Rare Military Land Investment Opportunity in Okinawa's Kunigami Village

This listing presents a unique and seldom-available investment opportunity: a plot of military land in Okinawa. The property, designated as "Okuma Rest Center" with management number E26-02-A, is offered for sale at a price of 28.4 million yen. The land boasts a significant area of 1,139 square meters (approximately 344.54 tsubo) and is classified as farmland with the potential for residential development. A critical feature for investors is the high multiplier of approximately 51x, indicating a strong rental yield potential. The annual land lease fee is 556,993 yen, with a pro-rated settlement system for the land rent and public charges.

Detailed agent notes provide essential financial and legal specifics. The fixed asset tax is 0 yen for the Reiwa 7 fiscal year due to the assessed value of 47,949 yen falling below the tax exemption threshold. An annual landowner association fee of 5,570 yen (1% of the land lease fee) applies. Crucially, there is no scheduled return of the land to the owner, offering long-term security. The property is under single ownership. The buyer is responsible for the ownership transfer registration costs. The brokerage commission is calculated as (price x 3% + 60,000 yen) plus consumption tax. The handling real estate company is Oroku Shokai. Please note that the displayed price and land lease fee are calculated per square meter, and rounding methods may cause slight variations in the final amount.