Atago House: An Investment Apartment Building in Nagasaki
This property is an eight-unit apartment building named Atago House, located in the Atago 2-chome area of Nagasaki City, Nagasaki Prefecture. The building was constructed in January 1978 and is a two-story wooden structure. The total land area is 309.63 square meters (approximately 93.66 tsubo), with a building area of 303.24 square meters (approximately 91.73 tsubo). The property is currently partially occupied, with three of the eight units rented out, generating a current yield of 22%. The projected yield at full occupancy is a significant 57.84%, or 2.89 million yen annually. The annual fixed asset tax for the 2025 fiscal year is 9,288 yen for the land and 64,516 yen for the building.
Key facilities and equipment for the building include city gas, tap water, a sewer system, air conditioning, and separate bath and toilet facilities. A critical special note from the agent states that the property will be transferred in its current condition ('現状引渡しとなります').
The property is situated in a highland area within Nagasaki's urban planning zone, designated as a Category I Low-Rise Exclusive Residential District. It has a building-to-land ratio of 50% and a floor area ratio of 100%. There is no parking included with the property. The transaction is handled as an exclusive intermediary sale.
The Atago neighborhood offers a quiet residential setting on a hillside. Nagasaki is a city rich with history and culture, famously being one of the few ports open to foreign trade during Japan's period of isolation. A major landmark easily accessible from this location is Glover Garden, an open-air museum of historic Western-style homes in the city, offering panoramic views of Nagasaki Harbor.
