Land for Sale in Okinawa City with Future Urban Planning Potential
Critical agent notes provide essential financial and planning details. The price remarks specify that the contract stamp duty, fixed asset tax settlement, and ground rent settlement are the buyer's responsibility. The property is connected to propane gas, city water, and sewer systems. Further remarks detail ongoing costs: the annual ground rent is 193,200 yen (as of Reiwa 6/2024), and the fixed asset tax is 29,000 yen (for the Reiwa 6 fiscal year).
The most significant feature is its location within the planned Nakano-machi District Land Readjustment Project. This large-scale project is divided into 8 blocks, with this land situated in the 5th block. Each block follows a 5-year plan. As a reference, provisional land replacement for the 1st block is scheduled for Reiwa 6 (2024), with construction work expected to begin in Reiwa 11 (2029). Please note that the front road is planned for expansion, which will result in a reduction of the plot area.