Melodia Harajuku

468,000,000 JPY
370.1
Kitasando Station (3 min. walk)

Located directly around the corner from Meiji Dori, minutes from Harajuku station, the famed Takeshita Dori shopping street and amongst a number of fashionable residences, this multi-unit building should appeal to investors with its location, earnings potential and tax depreciation. Since Harajuku station & the area around the National Stadium (both walking distance from this building) is undergoing serious re-development, the area has high potential for increasing land prices for many years after the Olympics.

The property is situated in an area that attracts a lot of young creative professionals in the IT, design and retail industries. Aside from the potential as residences for professionals, students or visitors who desire to be in the area, it can easily be adapted to SOHO needs. This property is popular for tenants as proven by being fully occupied. The current owner is Master Leasing 3 units as a company dormitory.

Aside from the Yamanote line access at Harajuku, the nearby Kitasando station is on the Fukutoshin line and offers excellent connections to the rest of Tokyo.

A partial wood-frame construction, the property would also be ideal for depreciation treatment.

The upper floor units provide a potential future upside for rental income should they be converted into Monthly Furnished Apartments.

Enquire for more information.

building
cover-photo
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room
model-room

Availability Now
Price / m² ¥1,264,523
Current Rent Yield: 4.80%
Fully Occupied Rent Yield 4.80%
Bldg-to-Land-Ratio 60%
Floor-space-Ratio 300.0%
Land Ratio 60 / 300
Land Size 178.84m² / 1924.32ft² / 54.1 tsubo
Land Right Freehold
Usage Residential
Land Category Category 2 residential districts
Rentable Floor Space 370.10m² / 3982.28ft² / 111.95 tsubo
Building Size 370.10m² / 3982.28ft² / 111.95 tsubo
Year Built 2011
Total Units 8
Units Rented 8
Total Floors 3 stories
Building Contains Office, Residential
Floorplan

Note: actual layout may differ slightly from this floorplan.


Purchase Analysis

Offered Price ¥468,000,000 (consumption tax included)
Gross Yield 100% Occupancy 4.80%
Current Annual Yield 4.80%
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 ¥22,455,400
Current Annual Income ¥22,455,450
Net Income 100% Occupancy  
Current Net Income (NOI)  

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

Average Rental Price ¥4,800 / m², ¥51,648 / ft², ¥1,451 / tsubo

Transportation

Location

3-16-12 Sendagaya, Shibuya, Tokyo


Request Information

Not ready to enquire?

Housing Japan

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

+81 (0) 3-3588-8860

* All fields are required