Investment Opportunity in Fukuoka's Ashya Town
This property is a single-family house located in Nishihama-cho, Ashya Town, Onga District, Fukuoka Prefecture. Built in December 1966, it is a wooden structure with a total floor area of 62.85 sqm (approximately 19.01 tsubo) and sits on a land area of 85.30 sqm (approximately 25.80 tsubo). The layout is a 3DK, and the building is a single-story structure. The property is currently tenanted, providing an immediate income stream.
Critical agent notes provide essential details for potential investors. The property is currently not eligible for rebuilding under the current conditions because it does not meet the legal road frontage requirements stipulated by the Building Standards Act. Furthermore, this property is offered for sale as a set with another property in Ashya Town Nishihama-cho 1 (a house for sale at 2.8 million yen with a yield of 12.85%). The combined price for this property (2.3 million yen) and the other property (2.8 million yen) is 5.1 million yen. Separate purchase of this individual property may be possible upon consultation. The current monthly rent is 25,000 yen, and it is operating with a yield of 13.04%.
Ashya Town is situated along the coast of Fukuoka Prefecture, offering a relaxed seaside atmosphere. An interesting local fact is that the town is home to the Ashya Kunchi festival, a vibrant autumn event with a history dating back over 350 years, featuring elaborate floats and traditional performances. The area is also within reasonable proximity to the major urban center of Kitakyushu, providing access to broader amenities and transportation networks.
