Park Homes Minamiazabu The Residence (Leasehold)

Average price: 1,300,000 Yen/sqm
Size range: 48.28 ~ 80.83 sqm (519 ~ 870 sqft)

Area: Minamiazabu, Minato-ku

 ABOUT

This is a fixed-term leasehold property. The lease on the land expires in 2067, by which time the building must be demolished and returned to the landowner.  It is not possible to renew the lease. Apartment owners must pay a monthly land rent to the landowner. This land rent may be adjusted every three years. Apartment owners must also pay a monthly fee which goes towards the fund to demolish the building in the future.

Resident features include concierge, guest suite, function room, lounge and study.

When new, apartments were priced from 43 ~ 66.4 million Yen, with an average price of around 865,000 Yen/sqm. By June 2013, all new apartments had sold out.

 LOCATION

2-3 Minamiazabu, Minato-ku, Tokyo

Azabu Juban Sta. – 7 mins
Shirokane Takanawa Sta. – 9 mins
Mita Sta. – 15 mins
Tamachi Sta. – 16 mins
Hiroo Sta. – 19 mins

 BUILDING DETAILS
Completion: October 2013
No. of units: 336
Construction: 14 Stories
Construction Company: Shimizu Corporation
Developer: Mitsui Fudosan Residential
Carparking: 35,000 ~ 65,000 Yen/month
Land size: 105 spaces (32,000 ~ 39,000 Yen/month)
Land ownership: Fixed term leasehold (expires in 2067)
 IMAGES

Park Homes Minamiazabu The Residence 2

Park Homes Minamiazabu The Residence Interior 1

Park Homes Minamiazabu The Residence Interior 2

Park Homes Minamiazabu The Residence Interior 3

Park Homes Minamiazabu The Residence 3

 FLOOR PLANS
^ #909 1-Bedroom 54.91 sqm + 13.74 sqm balcony.
^ #525 2-Bedroom 63.13 sqm + 14.82 sqm balcony.
^ #214 3-Bedroom 77.27 sqm + 15.50 sqm balcony.
 APARTMENTS PREVIOUSLY LISTED FOR SALE

The following is a list of apartments that were listed for sale in the past, or that have sold. Please understand that these apartments may no longer be available for sale.

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