Warehouse Investment Opportunity in Okawa City with Owner Change

This property presents a unique owner change opportunity featuring two warehouses currently under lease, offering immediate rental income potential upon acquisition. The site benefits from generous frontage with an approximately 6-meter wide public road and about 20 meters of road frontage, ensuring smooth vehicle access. The location also holds future potential for use as a material storage yard or business site.

Critical agent notes provide essential details: The property is situated on a corner lot. The breakdown of road access is as follows: To the East, a 6-meter wide public road, paved. To the West, an 8.5-meter wide private road, paved. The current status is tenanted. The conditions involve an owner change with an estimated annual yield of 6.9% and projected annual income of 682,800 yen. Please note that the yield is the ratio of the property's estimated annual rental income to its acquisition cost before deducting taxes, public charges, and other necessary maintenance expenses, and it does not guarantee the actual receipt of the projected rental income.

The property specifics include a land area of 356 sqm (approximately 107.69 tsubo) and a total building floor area of 180 sqm (approx. 54.45 tsubo). It was built in March 1971 (54 years and 12 months old) with a lightweight steel structure. The land is zoned as residential land within an unclassified urban planning area, with a building-to-land ratio of 70% and a floor area ratio of 200%. The land is flat, rectangular in shape.

Okawa City, located in Fukuoka Prefecture, is historically renowned as a major center for traditional Japanese furniture manufacturing, particularly 'tansu' chests. The area offers a blend of industrial heritage and natural scenery along the Chikugo River. A major nearby landmark is the stunning Yanagawa River, famous for its picturesque canal cruises in traditional flat-bottomed boats, located a short drive away.