Ocean View Investment Apartment Building in Ishigaki's Kabira Bay
This property presents a rare investment opportunity: an 18-unit apartment building in the highly desirable Kabira district of Ishigaki City, Okinawa. Currently operating at full occupancy, the building offers a stable annual income of approximately 12 million yen with a surface yield of 6.4%. This represents a chance for an owner change to embark on a lifestyle and investment venture on Ishigaki Island, combining spectacular ocean views with reliable rental returns.
As detailed in the agent's special notes, the building's layout is meticulously planned: Floors 1-2 contain six 2LDK (two bedrooms, living, dining, kitchen) units, and Floors 3-4 contain twelve 1R (studio) units. A key feature is that every single unit in the building boasts an unobstructed ocean view, a major selling point for tenants and a source of premium rental value. The property sits on a generous 960.95 sqm plot and features a reinforced concrete (RC) structure built in July 2006.
The Kabira area is one of Ishigaki's most iconic locations, renowned worldwide for its stunning bay. Kabira Bay is a protected marine park famed for its crystal-clear emerald waters, white sandy beaches, and unique black pearl cultivation. It is a major tourist draw and a designated Place of Scenic Beauty. Living or investing here places you at the heart of one of Okinawa's premier natural attractions, ensuring enduring appeal and demand.