Tenant Building with Unique Ownership Structure in Miyakojima
This commercial property is a tenant building located in the Nishizato area of Miyakojima City, offering a solid investment opportunity with a stated yield of 7.68%. The building sits on a land area of 74.77 square meters and boasts a substantial total floor area of 267.56 square meters. Constructed in 1972 as a reinforced concrete block (RCB) structure, the property is situated in a commercial zone with favorable building coverage and floor area ratios of 80% and 400%, respectively.
Critical agent notes provide essential details about the property's unique characteristics. The building contains a well. The structure is built across two separate land plots (numbered 116 and 116-2). One of these plots (116-2) has a different owner. Furthermore, the building itself is subdivided. Specifically, one room on the first floor, measuring 107.17 square meters, has a separate owner, who is the same as the owner of plot 116-2.
The property is conveniently located in the vibrant city of Miyakojima, with the "Ichiba-dori" bus stop approximately a three-minute walk away, providing easy local access. The area is part of the stunning Miyako Islands, renowned for their pristine white-sand beaches and crystal-clear turquoise waters. A major landmark and premier tourist attraction nearby is the iconic Yonaha Maehama Beach, frequently ranked among Japan's most beautiful beaches, perfect for swimming and water sports.
