18 Jun

Investment Property near Ebisu Station, Net Yield 7%

Written by sato. Posted in Commercial Building, Investment Properties

Ebisu is a very popular neighborhood close to Shibuya in central Tokyo. It offers very convenient access to Roppongi and many other popular destinations via JR Yamanote and Hibiya lines. Together with the trendy neighboring communities of Daikanyama and Hiroo, it has boutiques, vintage stores and patisseries all within easy walking distance of Ebisu station. Ebisu’s main tourist attraction is centered around Yebisu Garden Place and the Westin Hotel area. Accessible from the East Exit of Ebisu Station via the Yebisu Skywalk, (a covered moving walkway), it includes the headquarters of Sapporo Breweries, the Beer Museum Yebisu, and Tokyo Metropolitan Museum of Photography.

This investment property is located on a corner on the way to Yebisu Garden Place from Ebisu JR Yamanote Station. Many restaurants and bars attract people to these areas.

Property Information:

Address: Ebisu-Minami 1, Shibuya-ku
Bldg Size: 141.73 sqm
Year of Built: 2000 June
Land Size: 64.33sqm (19.459 tsubo)
Ratio: 80%, 500%
Frontage Street: Public NW 4m
Zoning: Commercial District
Mtg: Self-management by tenants

Tenant:

1F: Shot Bar (JPY 422,478- /month, JPY 5million as Security Deposit)
Term: Renewing at the same condition in June 2012
2&3F: Dining Bar (JPY 577,500- /month, JPY 5million as Security Deposit)
Term: 2009.12.1 ~ 2012.11.30

Yield:

Asking Price: JPY 159million
EX) Offering Price: JPY 154million
Purchasing Fees: JPY 7,700,000- (approx. 5%)
Total Purchasing Cost: JPY 161,700,000
Annual Rent: JPY 11,999,736
Annual Property Tax: JPY 618,400

Net Yield: 7%

(JPY 11,999,736 – JPY 618,400)/ JPY 161,700,000

Tags: Ebisu, Ebisu station, Investment, JR Yamanote line, tokyo, Yebisu Garden Place, Yebisu Skywalk, 恵比寿

sato

Sato was born in Fukuoka in Western Japan. After high school he studied in the US and graduated from Interior Architecture and Design at the Academy of Arts University, in San Francisco. In his freetime, he enjoys traveling, architectural tours, art and museums, surfing and reading books. Work Experience Sato worked as an assistant project manager and graphic designer at Pyatok Architects office. At the same time he was also a member of the NPO, “Rebuilding Together Oakland”. He lived and worked in Pune, India and was in charge of Design and Communications at the office of Christopher Charles Benninger Architects. Sato now specializes in residential land for sale in Minato-ku and Shibuya-ku as well as resort properties in some of Japan’s more popular holiday destinations. With his international experience, passion for architecture, and city planning, he would like to see a future Japan which is more more international and accessible to foreigners.