|1-Bedroom + 1 Bathroom, 77.83 sqm
Minami Aoyama, Minato-ku, Tokyo
The Upper Residences at Minami-Aoyama is a 7-storey apartment building located in the trendy Omotesando district. It was originally built in 1992 as expat-style rental-only apartments. The building acquired by TSM Asset Management in 2013 with renovations and interior renovations carried out in 2013~2014. As tenants began to move out, the apartments were offered for sale.
The 41-unit building was constructed by Takenaka Corporation – one of Japan’s top construction giants.
The Minami Aoyama 5 Chome address is home to just 632 households and 1,334 residents. Residential buildings in this area are predominantly low-rise, with a mixture of houses, condominiums and rental-only apartment buildings. Further up the street from The Upper Residences is ‘The Parkhouse Gran Minami Aoyama’ which was completed in August 2016. The Parkhouse building sold-out prior to completion with an average of 9.6 applications made per apartment offered for sale. When new, apartments were priced from 150 ~ 770 million Yen (average price of 2,300,000 Yen/sqm).
This is a 1-Bedroom apartment on the 2nd floor. It is east facing. The interior has not been renovated.
This estimated rent is approximately 350,000 Yen/month, which could result in a gross yield of approximately 3.23%. (NOTE: This is not a guarantee of actual achievable rent or yield now or in the future.)
The land ownership share for this apartment is approximately 41.70 sqm.
The building is managed by Mitsui Fudosan Residential Service. On-site car parking can be rented from 38,000 ~ 88,000 Yen/month (subject to availability).
|5-4-19 Minami Aoyama, Minato-ku, Tokyo||
|Size:||77.83 sqm (837 sq.ft)|
|Balcony:||5.13 sqm (55 sq.ft)|
|Construction:||7-storey + 1 Basement, Reinforced concrete|
|No. of apartments:||41 (includes 3 retail spaces and 2 storage spaces)|
|Earthquake standards:||Shin-Taishin (New code) (what does this mean?)|
|Constructed by:||Takenaka Corporation|
|Managed by:||Mitsui Fudosan Residential Service|
|Land size:||2,743.04 sqm|
|Car parking:||From 38,000 ~ 88,000 Yen/month (subject to availability)|
|Pets:||Negotiable (some restrictions apply)|
|Monthly building fees:|
|Repair fund:||14,490 Yen|
|Delivery:||To be negotiated|
|Brokerage fee:||3% + 60,000 Yen + consumption tax, charged to buyer.|
|*Inspection by advance appointment only.
*Land size includes share of private road.
|Last updated:||July 21, 2017.||Next update (scheduled):||August 4, 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.