Investment Opportunity in Naha's Kobagura District
This property presents a compelling investment opportunity in Naha City, Okinawa. It is an apartment building listed for sale at 58,000,000 JPY, with an estimated annual yield of 8.54%. The building is undergoing an owner change, offering a chance for a new investor to acquire an established income-generating asset.
The property is a 4-story reinforced concrete block (RCB) structure built in September 1968, making it approximately 57 years old. It offers a substantial total building area of 340.2 square meters (102.91 tsubo) situated on a land plot of 162.78 square meters (49.24 tsubo). The land is designated as residential within an urbanization promotion area, with a building-to-land ratio of 80% and a floor area ratio of 300%. There is no private road burden, and ownership rights are full. The specific layout of the units is not detailed, and pets are not mentioned. Parking is not available at the property.
Located in Kobagura 1-chome, Naha City, the building enjoys excellent public transport access. The Nōkyō Kaikan-mae bus stop is just a one-minute walk away, providing convenient local connections. For longer commutes, the Yui Monorail's Tsubogawa Station is approximately a 20-minute walk from the property.
The Kobagura area offers a blend of residential calm and urban convenience within Naha. An interesting historical fact about Naha is that it was the capital of the Ryukyu Kingdom for centuries, a vibrant trading hub with cultural influences from across Asia. The property is situated a reasonable distance from major Naha attractions, with the iconic Shuri Castle, a UNESCO World Heritage Site and former royal palace of the Ryukyu Kingdom, being a significant cultural landmark in the wider area.
