Commercial Investment Property with Existing Rental Income in Miyakojima

This commercial property, located in Miyakojima City, Okinawa, presents a compelling investment opportunity with an established tenant and immediate income stream. The property consists of a 57.3m² (approximately 17 tsubo) steel-framed building situated on a spacious 535.36m² (approximately 161 tsubo) plot of residential land. The building, constructed in April 2017, currently houses a car rental company operating under a fixed-term lease agreement, serving as both their office and equipment yard. The premises include a steel garage, and the office is equipped with a toilet and kitchen. An on-site septic tank is installed as an underground facility.

Critical investment details from the agent's notes are as follows: The land is 161 tsubo and the building is 17 tsubo. The annual rental income is 1,560,000 yen, yielding a surface return of 4.8%. The property is currently leased to a car rental company under a fixed-term contract. Driving times (4 minutes to Miyako Airport and 10 minutes to Yonaha Maehama Beach) are based on Google Maps measurements and may vary depending on road conditions.

The location offers excellent convenience, being just a 2-minute walk from the "Makuzoku" bus stop. By car, Miyako Airport and the AEON Miyakojima City shopping mall are approximately 4 minutes away, while the stunning white sands of Yonaha Maehama Beach are about a 10-minute drive. The area is part of the captivating Miyako Islands, renowned for some of Japan's most pristine coral reefs and brilliant blue waters. A notable local landmark is the iconic, 1,850-meter-long Irabu Bridge, one of Japan's longest toll-free bridges, connecting Miyako Island to Irabu Island and offering spectacular ocean views.