The Upper Residences at Minami-Aoyama 2F

1-Bedroom + 1 Bathroom, 77.83 sqm
Minami Aoyama, Minato-ku, Tokyo
129,800,000 Yen
(1,668,000 Yen/sqm)
 ABOUT

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).

 LOCATION
Address: Transport:
  5-4-19 Minami Aoyama, Minato-ku, Tokyo
  • Omotesando Station – 6 min walk
    (Chiyoda, Ginza, Hanzomon Lines)
Area Guide:
  • Nezu Museum: 240 meters
  • Prada Boutique: 300 meters
  • Kotto Dori Street: 100 meters
  • Taro Okamoto Memorial Museum: 110 meters
  • Blue Note Jazz Club: 250 meters
  • Kinokuniya Supermarket: 600 meters
  • Omotesando Intersection: 550 meters
  • Omotesando Hills: 950 meters
 FLOORPLAN

The Upper Residences Minamiaoyama 2F Floorplan

 DETAILS
Type: 1-Bedroom Apartment
Size: 77.83 sqm (837 sq.ft)
Balcony: 5.13 sqm (55 sq.ft)
Floor: 2F
Construction: 7-storey + 1 Basement, Reinforced concrete
No. of apartments: 41 (includes 3 retail spaces and 2 storage spaces)
Built: April 1992
Earthquake standards: Shin-Taishin (New code) (what does this mean?)
Developed by:
Constructed by: Takenaka Corporation
Managed by: Mitsui Fudosan Residential Service
Land size: 2,743.04  sqm
Land ownership: Freehold
Car parking: From 38,000 ~ 88,000 Yen/month (subject to availability)
Pets: Negotiable (some restrictions apply)
Monthly building fees:
Management: 21,380 Yen
Repair fund: 14,490 Yen
Other*:
TOTAL: 35,870 Yen
Transaction details:
Status: Vacant
Delivery: To be negotiated
Transaction type: Brokerage
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: April 21, 2017. Next update (scheduled): May 12, 2017.
 MAKE AN INQUIRY

To inquire about this property please fill in the form below:






*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.

Disclaimer:
All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
All care has been taken in preparing this floor plan, however the accuracy is not guaranteed and no liability will be accepted for any reliance placed upon it. In the event of any conflict between the floor plan and actual conditions, the latter shall prevail. Dimensions are approximate.