Investment Land in Uruma, Okinawa: A Military-Use Property with Fixed Annual Lease
This 166 square meter plot of land, located in the Amagan district of Uruma City, Okinawa, presents a unique investment opportunity as a military-use property. The land is designated as "zasshukuchi" (miscellaneous land) with prospects for residential development and is currently leased to the Japan Maritime Self-Defense Force's Gushikawa Transmitting Station. The asking price is set at 9,999,000 yen.
A key feature of this property is its status as a military-use lot, which comes with a fixed annual lease payment of approximately 208,000 yen and a high multiplier of 48 times. The lease is noted as having no scheduled return date, providing long-term stability. The land category is miscellaneous land with residential potential, and the land fee escalation rate is set at 1.43%. As explicitly stated in the agent's remarks, the annual fixed asset tax is 17,100 yen. It is important to note that pro-rata adjustments apply to both the annual lease fee and the fixed asset tax, with the calculation start date being April 1st.
The area of Uruma City, formed from the merger of several towns, is known for its beautiful coastline and islands connected by bridges, such as the iconic Kaichu Doro (Ocean Road). A major landmark near this property is the Katsuren Castle, a UNESCO World Heritage site as part of the "Gusuku Sites and Related Properties of the Kingdom of Ryukyu." This historic site offers panoramic views and a deep connection to Okinawa's rich Ryukyuan kingdom history.
