Prime Residential Development Land in Okayama City
This listing presents a prime residential development plot located in Urayasu Nishi-cho, Minami Ward, Okayama City, Okayama Prefecture. The land parcel, with a surveyed area of 182.99 square meters (approximately 55.35 tsubo), is offered for sale at 17.1 million yen. The property is designated as miscellaneous land (雑種地) within a City Planning Act urbanization control area, with a building-to-land ratio of 60% and a floor area ratio of 200%. The site is currently vacant land (更地) and is ideally suited for residential use.
Critical agent notes have been provided, detailing specific conditions and procedures for the transaction. The property will be delivered after the completion inspection of the private development and construction work, though this timeline may vary due to delays in permits and approvals. The final price will be adjusted based on an actual measurement settlement after the definitive survey and subdivision registration are completed. An easement is planned to be established on the extended site (road portion) for each lot. For lots 16-41 and 16-42, which are scheduled to correspond to the road portion, water pipes are planned to be laid. Importantly, a bank mortgage cannot be placed on the extended site (road portion).
The property is equipped with access to propane gas, a public water supply, a septic tank, and electricity. Additional costs include a development permission burden fee of 550,000 yen and a waterworks construction burden fee of 250,000 yen. The location offers convenient access, with the Minami Fureai Center bus stop just a 5-minute walk (370m) away.
The Minami Ward area of Okayama City is a pleasant residential district. An interesting local fact is that Okayama is famously known as the "Land of Sunshine" due to its low annual rainfall and abundant sunny days. The area is within reasonable proximity to major cultural sites, including the iconic Okayama Castle, a famous black castle known as "Crow Castle" (U-jo), and the beautiful Korakuen Garden, one of Japan's three great gardens, offering a serene escape just a short drive from the property.
