Okuma Rest Center E26-13: A Rare Military Land Investment Opportunity in Okinawa
This listing presents a unique investment opportunity in the form of a military land plot, designated as Okuma Rest Center E26-13, located in Momohara, Kunigami Village, Okinawa. Such properties rarely become available on the market. The land is classified as "miscellaneous land" with the potential for residential development. The total land area is 563 square meters (approximately 170.30 tsubo).
Critical details from the agent's notes have been fully translated: The facility name is Okuma Rest Center. The management number is E26-13. The asking price is 14.04 million yen. The yield multiplier is approximately 51x. The annual land lease fee is 275,318 yen per year, with a lease fee escalation rate of about 1.1%. The land category is miscellaneous land (type: land slated for residential use). Land fees and public charges are subject to pro-rated settlement; the land lease fee is settled on a pro-rated basis. The fixed asset tax is 0 yen (Reiwa 7 fiscal year amount). The assessed value (taxable base amount) is 23,701 yen (tax exemption point). The landowner association fee is 2,754 yen per year (1%). The ownership transfer registration cost is borne by the buyer. There is no scheduled return of the land. The title is under a single name. The transaction type is intermediary. The brokerage commission is (price x 3% + 60,000 yen) + consumption tax. The handling real estate company is Oroku Shokai Co., Ltd. Please note that the displayed price and land lease fee are calculated per square meter. The amount may vary depending on the handling of decimal points.
The property is situated in the northern part of Okinawa Island, an area renowned for its lush, subtropical forests and dramatic coastline. Kunigami Village is home to Yanbaru, a region designated as a UNESCO World Natural Heritage site for its unique biodiversity. A major landmark nearby is the iconic Cape Hedo, the northernmost point of Okinawa Island, offering breathtaking panoramic views of the ocean.
This land represents a strategic investment with a stable, income-generating lease structure and significant tax advantages, including a current fixed asset tax of zero. The absence of a scheduled return date adds to the long-term security of this asset. Prospective buyers should consult with the listed agent, Oroku Shokai Co., Ltd., for detailed financial projections and transaction procedures.
