Investment Opportunity: Laputa Mansion II & Totoro in Tomigusuku, Okinawa
This unique property presents a combined investment package consisting of a five-story apartment building named "Laputa Mansion II" and a single-story detached house named "Totoro," located on a generous 1,167.89 sqm plot in the elevated Kazashi area of Tomigusuku City. The site offers commanding views of Naha city from its 68-meter elevation. The property is being sold as-is and is positioned as a revenue-generating asset with a projected combined annual income of 13,284,000 yen and a surface yield of 7.9%.
The agent's notes provide detailed specifications for both buildings. Building 1 (Laputa Mansion II): This is a 5-story, reinforced concrete block structure with a flat roof, built in January 1976 (48 years old). It has a total floor area of 896.32 sqm. The building is situated in a Category 1 Residential Exclusive Zone with a height restriction of 10 meters. The floor-area ratio is 50/100. The layout consists of 20 2DK units and 5 1LDK units, housing a total of 25 households (5 units per floor). Parking is available for 22 cars, with space for 7 bicycles. External Wi-Fi is installed for the five households on the 5th floor only. There is no BS/CS antenna. Water and sewage connections are complete. The top floor has undergone a full renovation.
Building 2 (Totoro): This is a single-story, reinforced concrete block structure with a flat roof, built in June 1972 (52 years old). It has a total floor area of 72.92 sqm. It is also in a Category 1 Residential Exclusive Zone. The layout is a 4LDK. It houses a single household. Parking is available for approximately 10 cars (1 garage, 3 in front, about 6 at the rear). There is no internet. There is no BS/CS antenna. Water and sewage connections are complete. This building is pet-friendly, has air conditioning in all rooms following a renovation, and can be used as a combined office and residence, though office use is restricted due to zoning (non-residential floor area must be under 50 sqm and less than half of the total building area).
Facilities & Special Notes: For the five households on the 5th floor of the apartment building, facilities include two air conditioners, a washlet toilet, a stove (provided), and a rental gas clothes dryer. The detached house is equipped with four air conditioners, a washlet toilet, a stove (provided), and a rental gas clothes dryer. External painting and gas/water piping replacements have been completed. Important notes for buyers include: the buyer is responsible for ownership transfer registration and mortgage setup costs; the property is transferred in its current condition; part of the land is designated as a road (requiring a setback for any future reconstruction).
The area of Tomigusuku offers a blend of residential calm and growing urban convenience. An interesting local fact is that Tomigusuku is home to the Okinawa Prefectural Sports Park, a vast complex that hosted events for the 1987 National Sports Festival of Japan. The closest major tourist attraction is the iconic Shuri Castle in Naha, a UNESCO World Heritage Site and a magnificent reconstruction of the royal palace of the Ryukyu Kingdom, located within a reasonable driving distance.
