Commercial Property in Koriyama City, Fukushima Prefecture
This commercial property, located in the Honcho 2-chome area of Koriyama City, Fukushima Prefecture, is currently being leased as an office. The building is a two-story steel-framed structure, completed in March 1987. The total land area is 771.68 square meters (approximately 233.43 tsubo), and the total floor area of the building is 514.76 square meters (approximately 155.71 tsubo).
The property is positioned on a corner lot with road frontage on three sides. To the south, it faces a public road with a width of 8.1 meters and a frontage of 39.6 meters. To the west, it faces a public road with a width of 17.8 meters and a frontage of 41.5 meters. To the east, it faces a public road with a width of 5.1 meters and a frontage of 24.2 meters. The land is classified as residential land within a commercial zone in an urbanization promotion area, with a building coverage ratio of 80% and a floor area ratio of 400%.
The property is subject to a perpetual superficies right (with ground rent), and the current monthly ground rent is 226,000 yen. The current gross yield is calculated at 13.53%, which is derived from the rental income after deducting the ground rent. The property is located within a flood inundation assumption area with a water depth of 0.5 to less than 3.0 meters, and it is also within an area containing buried cultural properties (requiring a confirmation survey).
