|Land with existing structure (house)
Nakaochiai, Shinjuku-ku, Tokyo
This pre-war home in Shinjuku is one of the first homes to be built in the Mejiro Bunka-mura subdivision which was developed in the 1920s.
The house is just one of a very small number of the original homes built in the 1920s and 1930s. As much as 70% of the Bunka-mura neighbourhood was destroyed during air raids in 1944 and 1945, while urban development in recent decades saw the demolition of any other old residences. Today there is very little evidence of the pre-war neighbourhood, although a very small number of old residences and buildings remain.
Although the age is unknown, the Taisho-Modern style house could potentially be 90+ years old.
The property is being sold as land only, with the house to be included as-is. No value has been placed on the house as it is expected a buyer will demolish it to build a new one.
The 176 sqm block of land fronts onto a 5.3 meter wide public road on the south-west side. This is a generous road width for a residential neighborhood, as typical roads tend to be no more than 4 meters wide.
The land is zoned as a Category I Exclusively Low-Rise Residential Zone. Building heights in this zone are capped at 10 ~ 12 meters. Maximum allowable building sizes are also relatively low in this neighbourhood, with maximum footprints of 50% of the land and maximum total floor area of 100% of the land size. This means that the maximum house size on a 100 sqm block of land , for example, could have a maximum size of 50 sqm per floor and no more than 100 sqm of living area aboveground.
It is a 6 minute walk from the Oedo subway line, which is 24 minutes direct to Roppongi Station and 14 minutes direct to Shinjuku.
About the Mejiro Bunka-mura Village:
This old neighbourhood includes includes the majority of Naka-Ochiai 3 and 4, part of 1 and 2 Chome, and part of Nakai 2 Chome and Nishi-Ochiai 1 Chome.
In 1914, Yasujiro Tsutsumi, founder of the Seibu group, purchased 8,800 square meters of land in Shimo-Ochiai from the Udagawa Family – a local landowner. Over the following years Tsutsumi continued to buy up large land parcels from wealthy landlords. He also took up residence in Shimo-Ochiai and shifted his business operations to the area.
After amassing a large share of land, he began sales of luxury housing lots in the Mejiro Bunka-mura subdivision in the 1920s and 1930s. House lots were offered in several stages over the years. This house is located in the first subdivision to be opened.
Typical house designs featured European-style exteriors with a blend of Japanese and western-style interiors. Electricity cables were originally buried underground. It was only after the WWII bombings that the underground cables were replaced with above-ground electricity poles.
The population in this area surged after the Great Kanto earthquake of 1923, as displaced residents from central Tokyo moved to safer and less damaged areas.
In 1927, Seibu opened Shimo-ochiai Station, making access a lot more convenient. In 1935, the neighbourhood was sliced in half by the completion of Yamate-dori Avenue. It was further sliced up in 1967 when Shin-Mejiro-dori Avenue was completed.
The Standard Land Price at a nearby survey site in 2016 was up 2.25% in 2016, the fourth year in a row to see a year-on-year increase in values . Standard Land Prices are reported by local governments annually and provide a guide to movements in land prices. They do not necessarily reflect actual market prices.
|3-18 Naka-Ochiai, Shinjuku-ku, Tokyo||
|Type:||Land with existing structure (house)|
|Land size (Registered):||176.46 sqm (Freehold)|
|Road:||5.3 meter wide public road on south-west side;
5.3 meter wide public road on north-west side.
|Road frontage:||Approx. 8.9 meters|
|Zoning:||Category I Exclusively Low-Rise Residential Zone|
|Building footprint ratio:
|Floor area ratio:
|Delivery:||To be negotiated|
|Brokerage fee:||3% + 60,000 Yen + consumption tax, charged to buyer.|
|*Inspection by advance appointment only.
*Property to be sold in its current ‘as-is’ condition with no warranty to be placed on the structure.
*Land size is registered size and may differ from actual measured size.
*Category I Height Control District.
|Last updated:||June 19, 2017.||Next update (scheduled):||July 3, 2017.|
|MAKE AN INQUIRY|
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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.