Whole Residential Building for Investment in East Ginza Chuo, Tokyo

Address 3-2-2 Hachobori, Chuo, Tokyo
Year Built 2003
Total Floors 11 stories
Total Units 28
Building Size 678.68m²
Land Size 103.85m²
Nearest station Ginza-itchome (8 min.)

Multi-unit residential complex for sale that offers 28 units ideal for earning higher returns from the short-term tenant market. As the new owner will control the property, there will be no legal restrictions, and there is significant demand for sub ¥200,000 / month units (average rents here are ¥179,000).

We are estimating the net yield by presuming the new owner will target the short-term month-to-month rental market as this will raise annual income by 60.9% to ¥34,216,314 (with a conservative expectation of 85% occupancy).

This is advisable as 16 of the units have already been furnished, this reducing startup costs, while the buildings close proximity to Tokyo Station, Ginza and Nihonbashi will also have significant appeal for both business and leisure tenants who reserve for one-month or more stays.

Some of the units are currently tenanted, and we recommend converting these over as they become available.

The property offers easy access to Tokyo Station - one of Japan’s biggest business districts and home to a number of huge multi-national corporations, in addition to an array of visitor attractions and entertainment.

Nihonbashi, in the other direction is the home of the Tokyo Stock Market, as well as major department stores, while Ginza to the south is a major retail, entertainment and nightlife hub that is also home to several renowned corporate headquarters and major tourist attractions.

In addition, the Kyobashi area itself is seeing several major new commercial complexes due to be completed over the next 4 years which will further impact the surrounding residential markets.

A large land lot, professional and specialized property management can be arranged.

For more information on this property, please contact us.

See Nearby Units

See Nearby Units