Land for Sale in Naha City, Okinawa with Unique Leasehold Structure
This 99 square meter plot of land is available for purchase in the Kagamizu area of Naha City, Okinawa. The property is designated as farmland with the classification of "land expected to become residential." The listed price of 23.1 million yen includes the annual land lease fee.
Critical agent notes provide essential details on the financial structure of this transaction. The land has a leasehold arrangement with an annual land lease fee of 443,659 yen. There is a prorated settlement for public charges and the land lease fee. The fixed asset tax is also subject to prorated settlement and amounts to 37,837 yen per year. Notably, there is no brokerage commission required from the buyer as the seller is covering this cost. The costs associated with ownership transfer registration are to be split between the parties. The title will be under a single name. The displayed price, which includes the land lease fee, is calculated per square meter. Please be aware that the final amount may vary slightly due to rounding methods for decimal places.
The Kagamizu district in Naha offers a suburban residential feel while maintaining proximity to the urban core of Okinawa's capital. An interesting historical fact about Naha is that it was almost entirely rebuilt after the Battle of Okinawa in 1945, leading to its modern cityscape. The closest major landmark is the iconic Shuri Castle, a UNESCO World Heritage site and a reconstructed symbol of the Ryukyu Kingdom's rich history, located just a few kilometers away.
