Spacious Investment Apartment Building in Maniwa, Okayama
This property presents a solid investment opportunity: a three-unit apartment building located in Maniwa City, Okayama Prefecture. The building, named the Nimi Apartment, was constructed in October 1974 and features a wooden structure. It offers a total floor area of 128.64 square meters (approximately 38.91 tsubo) across a single story. The land area is a generous 319.99 square meters (approximately 96.80 tsubo).
Critical details from the agent notes include the road access situation: the property fronts a one-way road to the south. This public road has a width of 6 meters, with a paved frontage of 5.2 meters connecting to the plot. The property is designated as residential land (宅地) within an unzoned urban planning area. Building-to-land ratio and floor area ratio are set at 60% and 200%, respectively. The land is described as terraced (ひな段) and sloping. Importantly, the current status is tenanted, indicating an existing income stream.
The property includes one free parking space. Ownership is full freehold (所有権). There are no additional key money, security deposits, or association fees required for the land rights. The property is listed for sale at 10,000,000 JPY.
The area of Maniwa City in Okayama Prefecture is known for its beautiful natural scenery, including parts of the Hiba-Dogo-Taishaku Quasi-National Park. An interesting local fact is that the city is home to the historic Yubara Hot Springs, one of the oldest hot spring resorts in the Chugoku region, famed for its clear, gentle waters. The closest major landmark from this property is the iconic Kibi Plain, a vast and historically significant area known for its ancient burial mounds and scenic cycling route through the countryside.
