Compact Studio Apartment in Nagasaki's Ōgimachi Area
This property is a used condominium unit located in the Ōgimachi district of Nagasaki City, Nagasaki Prefecture. The apartment is situated on the first floor of a five-story reinforced concrete building, offering a studio layout (one room) with a floor area of 19.8 square meters. The unit also features a balcony measuring 3.47 square meters, with the main window facing south.
The building was constructed in March 1991 and contains a total of 29 units. The property is currently tenanted, with an annual scheduled rental income of 432,000 yen, representing a gross yield of approximately 13.71%. This is an owner-change type property, meaning the new owner will inherit the existing tenant and rental agreement. The property is priced at 3.15 million yen.
Monthly running costs include a management fee of 5,000 yen and a repair reserve fund of 8,420 yen. There is also a monthly CATV usage fee of 1,650 yen. The property is equipped with CATV, an indoor washing machine space, an auto-lock system, a corner room location, city gas supply, and a water heater. Bicycle parking is available. The exterior of the building features tile finishing.
The property is located approximately a 10-minute walk from the Ishiwabashi Station on the Nagasaki Electric Tramway Main Line. The area is zoned as a Category 1 residential district. The land is under freehold ownership. The building management is fully entrusted with a patrol system, managed by Tokyu Community Corporation. The building is covered by a defect warranty and a performance evaluation.
