned Roppongi Hills complex in the center of Tokyo, which includes a 238m tall office tower, a variety of restaurants and cafes, a high-end retail mall, the Grand Hyatt Hotel, the TV Asahi studio, and the Louis Vuitton, Tiffany and Escada boutiques.
The developer, Mori Building, spent 17 years getting the various land parcels and landowners together in order to start the project. Since it’s completion in 2003, Roppongi Hills has been considered one of the most desirable places to live, work and play in the country, and has attracted some of Japan’s most elite business people and celebrities as residents.
Residents can enjoy a rooftop party room, bilingual concierge desk, and may elect to join the on-site Roppongi Hills Spa & Gym. Of the 793 apartments in the four residential buildings, less than half are owned by private individuals, with the remainder held by Mori Building and available for rent only. All apartments in Residence C, for example, are rental only. When the residences were first completed, the apartments were never offered for sale. Instead, several hundred were given to original landholders, with Mori keeping the rest for rent.
Apartment resale values in this complex have remained relatively high over the past 14 years. In early 2016, a 2-story penthouse was listed for sale for 4,420,000 Yen/sqm. In the current market, apartments on non-penthouse floors range in price from 2,500,000 ~ 3,500,000 Yen/sqm (2,100 ~ 2,940 USD / sq ft) depending on floor height and apartment size.
This is the only three bedroom apartment currently for sale in the entire Roppongi Hills complex, and is also the largest apartment on the market. It has views to the west (Mt. Fuji direction) and north, two balconies, a master bedroom with walk-in closet, and a separate guest toilet. It has great potential for a contemporary renovation, but can also be used in its current condition.
Other current sale listings in Roppongi Hills:
B-40F / 1-Bedroom / 109.29 sqm / 380,000,000 Yen (3,477,000 Yen/sqm) – Vacant
B-28F / 2-Bedroom / 104.44 sqm / 310,000,000 Yen (2,968,000 Yen/sqm) – Leased to a tenant
B-15F / 1-Bedroom / 64.56 sqm / 180,000,000 Yen (2,788,000 Yen/sqm) – Leased to a tenant
D-7F / 2-Bedroom / 79.13 sqm / 199,800,000 Yen (2,525,000 Yen/sqm) – Vacant
Renovations can typically cost between 200,000 ~ 400,000 Yen/sqm depending on materials used and the architectural company.
: 19F (43 storey building)
: 3 Bedroom Apartment
: April 2003
: 116.00 m2 (1,248 sq ft)
: 114,032 Yen/month
: 11.37 m2 (122 sq ft)
Roppongi Station (Hibiya, Oedo Lines): 5 minute walk
Azabu Juban Station (Namboku, Oedo Lines): 8 minute walk
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All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
All care has been taken in preparing this floor plan, however the accuracy is not guaranteed and no liability will be accepted for any reliance placed upon it. In the event of any conflict between the floor plan and actual conditions, the latter shall prevail. Dimensions are approximate.
* Transaction type: Brokerage.
* Brokerage fees: 3% + 60,000 Yen + consumption tax, charged to the buyer.
* 1 USD / 110.63 JPY as at July 28, 2017.
* Please understand that the property may have sold since publication.
* Potential rent is provided as a general guide only and is not a guarantee of actual achievable rent now or in the future.