Land for Sale in Okinawa City with Unique Leasehold Structure
This listing presents a 250 square meter plot of land (approximately 75.62 tsubo) for sale in the Karagawa area of Okinawa City, Okinawa Prefecture. The property is designated as residential land and is offered at a price of 22,800,000 yen. A critical feature of this land is its unique tenure; it is subject to an annual ground lease fee, making it an interesting investment or development opportunity with specific financial considerations.
Detailed agent notes provide essential financial and procedural information that must be carefully reviewed. The annual ground lease fee is 506,800 yen. The brokerage commission is 818,400 yen (including tax). For the ownership transfer, the buyer is responsible for the stamp duty of 10,000 yen. The ground lease fee has an estimated annual escalation rate of approximately 1%. The land will be delivered after subdivision (分筆), and because it is currently before subdivision, consultations regarding the exact size are accepted. The estimated fixed asset tax amount for the 2025 fiscal year (Reiwa 7) is 48,934 yen.
