Residential Land Plot in Nago City, Okinawa

This 247 square meter (74.72 tsubo) plot of land, designated as farmland, is located in the Dai-nan 4-chome area of Nago City, Okinawa. The property is situated within a Category I Low-Rise Residential Exclusive Zone, offering a quiet residential environment with building coverage and floor area ratios of 40% and 80% respectively. The plot is a vacant lot with access to public water and sewer systems.

Critical agent notes provide essential details for prospective buyers. The transaction price of 12.7 million yen is exclusive of additional costs including brokerage commission, registration fees, application costs for permission under the Agricultural Land Law, and stamp duty. Furthermore, of the total transaction area of 247 sqm, 64 sqm (19.36 tsubo) is a private roadway with a width of approximately 2.8 meters. A water channel runs along the southeast side of the property. There is a building height restriction of 10 meters or less. Crucially, to complete the transaction, permission under Article 5 of the Agricultural Land Law (conversion of agricultural land) is required. This application must be entrusted to a judicial scrivener, incurring additional costs.