Investment Opportunity: Ginowan City Military Land Parcel

This listing presents a unique investment opportunity in the form of a 16-square-meter parcel of military land located in the Aniya district of Ginowan City, Okinawa Prefecture. The property is priced at 1,397,000 JPY and is situated within the Camp Zukeran (Camp瑞慶覧) area. It is a single-named title property classified as land for residential use potential, offering a surface yield of 2.04%.

Critical details from the agent's notes provide essential insights. The annual land rent is 28,526 yen, which is paid by the state with no history of arrears, ensuring stable income. The land rent per square meter is 1,782.92 yen. The inheritance tax assessment multiplier for the Reiwa 7 fiscal year is 2.6, with the inheritance tax assessment amount calculated as the fixed asset tax assessment amount multiplied by the assessment multiplier and then by 60% (a 40% reduction). The schedule for return of the land is undetermined, and the parcel is located inside a fence.

The listing includes a revealing survey on reasons for purchasing military land, which translates as: "I bought it for future inheritance tax measures and for my family (family-oriented)." "The tenant, the state, does not default (stable income)." "The land rent increases every year and grows like a snowball (compound interest effect)." "I wanted a hands-off investment (easy asset building)." "I thought it would be easy to start real estate investment (low risk, low return)." "It's better than bank interest rates (asset replacement)."

The area of Ginowan is centrally located on Okinawa Island. An interesting local fact is that Ginowan is home to the Okinawa Convention Center, a major venue for international events, situated near the scenic coastline. The closest major landmark is the iconic Okinawa Convention Center, known for its distinctive architecture and role in promoting cultural and business exchange on the island.