Investment Opportunity: Palais d'Or Kuki Condominium Unit with High Yield

This is an owner-change property for investment purposes, specifically for rental income. Located on the 4th floor of a 5-story reinforced concrete condominium building named Palais d'Or Kuki, this 3LDK unit offers a walk of approximately 14 minutes to Kuki Station. Kuki Station provides access to both the Tobu Isesaki Line and the JR Utsunomiya Line (including the Shonan-Shinjuku Line), ensuring excellent connectivity.

The property boasts a private area of 61.05 sqm (approximately 18.46 tsubo) measured to the wall center, and includes a 7.19 sqm balcony. Key equipment and features include a separate toilet and bath/toilet, washroom, vanity, storage space, indoor washing machine area, city gas, water supply, sewerage, hot water supply, and an elevator. The building is managed by a management association with full outsourcing and daytime management personnel.

With a listed price of 3.7 million JPY, this unit presents a highly attractive entry point for investors. The projected annual rental income is 696,000 JPY, resulting in a surface yield of approximately 17.4% (calculated on the combined rent and common service fees, before deductions for taxes and maintenance costs). The actual annual planned yield is noted as 18.81%. The property is currently tenanted, ensuring immediate income generation. Other details include a monthly management fee of 14,500 JPY and a monthly repair reserve fund of 25,600 JPY. The building was constructed in November 1988 and contains 40 units in total.

The area around Kuki offers a blend of suburban convenience and local charm. An interesting historical note is that the city's name, Kuki, is believed to derive from the many Japanese persimmon (kaki) trees that once grew in the region. For recreation, residents and visitors can enjoy the expansive Showa no Mori Park, a large forest park perfect for walking, sports, and seasonal festivals, located a short distance from the city center.