Investment Opportunity in Naha: A 25m² Military Land Parcel with Stable Returns
This listing presents a unique investment opportunity: a 25 square meter (approximately 7.56 tsubo) parcel of military land located in Gushi, Naha City, Okinawa. The property is offered for sale at 5.8 million yen and is designated as a revenue-generating asset with no scheduled return to the government, providing a stable foundation for asset management. The land is classified as "zasshuchi" (miscellaneous land) with the specific category of "takuchi mikomichi" (land projected for residential use).
Critical financial details from the agent's notes are fully translated and incorporated here. The annual land lease fee for Reiwa 7 (2025) is 112,032 yen, with a fixed asset tax for the same period of 9,555 yen. The annual escalation rate is approximately 1.0%. Other confirmed costs include fixed asset tax, landowner association fees, and pro-rated land fee adjustments. There is no scheduled return of the land. The costs for ownership transfer registration are to be borne by the buyer. An estimated breakdown of initial costs can be provided upon request. It is important to note that joining a landowner association is not possible, as the contract is directly with the Defense Bureau. The listed price (including land lease fees) is calculated per square meter, and slight variations may occur due to rounding; please be aware of this in advance. The land lease fee, landowner association fee, and escalation rate are calculated based on the Reiwa 7 fiscal year facility unit price.
The area of Gushi in Naha offers convenient urban living. An interesting historical fact is that Naha was the capital of the Ryukyu Kingdom for centuries, a thriving hub of maritime trade in East Asia. The property is situated near a significant local landmark, the Naha Military Base (Japan Air Self-Defense Force Naha Base). For investors or those interested in the region's culture, a major tourist attraction within a reasonable distance is the magnificent Shuri Castle, a UNESCO World Heritage Site and the former palace of the Ryukyu Kingdom, offering profound historical insights and stunning architecture.
