Investment Opportunity: Three Apartment Buildings in Owariasahi City
This offering presents a portfolio of three light-weight steel-frame apartment buildings located in the Kitahonjigahara-cho 2-chome area of Owariasahi City, Aichi Prefecture. The properties are collectively known as Panahitsu Hatoriaka Buildings A, B, and C. This is an owner-change (owner-occupied) property sale, meaning the buildings are currently tenanted and the lease agreements will be transferred to the new owner. The total asking price for all three buildings is 250,000,000 yen.
Each building contains ten residential units, all of which are 2DK layouts with a floor area of approximately 40 square meters per unit. Building A was constructed in February 1989, Building B in August 1988, and Building C in October 1988. The total floor area for each building is 409.2 square meters, resulting in a combined floor area of 1,227.6 square meters. The total land area is 2,043 square meters. The land rights are freehold (ownership type). The land is categorized as miscellaneous land and farmland. The buildings are located in a first-class medium-to-high-rise residential zone within an urbanization promotion area. The building coverage ratio is 60% and the floor area ratio is 150%.
The property is situated with road frontage on three sides: approximately 8 meters to the southwest (public road), approximately 6 meters to the northwest (public road), and approximately 6 meters to the southeast (public road). The current annual rent for all three buildings is 19,193,400 yen, with a current yield of approximately 7.67%. The rent is based on a 12-month period and includes common area fees. It is important to note that this yield is calculated before deducting property taxes and other maintenance expenses. The total number of units across the three buildings is 30, and all 30 units are currently occupied as of June 16, 2026. There are 35 parking spaces available, of which 27 are in use. As this is an owner-change property, interior inspections are not possible, and the floor plan may differ from the actual condition. A notification of land use conversion under Article 5 of the Agricultural Land Act is required for the contract. The nearest train station is Owariasahi Station on the Meitetsu Seto Line, which is a 30-minute walk away. Amenities in the vicinity include an Amica supermarket (7-minute walk), a convenience store (8-minute walk), and a local park (1-minute walk).
