Apartment Building Investment Opportunity in Takahashi City

This apartment building, Sun Berute Takahashi City Wada-cho, presents a compelling investment opportunity with an owner change. The property boasts an estimated annual yield of 10% and projected annual income of 2.16 million yen. The building, constructed in November 1991, is a two-story light-gauge steel structure with a total floor area of 170.4 sqm. It contains eight 1K units, each featuring a separate bath and toilet, a balcony, and air conditioning. The land area is 249.48 sqm, with a required setback of 22 sqm.

Key facilities and equipment include running water, sewerage, electricity, dedicated toilets, separate bath and toilet, shower, cable broadcasting, and a bicycle parking area. The road access details are: to the west, a 3.8m wide public road with 12m of frontage; to the south, a 1.9m wide private road with 19m of frontage. The property allows for two-person occupancy, and room-sharing arrangements can be discussed. There is a monthly common area fee of 2,500 yen.

The location in Wada-cho, Takahashi City, Okayama Prefecture, is convenient for daily life. Within walking distance are Takahashi City Hall and a 7-Eleven convenience store (approx. 9 mins/650m), Kibi International University's Takahashi Campus (approx. 12 mins/650m), Takahashi Central Hospital (approx. 18 mins/1.3km), The Rokin Bank Bicchu Branch (approx. 23 mins/1.6km), and the Polka Tenmaya Happy Town shopping facility (approx. 23 mins/1.7km). The nearest major transport link is Bicchu-Takahashi Station on the Hakubi Line, approximately a 13-minute walk (1040m) away.

The surrounding area of Takahashi City is rich in history, being the former castle town of the Ikeda clan. A major landmark nearby is the stunning Bicchu Matsuyama Castle, one of Japan's few remaining original castles perched dramatically on a mountain peak, offering breathtaking views of the countryside.