Investment Opportunity: Military Land Parcel in Uruma, Okinawa

This listing presents a unique investment opportunity: an 80 m² parcel of military land located in the Amagan district of Uruma City, Okinawa. Priced at 4.74 million yen, this property offers a hands-off investment with stable returns. The land is designated as "Camp Courtney" and is leased to the government, ensuring a reliable income stream.

Critical investment details from the agent's notes are as follows: The surface yield is 2.12%. The inheritance tax assessment multiplier is 3.3 (for fiscal year Reiwa 7/2025), with the inheritance tax assessment amount calculated as the fixed asset tax valuation × assessment multiplier × 60% (a 40% reduction). The scheduled return date of the land is undetermined. The plot is within a fenced area. The land rent per square meter is 1,260.90 yen. The annual land rent is paid by the national government with no history of arrears.

The listing includes a revealing survey on why investors purchase military land: for future inheritance tax planning and for family security; because the tenant (the government) does not default, providing stable income; because the land rent increases annually, creating a snowballing compound effect; for a truly passive, hands-off investment strategy; as an easy entry point into real estate investment due to low risk and return; and because it offers a better return than bank interest rates, making it an effective asset swap.

The area of Uruma City is rich in Okinawan history and culture, formed from the merger of several towns. An interesting local fact is that the city is home to the iconic Kaichu Doro, a series of causeways connecting four islands, offering breathtaking ocean views. The closest major tourist attraction is the Katsuren Castle Ruins, a UNESCO World Heritage site that offers panoramic views and a deep dive into the Ryukyu Kingdom's history.