Investment Opportunity in Naha's Kuba District: A Fully Occupied Apartment Building with Solar Income
This is a prime investment property located in the sought-after Kuba area of Naha City, Okinawa. The building is a four-story reinforced concrete (RC) structure built in July 1994, offering a total floor area of 632.76 square meters (approximately 191.41 tsubo) on a 351.35 square-meter (106.28 tsubo) plot of land. The layout is highly functional, featuring a spacious 50-tsubo (approx. 165 sqm) shop/office space on the first floor. The second floor contains an office and three one-room units, while the third and fourth floors each house six one-room apartments, totaling 15 residential units. The rooftop is equipped with solar panels, generating additional income. The property is situated on a corner lot with road frontage of 5 meters to the east and 25 meters to the west, within an Urbanization Area zoned as Category II Residential.
Critical agent notes have been translated: The property is fully occupied. The annual rental income is 11.76 million yen, with an additional annual solar power income of 96,000 yen, resulting in a yield of 6.60%.
The Kuba district is a vibrant area with high demand for commercial spaces like restaurants and offices, making this a stable income-generating asset. The property offers a combined revenue stream from tenant rents and solar power sales, presenting a compelling opportunity for investors seeking yield in Naha. Comprehensive property and income documentation is available for serious inquiries.
The area of Naha is rich in history and culture. An interesting fact is that Naha was the capital of the Ryukyu Kingdom for centuries, a thriving independent trading nation. The closest major tourist attraction is the magnificent Shuri Castle, a UNESCO World Heritage site and the former palace of the Ryukyu kings, located just a few kilometers north in Shuri.
