Compact Investment Apartment in Tokyo's Minato Ward
This studio apartment, located on the 10th floor of an 11-story building in the coastal Kaigan 3-chome district of Minato, Tokyo, presents a turnkey investment opportunity. The property is currently tenanted, generating a projected annual rental income of 720,000 yen and an impressive yield of 8.18%. The building itself underwent a lobby renovation in 2020, and individual unit entrance doors were replaced in 2022, ensuring modern security and aesthetics.
The unit features a compact, efficient layout with a wall-core exclusive area of 13.77 sqm (approximately 4.16 tsubo). Key equipment includes storage space, a closet, air conditioning, internet readiness, an auto-lock security system, security cameras, fire alarms, city gas, and an elevator. The building is equipped with two or more elevators and a parcel delivery box for resident convenience.
Special notes detail important ongoing costs. There is a monthly water base charge of 1,800 yen, which is the tenant's responsibility during occupancy but falls to the owner when vacant. The property sits on leased land with a monthly ground rent of 5,235 yen and a 50-year lease term. Upon purchase, a nominal change of lessee procedure is required, incurring a one-time fee of 33,000 yen (tax included) payable by the new owner. The monthly management fee is 7,500 yen, with a repair reserve fund of 4,300 yen. Additional running costs include a monthly hot water base charge of 1,000 yen.
The area, part of Tokyo's bustling port-side development, is rich in history and modern amenities. An interesting local fact is that the nearby Shibaura area was once a major industrial and shipping hub that has been extensively redeveloped into a mixed-use waterfront district with high-rise residences and commercial spaces. The closest major landmark is the iconic Tokyo Tower, a symbol of the city's post-war rebirth and a major tourist attraction offering panoramic views, located just a short distance away.
