Azabujuban Retail Building

300,000,000 JPY
235.50
AzabuJuban Station (5 min. walk)

This is a mixed-use retail building located close to the major Azabu-Juban center, home to a number of highly desirable boutiques and restaurants.

The property boasts strong yield performance for the area, good street frontage, and is only 5 mins away from the station.

The Indian restaurant on the first floor is a very long-term tenant that has been featured in several media, while the upper floors include a second restaurant, a tailor and a membership club (operated on a master lease with an to release).

There is some room for rent increase, while neighboring properties are likely to be sold in the near-term due to their age - allowing for an extension of the lot or sale to a developer.

cover-photo
building
entrance

Availability: Now
Price / m² ¥1,273,885
Current Rent Yield: 5.60%
Fully Occupied Rent Yield: 5.60%
Road 1: Public, North, m
Road 2:
Bldg-to-Land-Ratio: 80%
Floor-space-Ratio: 200.0%
Land Ratio: 80 / 300
Land Size: 79.82m² / 859.17ft² / 24.15 tsubo
Land Right: Freehold
Usage: Commercial
Land Category: Neighborhood commercial districts are districts
Building Size: 235.50m² / 2534.9ft² / 71.24 tsubo
Year Built: 1992
Total Units: 4
Units Rented: 4
Total Floors: 4 stories
Building Contains: Office, Retail

Please enquire for floorplan


Purchase Analysis

Offered Price: ¥300,000,000 (consumption tax included)
Gross Yield 100% Occupancy: 5.60%
Current Annual Yield: 5.60%
Net Yield 100% Occupancy:  
Current Net Annual Yield:  
Occupancy Rate: 100.00%

Total Running Costs:  
Fixed Asset Tax:  
Building Maintenance:  
Property Management (HJ):  
Fire Insurance:  

Completion Certificate: Available
Gross Income 100% Occupancy: ¥16,915,600
Current Annual Income: ¥16,915,608
Net Income 100% Occupancy:  
Current Net Income (NOI):  

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

Average Rental Price: ¥5,986 / m², ¥64,409 / ft², ¥1,811 / tsubo

Transportation:

Location:

2-12-4 HigashiAzabu, Minato, Tokyo


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

+81 (0) 3-3588-8860

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