Investment Property, Supermarket Seijoishi for sale at net yield 7%

Written by sato. Posted in Investment Properties, Real Estate Market Japan, Retail Properties

Supermarket Seijoishi is for sale close to Yoyogi-Koen station with a net yield of 7%

Details

  • Address: Tokyo, Shibuya, Tomigaya 1-9-16
  • The location is 2min from Yoyogi-Koen station and 3min from YoyogiHachiman station.
  • The tenant is Supermarket
  • The current annual rent is JPY 19,280,000-
  • Size: 142.52sqm (43.11tsubo)
  • Asking Price: JPY 195million
  • Annual management fees: 999,000JPY
  • Annual parking fee: 3,000,000JPY
  • Annual Property Tax: 1,095,000JPY
  • Other fees: 44,000JPY

With the current asking price:

  • Gross Yield is 9.89%
  • Net Yield is approx 7%

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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.