Modern High-Rise Living with Investment Potential in Toyonaka
This is an owner-change property currently generating stable rental income. The apartment is leased at a monthly rent of 250,000 yen (annual income of 3,000,000 yen), offering a calculated yield of 4.28%. Please note that the existing lease agreement has no scheduled termination date, so the property cannot be occupied by the purchaser until the tenant vacates.
The property is a spacious 3LDK layout with a wall-core exclusive area of 72.67 sqm (approx. 21.98 tsubo), located on the 23rd floor of a 52-story tower. Built in January 2019, it features a two-sided balcony of 7.14 sqm with an eastern exposure, ensuring excellent sunlight and views. The building, Ceria Tower Senri Central, is a robust RC structure with 552 units and offers premium amenities including a front service, concierge service, shared party and guest rooms, and 24-hour security.
Key equipment and features include a dedicated toilet with warm-water washing bidet, separate bath and toilet, auto bath, shower, bathroom dryer, system kitchen with 3-burner IH cooking heater, grill, dishwasher, water purifier, garbage disposal, ample storage including walk-in closets, flooring throughout all rooms, auto-lock with monitor and intercom, dimple key/non-contact IC card key, security cameras, all-electric power, elevator, delivery box, and constant garbage disposal availability. Parking is available for 19,000 yen per month. Pets are negotiable (small dogs and cats allowed).
Special notes highlight the property's excellent sunlight and views, as well as convenient access to two train lines. The property is under a fixed-term ground lease with a monthly ground rent of 8,290 yen, with the lease period ending on February 28, 2090. Additional monthly running costs include a demolition reserve of 5,900 yen and an internet fee of 1,430 yen.
The area, Toyonaka's Shin-Senri Higashimachi, is a well-planned suburban hub known for its convenience and greenery. An interesting local fact is that the nearby Senri Central Park was developed for the 1970 Japan World Exposition (Expo '70), with some of the expo's infrastructure and spirit integrated into the city's design. The closest major landmark is the iconic Expo '70 Commemorative Park, a vast cultural and recreational space featuring the iconic Tower of the Sun sculpture, museums, and beautiful Japanese gardens.
