F Stage Toyosaki Riverfront: A Spacious Condominium Investment with Residential Potential
This property, listed as "F Stage Toyosaki Riverfront," is a substantial condominium unit located in the Toyosaki area of Tomigusuku City, Okinawa. The unit is currently tenanted, generating a monthly rental income of 160,000 yen and an annual income of 1,920,000 yen, which translates to a surface yield of approximately 5.5%. The tenancy is under a fixed-term lease agreement. A key feature highlighted by the agent is that after the tenant vacates, the property is highly recommended for self-occupation, offering a dual-purpose opportunity as both an investment and a future personal residence.
The property boasts a generous land share of 3,637.29 square meters (approximately 1,100.28 tsubo) and a building area of 73.72 square meters (22.3 tsubo). The layout is a spacious 3LDK configuration, comprising three bedrooms, a living room, dining room, and kitchen. The specific room breakdown includes a Western-style room of 6.5 jo, another Western-style room of 5.3 jo, and a Japanese-style (tatami) room of 6 jo, with the LDK area measuring 16.5 jo. The structure is a robust 2-story Reinforced Concrete (RC) building, constructed in October 2009 (approximately 16 years old). The property is pet-friendly, adding to its appeal for a wide range of occupants. It is situated on a corner plot with road frontage to the east (12m wide), south (18m wide), and west (17m wide), within a City Planning Area zoned as Category I Residential.
The Toyosaki district in Tomigusuku City is a modern, developed area known for its mix of residential comfort and commercial convenience. It offers easy access to shopping and daily amenities. An interesting fact about the area is its proximity to the Okinawa Convention Center and the expansive Toyosaki Seaside Park, which provides beautiful waterfront views and recreational space. The closest major tourist attraction is the iconic Okinawa Convention Center, a landmark venue for international events and exhibitions, located just a short distance away.
