Investment Building in Daikanyama Tokyo with land size is 159.04SQM (48.10 tsubo). This property is offered for sale at JPY 140,000,000.

Price: JPY 140,000,000
Address: Sarugaku-cho, Shibuya-ku, Tokyo
Access: 8min to Daikanyama station
Land Information:
Land: Freehold
Land Size: 159.04SQM (48.10 tsubo)
Frontage: SW 5.3M private road
Building Information:
Building Type: Apartment 6 units
Floor Size: 155.86SQM (47.14 tsubo)
Building Structure: RC 2 story
Year Built: 1984 Aug
Rental Property:
Current Rent: JPY 6,197,500
Gross Yield: 4.4%
(Fully occupied: JPY 7,437,000 – Gross Yield: 5.32%)
Price/tsubo: JPY140,000,000 / 48.10 tsubo = JPY 2,910,602
In Daikanyama vacant land usually trades around JPY 3.8 to 5 million per tsubo.
Enjoy some cash-flow for sometime and then re-build an aparment or your own residence. Zoning restrictions have been relaxed so it is possible to build a larger structure than the current one.
Please more information please contact Housing Japan.

