Investment Opportunity: Japan Air Self-Defense Force Naha Base Land Lease

This listing presents a unique investment opportunity in a 45-square-meter plot of land leased to the Japan Air Self-Defense Force (JASDF) Naha Base. The property is offered at a price of 10.28 million yen, which represents a 51x multiple of the annual lease income. The current annual land lease fee for fiscal year Reiwa 7 is 201,660 yen, with a confirmed increase rate of 1% for that year. The land is classified as miscellaneous land with the potential for residential development.

Critical financial details include the annual fixed asset tax of 17,190 yen for Reiwa 7, with the note that this figure may vary slightly due to rounding calculation methods. The lease agreement is directly with the Okinawa Defense Bureau, and there is no landowner association membership. Crucially, there are no plans for the land to be returned, offering long-term stability. The property is under sole ownership. The buyer is responsible for the ownership transfer registration costs, but there are no brokerage fees as the seller is the listing agency. A specific judicial scrivener is designated for the transaction.

Additional flexible terms are available: subdivision of the land is negotiable, with the seller covering the subdivision registration costs. The seller is also open to price negotiations starting from 2.5 million yen and is available for bulk purchase negotiations for multiple military-use land plots.

The area of Miyagi in Naha City is a central urban district. An interesting local fact is that Naha is home to Shuri Castle, a UNESCO World Heritage site and the former royal palace of the Ryukyu Kingdom, which governed the islands for centuries. The closest major landmark is the bustling Kokusai-dori (International Street), a famous tourist destination known for its shops, restaurants, and vibrant atmosphere.