Investment Opportunity: Military Land in Okinawa City
This listing presents a unique investment opportunity: a 579 m² plot of military land (軍用地) located in Awase, Okinawa City. The land is currently leased to the government, with an annual land lease fee of 864,744 yen, which is paid by the state with no history of arrears. The price is set at 42.37 million yen. The property is situated within a fenced area and is classified as miscellaneous land (雑種地). The return schedule is undetermined. The land can potentially be subdivided (分筆ご相談可能).
Critical financial details from the agent's notes are translated as follows: The surface yield is 2.04%. The land value appreciation rate is 1.19% (Reiwa 6 fiscal year). The inheritance tax assessment multiplier is 2.9 (Reiwa 6 fiscal year), with the inheritance tax assessment amount calculated as the fixed asset tax assessment amount × assessment multiplier × 60% (a 40% reduction). The land lease fee per square meter is 1,493.52 yen. The annual land lease fee is paid by the state (no arrears). A survey on reasons for purchasing military land includes: buying for future inheritance tax measures and for family; stable income as the tenant (the state) does not default; the land fee increases annually like a snowball (compound effect); wanting a hands-off investment; it's easy to start real estate investment (low risk, low return); and it offers better returns than bank interest rates.
The area of Awase in Okinawa City is known for its coastal scenery and proximity to the Awase Tidal Flat, an important wetland area. A major nearby landmark is the Okinawa Comprehensive Athletic Park, a large sports complex that hosts various events and is home to the Okinawa Cellular Stadium, where local football matches are held.
