Investment Opportunity: Land Parcel in Okinawa City's Awase District
This listing presents a 145 m² (approximately 43.86 tsubo) land parcel for sale in the Awase area of Okinawa City, Okinawa Prefecture. The land is designated as military-use land (軍用地) associated with the Awase Communication Facility. The asking price is 10,610,000 JPY. A key feature of this investment is the annual land lease fee of 216,560 JPY, which is noted to be increasing year by year, indicating a rising income stream for the owner.
Critical agent notes have been translated in full: The property offers a yield of approximately 49 times. Annual land lease fee: 216,560 JPY. Prorated adjustment for public charges and land lease fees: Yes. Fixed asset tax: 23,421 JPY. Landowner association fee: 866 JPY per year (0.4%). Brokerage commission: 416,130 JPY (tax included). Ownership transfer registration costs: To be shared equally by seller and buyer. Scheduled return: None. Title: Sole ownership. Land category: Miscellaneous land (official register) / Classification: Land expected to become residential. *Note: The land category on the tax statement is "field." *The listed price (including land lease fee) is calculated per square meter. Please be aware that the final amount may vary slightly due to rounding methods for decimal places.
The Awase district in Okinawa City offers a blend of residential and natural environments. An interesting local fact is that the nearby Awase Tidal Flat was once considered for Ramsar wetland designation due to its rich biodiversity, highlighting the area's ecological significance. For visitors and residents alike, a major nearby attraction is the Okinawa Comprehensive Athletic Park, a vast public sports complex that hosts various events and is a hub for community activity.
