Shimizu Building: An Investment Opportunity in Ikebukuro, Tokyo
This commercial building, known as the Shimizu Building, presents a compelling investment opportunity in the bustling Ikebukuro district of Tokyo's Toshima Ward. The property is a six-story reinforced concrete structure with a total floor area of 478.58 sqm (approximately 144.77 tsubo) situated on a 121.9 sqm (approximately 36.87 tsubo) plot of land. Built in September 1984, the building currently contains 10 units (including both residential and retail spaces), with 9 units currently occupied and generating rental income.
According to the agent's notes, the property is currently tenanted, and the lease agreements are to be transferred to the new owner. The estimated annual rental income at full occupancy is 16,500,000 yen, which, against the asking price of 488,000,000 yen, translates to a projected yield of 3.3%. A critical note clarifies that this yield calculation is based on the annual rental income (including common area fees) relative to the sale price, before the deduction of taxes, public charges, and other necessary maintenance expenses. The estimated rent and yield are calculated based on market rates, adding potential rent for the vacant unit to project full occupancy. It is explicitly stated that future rental income is not guaranteed to be reliably obtained. (Survey date: March 26, 2026).
The building's location is a major asset, offering excellent access to multiple train lines. It is approximately a 5-6 minute walk from Ikebukuro Station, providing access to the Tokyo Metro Fukutoshin Line, JR Yamanote Line, and the Tobu Tojo Line. This connectivity makes it highly accessible for tenants and visitors alike.
