Commercial Investment Opportunity in Urasoe's Yafuso District
This listing presents a commercial tenant building in Urasoe City, Okinawa Prefecture, offering a stable income stream in a locally-focused area. The property, named "New King Building," is a 6-story reinforced concrete (RC) structure built in February 1990, with a total building area of 537.69 m² (approximately 162.65 tsubo) situated on a 158.8 m² (48.03 tsubo) plot of land zoned for commercial use within an urbanization promotion area.
Critical agent notes provide essential financial details. The listed price of 155 million yen is inclusive of consumption tax (tax amount: 9.9 million yen). It is important to note that of the two land parcels comprising the property, one parcel (14.31 m²) is under a land lease contract with an annual lease fee of 130,000 yen. The property is currently fully occupied, generating a gross annual income of 11,125,600 yen. This income breaks down into tenant rent and common area fees of 10,335,600 yen (861,300 yen monthly), antenna income of 660,000 yen (55,000 yen monthly), and the aforementioned land lease income of 130,000 yen. Annual expenses total 1,436,813 yen, covering elevator management fees (171,600 yen), building management consignment fees (445,992 yen), security camera costs (151,800 yen), and fixed asset tax (667,421 yen for Reiwa 7 fiscal year). This results in a surface yield of 7.1%.
