Investment Opportunity in Uruma: A 20㎡ Military Land Parcel
This property listing presents a unique investment opportunity: a 20 square meter parcel of military land located in the Amagan district of Uruma City, Okinawa Prefecture. Priced at 1,185,000 JPY, this land is designated as "Camp Courtney" and is classified as land with residential development potential. The annual land lease fee is 25,218 yen, which is paid by the Japanese government, ensuring a stable and reliable income stream with no history of arrears.
The agent's special notes provide critical financial details. The surface yield is 2.12%. The inheritance tax assessment multiplier for fiscal year Reiwa 7 is 3.3, with the inheritance tax assessment amount calculated as the fixed asset tax valuation multiplied by the assessment multiplier and then by 60% (a 40% reduction). The scheduled return date of the land is undetermined. The plot is within a fenced area, and the land fee per square meter is 1,260.90 yen. The annual land lease fee is paid by the state with no delinquency. The notes also include a survey on reasons for purchasing military land, which reveals investor motivations: planning for future inheritance tax and providing for family; the stable income from a tenant (the state) that does not default; the compound effect of the land fee increasing annually like a snowball; the desire for a hands-off investment to build assets easily; the perception of it being an easy entry into real estate investment with low risk and low return; and the fact that it offers a better return than bank interest rates.
The area of Uruma City, formed from the merger of several towns, is known for its beautiful coastline and bridges connecting the islands of the Mid-Sea Road. An interesting fact is that Uruma is home to the Katsuren Peninsula, which features the historic Katsuren Castle, a UNESCO World Heritage site as part of the "Gusuku Sites and Related Properties of the Kingdom of Ryukyu." The closest major landmark to this property is the iconic Ikei Bridge, part of the series of stunning bridges that offer panoramic views of the East China Sea and are a popular scenic drive for tourists.
