Minamiazabu 2 Chome Residential Building

675,000,000 JPY
588.54
Shirokane-takanawa Station (9 min. walk)

Unit A: 3 bd + Service room + 2 ba, 218.94 sqm
Unit B: 3 bd + 2 ba, 211.84 sqm

Uniquely-designed duplex home resting in an exclusive residential area of Minami Azabu. Both units of this house are currently occupied by tenants with fixed-term lease agreements. Unit A's lease expires at the end of November 2020, while Unit B's lease expires at the end of July 2021. At the end of the leasing agreements, naturally, the new owner may choose to renew the leases, lease new tenants, or even occupy a unit themselves.

The home features an intriguing yet attractive international design, from the floor to ceiling windows, to the lofted second floor that overlooks the entrance. Each home includes a study den room and an attached one-car garage with extra space for storage. Unit A is equipped with a home elevator making for further appeal to renters young and old. The gross yield is approximately 3.33%, making this a great opportunity for an investor expecting long-term stable income.

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Availability Now
Price / m² ¥1,146,906
Current Rent Yield: 3.33%
Fully Occupied Rent Yield 3.33%
Road 1 Public, North, 5.5m
Road 2
Bldg-to-Land-Ratio 60%
Floor-space-Ratio 200.0%
Land Ratio 60 / 200
Land Size 253.32m² / 2725.72ft² / 76.63 tsubo
Land Right Freehold
Usage Residential
Land Category Category 1 medium-to-high-rise exclusive residential districts
Rentable Floor Space 430.78m² / 4635.19ft² / 130.31 tsubo
Building Size 588.54m² / 6332.69ft² / 178.03 tsubo
Year Built 1994
Total Units 2
Units Rented 2
Total Floors 4 stories
Building Contains Residential
Floorplan

Note: actual layout may differ slightly from this floorplan.


Purchase Analysis

Offered Price ¥675,000,000 (consumption tax included)
Gross Yield 100% Occupancy 3.33%
Current Annual Yield 3.33%
Net Yield 100% Occupancy  
Current Net Annual Yield  
Occupancy Rate 100.00%

Total Running Costs  
Fixed Asset Tax ¥1,484,900
Building Maintenance  
Property Management (HJ)  
Fire Insurance  

Completion Certificate Available
Gross Income 100% Occupancy ¥22,500,000
Current Annual Income ¥22,500,000
Net Income 100% Occupancy  
Current Net Income (NOI)  

Rosenka Price
Estimated Rosenka Land Price (*1.2)  
Purchase Price / Total Rentable Area

Average Rental Price

Transportation

Location

2-9-2 MinamiAzabu, Tokyo, Tokyo


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Housing Japan

7F BPR Place Kamiyacho, 1-11-9 Azabudai, Minato-ku Tokyo Japan 106-0041

03-3588-8860

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