Gara Hills Akasaka 803: A Modern Investment Condominium in Central Tokyo
This property is a compact 1K layout condominium unit located on the 8th floor of the 10-story Gara Hills Akasaka building, constructed in February 2013. The unit features a wall-core exclusive area of 26.1 square meters (approximately 7.89 tsubo) and includes a balcony. The building is a reinforced concrete (RC) structure with a total of 10 floors. The property is currently vacant and ready for immediate handover, presenting an excellent investment opportunity with a projected annual rental income of 1,788,000 yen and an estimated yield of 3.73%.
Key financial details include a listed price of 47,800,000 yen. Monthly fees consist of a management fee of 11,900 yen, while there is no repair reserve fund or repair reserve foundation. There are no initial lump-sum payments required. The management system is fully outsourced with no on-site superintendent. The property comes with a defect insurance guarantee and a performance evaluation. The land use district is categorized as Category II Residential Area.
The unit is situated in the prestigious Minato Ward, specifically in the Akasaka 6-chome area. Akasaka is a vibrant district known for its blend of business, entertainment, and dining, home to many corporate headquarters, upscale restaurants, and embassies. A notable nearby landmark is the Hie Shrine, a historic and important Shinto site famous for its stunning Senbon Torii (thousands of vermilion gates) tunnel, similar to the one in Kyoto.
