Commercial Investment Property in Central Okayama City
This property is a commercial investment opportunity located in the central commercial district of Okayama City, Okayama Prefecture. It is a detached building currently tenanted, generating an annual rental income of 1,584,000 yen. The building was constructed in October 2022, making it a relatively new structure. The total land area is 89.1 sqm (approximately 26.95 tsubo), with a building area of 53.27 sqm (approximately 16.11 tsubo) spread over two floors. The layout details are 36.71 sqm on the first floor and 17.04 sqm on the second floor.
The property's facilities include a dedicated water supply, sewerage system, and a private toilet. Special notes regarding the road access specify that it fronts onto a single public road to the east, which is 8 meters wide and paved, with a frontage of 5.8 meters. A key feature is the provision of free parking for two vehicles. The property is situated in an urbanization area zoned for commercial use, with a building-to-land ratio of 80% and a floor area ratio of 400%. The land is flat and the current status is tenanted. The transaction is an exclusive intermediary listing.
The area, Okayama's Kita Ward, is a dynamic part of the city known for its blend of urban convenience and historical charm. An interesting local fact is that Okayama is nicknamed the "Land of Sunshine" due to its remarkably low annual rainfall and abundant sunny days. The closest major landmark is the iconic Okayama Castle, a black-lacquered castle known as "Crow Castle" (U-jo), which is a major tourist attraction surrounded by the beautiful Korakuen Garden, one of Japan's three great gardens.
