|Apartment Building + Land
Minamiazabu, Minato-ku, Tokyo
This is 3-unit, 4-storey apartment building in the Minamiazabu 1 Chome neighbourhood near Azabujuban Station.
The steel-frame building was completed in May 2016 and the three studio apartments are currently leased to tenants. The building is a ‘Hebel Maison’ brand built by Asahi Kasei.
The current gross rent is 337,000 Yen/month (including 9,000 Yen in maintenance fees charged to tenants and a 27,000 Yen fee charged for the car park), which results in a gross yield of approximately 3.2%. (NOTE: Current rent and gross yield is not a guarantee of future achievable rent or yield).
The land fronts onto a 4.0 meter wide public road on the west side and has a street frontage of approximately 4.2 meters. The land is zoned as a Quasi-Industrial Zone.
|1-10-7 Minamiazabu, Minato-ku, Tokyo||
|Type:||Apartment Building + Land|
|Land size (Registered):||47.22 sqm (Freehold)|
|Building size*:||103.15 sqm (1,110 sq.ft)|
|Construction:||4-storey, Steel frame|
|Road:||4.0m wide public road on west side|
|Road frontage:||Approx. 4.2 meters|
|Building footprint ratio:
|Floor area ratio:
|Annual gross rent (current):||4,044,000 Yen|
|Annual estimated costs:|
|Gross yield (current):||3.2%|
|*Inspection not possible while occupied by tenants. Buyer must honour terms of original rental leases.
*Building size based on construction permit and may differ from registered size for tax purposes.
*Building size includes car parking space and building common areas of 52.06 sqm.
*Special use district (special industrial district).
*No bicycle parking.
|Last updated:||May 25, 2017.||Next update (scheduled):||June 8, 2017.|
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*Japan Property Central, K.K. is a fully licensed real estate agency. We are able to assist buyers with the purchase of this property or similar ones. Our fees to buyers are 3% + 60,000 Yen + consumption tax.
Transaction type: Brokerage.