Land for Sale in Okinawa City with Annual Ground Rent

This 643.88 square meter plot of land is located in the Kagarawa area of Okinawa City, Okinawa Prefecture. The property is designated as residential land and is offered for sale at a price of 58,740,000 yen. The listing includes detailed financial notes that are critical for potential buyers. The annual ground rent is 1,305,273 yen. The brokerage commission is 2,004,420 yen (including tax). For the transfer of ownership, the buyer is responsible for the stamp duty of 30,000 yen. The ground rent has an estimated annual increase rate of approximately 0.4%. As the land is currently not subdivided, consultations regarding the size of the plot are welcomed. The estimated fixed asset tax for the fiscal year Reiwa 7 (2025) is 126,020 yen. There will be a settlement of ground rent, and the land is considered prospective residential land.

This land presents a substantial opportunity for development or investment. The detailed breakdown of ongoing costs, including the ground rent and taxes, provides full transparency for financial planning. The flexibility regarding the subdivision of the plot allows buyers to potentially tailor the land to their specific needs, whether for residential construction or other purposes aligned with the residential land designation.