Compact Investment Apartment in Central Kochi City
This studio apartment, located in Kochi City's Chiyoricho 3-chome, offers a compact yet functional living space with an attractive investment profile. The property is part of the Asahi Plaza Chiyoricho Passage building, an 8-story reinforced concrete structure built in December 1990. The unit itself is on the 4th floor and features a Western-style room of approximately 6.5 tatami mats (about 10.5 sqm) and a balcony measuring 3.76 sqm, with a total private area of 17.55 sqm.
Key equipment and features include a dedicated toilet, air conditioning, refrigerator, bed, auto-lock security system, monitor-equipped intercom, card key entry, city gas, water supply, sewerage, hot water supply, shared bath, elevator, and bicycle parking. The building is noted for having Kochi's first auto-lock system. Special notes highlight the property's good sunlight exposure and tile-clad exterior. The current status is tenanted, with an estimated annual rental income of 324,000 yen, projecting a yield of approximately 12.96%. Important conditions include an owner change in progress, no pets allowed, and no use as an office permitted.
