Prime Land Parcel in Okinawa's Kunigami Village with Subdivision Potential

This substantial land parcel, spanning 5,256 square meters (approximately 1,589.9 tsubo), is located in the Hentona area of Kunigami Village, Okinawa. It is presented as a prospective residential plot (宅地見込地) and is offered for sale at a price of 97.67 million yen. The land is held under sole ownership (単独名義), and the costs associated with the transfer of ownership registration will be borne by the buyer.

Critical details from the agent's notes are as follows: There will be no settlement of land lease fees or fixed asset taxes. The fixed asset tax is currently non-taxable as it falls below the exemption threshold, though there is a possibility of taxation if the owner possesses other real estate within the same municipality. An annual landowner association fee of 25,702 yen (equivalent to 10/1000 of the land lease fee) applies. There is no scheduled return of the land. The seller has provided examples of potential subdivision sales, subject to consultation: a plot for approximately 57 million yen with an annual lease of about 1.5 million yen; a plot for approximately 38 million yen with an annual lease of about 1 million yen; and a plot for approximately 19 million yen with an annual lease of about 500,000 yen. If subdivision is pursued, the associated costs will be covered by the seller, and the process is estimated to take approximately 1 to 2 months.