Retail Commercial Building for Investment in Shirokane Minato, Tokyo
|Address||6-19-10 Shirokane, Minato, Tokyo|
|Total Floors||4 stories|
|Nearest station||Shirokanedai (10 min.)|
This is an investment opportunity for a whole retail building in the prestigious Shirokane area in Minato Ward of Tokyo. This property has 4 floors and is fully leased up when operations will start (1F & 2F famous Teppanyaki Restaurant, 3F Bistro and 4F Japanese Restaurant. The Gross Yield is 4.52% and the Net Yield after expenses is 3.81%. This retail asset performs better than comparable new residential or office properties in similar size. The land size is at 103.33 m2.
Shirokane is one of the most wealthy neighborhoods in Japan which located in the southwestern part of Minato, Tokyo. It is a quiet residential area that is abundant in undeveloped green space. And also this area is known for its one of the most expensive real estate fee for living in Japan. Shirokane has boundaries with the neighborhoods of Minami-Azabu, Shirokanedai, Takanawa and Ebisu. The Prefectural Highway 305 (Ebisu-dori) divides into odd-numbered (1, 3, 5-chōmes) and even-numbered (2, 4, 6-chōmes) subdistricts designated as industrial and high-rise residential areas, respectively. Along Furukawa river, small factories and shopping streets are developed, and upon the southern hill, a quiet residential area is developed with apartments and schools such as Seishin Joshi Gakuin. The recent opening of a subway allowed the area centered at Shirokane-Takanawa Station to undergo a large redevelopment.
There are forest areas owned by academic institutions and private companies such as Seishin Joshi Gakuin and the Kitasato Institute. With the Institute for Nature Study and the Institute of Medical Science in Shirokanedai, these areas forms one of the largest green districts in the special wards of Tokyo. This large green area traces back to daimyō's mansions which existed in Edo period; later, industrialists made their residences in this place, which gave rise to the well-known upper-class neighborhood.
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