Investment Opportunity in Uruma: A 50㎡ Military Land Parcel
This listing presents a unique investment opportunity: a 50 square meter parcel of military land (軍用地) located in Amagan, Uruma City, Okinawa Prefecture. The property is priced at 2,963,000 JPY and offers a surface yield of 2.12%. The land is designated as residential prospective land (宅地見込地) and is situated within a fenced area.
Critical financial details from the agent's notes have been translated and are as follows: The annual land rent (地料) is 63,045 yen, with a per-square-meter unit price of 1,260.90 yen. Importantly, the annual land rent is paid by the national government with no history of arrears, ensuring stable income. The inheritance tax assessment multiplier for Reiwa 7 (2025) is 3.3, with the inheritance tax assessment amount calculated as the fixed asset tax assessment amount multiplied by the assessment multiplier and then by 60% (a 40% reduction). The scheduled return date of the land is undetermined. The listing also includes a survey on reasons for purchasing military land, citing motivations such as future inheritance tax planning for family, stable income from a reliable tenant (the state), the compound effect of annual rent increases, a desire for a hands-off investment, suitability for real estate investment beginners due to low risk/return, and a better return than bank interest rates.
The area of Uruma City, formed from the merger of several towns, is rich in history and natural beauty. An interesting fact is that Uruma is home to the Katsuren Peninsula, which features the UNESCO World Heritage site Katsuren Castle Ruins, a testament to the Ryukyu Kingdom's prosperous trade era. The closest major landmark from this property is the iconic Mid-Sea Road (海中道路), a 4.7-kilometer causeway that offers stunning panoramic views of the East China Sea and connects the main island to a series of smaller islands, making it a popular scenic drive and photo spot.
