Military Land Investment Opportunity in Chatan, Okinawa
This listing presents a 1,028 square meter parcel of military land (軍用地) located in the Sunabe area of Chatan Town, Okinawa Prefecture. The land is currently leased to the government, specifically the Army Fuel Storage Facility (陸軍貯油施設), and is offered for sale at a price of 93.2 million yen. The property is fenced and designated as miscellaneous land (雑種地). It is held under sole ownership (単独名義) and is situated outside of urban planning zones.
Critical financial details from the agent's notes are provided. The property offers a surface yield (表面利回り) of 1.88%. The land rent (地料) appreciates at a rate of 1% annually (as of Reiwa 6). The inheritance tax assessment multiplier is 3.0 for the same period, with the inheritance tax valuation calculated as the fixed asset tax valuation multiplied by the assessment multiplier and then reduced by 40%. The scheduled return date of the land is undetermined (返還予定: 未定). The land rent per square meter is 1,710.44 yen, and the annual land rent of 1,758,324 yen is paid by the state with no history of arrears. The listing includes a survey on reasons for purchasing military land: for future inheritance tax measures and for family; because the tenant (the state) does not default, ensuring stable income; because the land rent increases annually in a snowballing compound effect; for a hands-off investment to build assets easily; as an easy debut into real estate investment due to low risk and low return; and because it offers better returns than bank interest rates.
The area of Sunabe in Chatan is renowned for its beautiful coastline and is a popular spot for locals and tourists alike, particularly for its sunsets and relaxed atmosphere. A major nearby landmark is the iconic Mihama American Village, a large entertainment and shopping complex with a Ferris wheel, offering a unique blend of American and Okinawan culture just a short distance away. This property represents a unique investment opportunity in a dynamic and growing part of Okinawa.
