|1 Bedroom + 1 Bathroom, 53.15 sqm|
Roppongi, Minato-ku, Tokyo
The Roppongi Hills Residence is considered one of top addresses in Japan. It is part of the Roppongi Hills complex which includes the Roppongi Hills Mori Tower office building, the Grand Hyatt Hotel, TV Asahi and a selection of designer boutiques including Louis Vuitton and Armani at your doorstep.
The residences are home to Japan’s top celebrities and CEOs.
The complex includes two high-rise towers – Residences B and C, a serviced apartment building (Residence D), and a low-rise residential building (Residence A). Of the 793 apartments in the complex, less than half are owned by private individuals, with the rest owned and available for rent-only through Mori Building. Residence C is 100% rental only and apartments cannot be purchased, while Residences A, B and D have a mix of privately owned and rental-only units.
This is a 1-Bedroom apartment on the 10th floor in Residence D, which is the 18-storey serviced apartment building. The 10th floor is the highest floor for condominium-style apartments, with the higher floors containing rental-only units that are owned and managed by Mori Building.
The apartment is south facing, which means it gets sunlight all throughout the day. During the hot summer months, the sun is directly overhead, which means less direct sun into the apartment, while the colder winter months see the sun lower in the sky and more sunlight into the apartment. South-facing apartments are generally more desirable in Japan for both buyers and tenants.
The apartment has a kitchen with dishwasher, carpeting, a spacious balcony with wood decking, and several closets.
The estimated market rent for this apartment is around 340,000 ~ 350,000 Yen/month, which could result in a gross yield of around 2.4 ~ 2.5%, which is the typical yield for apartments in the Roppongi Hills complex. Note: Rent and yield is provided as a general guide only and is not a guarantee of actual achievable rent now or in the future. As of March 2018, the vacancy rate in Roppongi Hills Residence was 2.1%.
The land ownership share for this apartment is approximately 7 sqm.