Investment Building in Hino, Tokyo
This property is a three-story building located in Hino City, Tokyo, offering a significant investment opportunity. The building has a total floor area of 298.1 sqm (approximately 90.17 tsubo) and sits on a land area of 206.28 sqm (approximately 62.39 tsubo). It was built in January 2000 and features a 3LDK layout. The structure is steel-framed and is situated in a Category II Medium-to-High-Rise Residential Exclusive Zone, facing a road over 6 meters wide.
Critical agent notes provide essential financial details. The property is currently tenanted, and the lease agreement is to be transferred to the new owner. The estimated annual rental income at full occupancy is 6,120,000 yen, which, against the asking price of 77.8 million yen, yields a projected yield of 7.8%. It is crucial to note that this yield calculation is based on the annual rental income (including common area fees) relative to the sale price, before deducting taxes, public charges, and other necessary maintenance costs for the property. Furthermore, the estimated rent and yield are calculated based on market rent, adding rent for any vacant spaces to assume full occupancy. Importantly, rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 30, 2025).
