Kyomachi Tenant Building: A Prime Commercial Investment in Yanagawa
This commercial property, known as the Kyomachi Tenant Building, presents a compelling investment opportunity in the historic city of Yanagawa, Fukuoka Prefecture. Strategically located within the Kyomachi Shopping District, this three-story steel structure offers immediate rental income as a fully occupied, three-unit building. The property is an owner-change listing, meaning it is being sold with existing tenants in place, providing a stable and predictable revenue stream from day one.
Critical agent notes have been translated and provide essential financial details. The property is a one-building, three-unit owner-change property. It boasts a surface yield of 14.33% with an operational annual rental income of 1,576,800 yen. The total number of units is three, and the building is currently at full occupancy. Additional special notes regarding road access specify: the property fronts one road. The details are: East side, width 6m, public road, frontage 15m, paved.
The building itself was constructed in March 1985, making it approximately 40 years old, and features a durable steel frame construction. It offers a substantial total floor area of approximately 244.45 square meters (about 73.94 tsubo) situated on a land plot of 92.98 square meters (about 28.12 tsubo). The property is within a commercial zone with favorable building coverage and floor area ratios. While there is no dedicated parking lot, its prime location in a shopping street ensures high visibility and foot traffic. The nearest major train stations are Yagabe Station, an 18-minute walk, and Nishitetsu Yanagawa Station, a 16-minute walk, providing regional connectivity.
The area of Yanagawa is famously known as the "City of Water," renowned for its picturesque canals often explored by traditional flat-bottomed boats called "donkobune." A major tourist attraction is the Yanagawa River Cruises, where visitors can glide through the old castle moats and waterways, enjoying the scenic views and learning about the city's samurai heritage. This unique cultural atmosphere adds to the charm and appeal of the location, supporting a vibrant local economy centered around tourism and commerce, which benefits retail and service-oriented tenants.
