Commercial Investment Property with Established Tobacco Vending Machine Income in Okinawa City
This commercial investment property is a 108.29 m² reinforced concrete block (RCB) building situated on a 39.66 m² corner lot in Okinawa City's Misono 1-chome. Priced at 9.8 million yen, it offers a gross yield of 11.63%. The layout is a versatile 6LDK configuration, which includes ten rooms suitable for commercial use, built in October 1976. The property is on leased land, with the leasehold period running from November 24, 2017, to November 23, 2047.
Critical agent notes have been translated and provide essential financial details. The property generates additional income from a tobacco vending machine, with a commission of 3% of total sales. Historical performance shows monthly earnings ranging from approximately 5,000 to 10,000 yen, though this is variable. The machine's electricity cost, borne by the landlord, is about 1,700 yen per month, and the machine can be removed. The annual leasehold fee for the land is 72,000 yen, and annual fixed asset tax is 40,900 yen. A critical cost for the buyer is the title transfer fee, which is 10% of the purchase price and is the buyer's responsibility.
Okinawa City is a dynamic urban center within the Okinawa metropolitan area. It is the second most populous city in Okinawa Prefecture after Naha and recorded the highest population increase in the prefecture during the 2015 national census. With a growth rate of 6.96%, it ranked fourth nationally among all cities, highlighting its ongoing development and appeal. The area is well-connected, with the "Yoshihara Iriguchi" bus stop approximately a 5-minute walk away. A notable landmark in the region is the Okinawa Prefectural Peace Memorial Museum, a profound site dedicated to reflecting on the history of the Battle of Okinawa and promoting peace.
