Investment Opportunity in Tokyo's Bunkyo Ward: A Turnkey Commercial-Residential Building
This property is a two-story wooden building located in the popular Nezu area of Bunkyo Ward, Tokyo, and is an owner-change listing. It is currently fully occupied and operational, with the first floor leased to a restaurant and the second floor leased for residential use. As an owner-change property, this real estate investment allows the purchaser to begin receiving rental income immediately after acquisition. The yield is a modest approximately 3%, but the location in the highly desirable Nezu area within central Tokyo's Bunkyo Ward makes it a recommended property for those prioritizing stable rental demand and future asset value. With a small scale (two units), management effort is relatively low, making it suitable for consideration as a long-term hold, central Tokyo-style building investment. *Please note: As this is an owner-change property, taking over the existing lease agreements is a condition of purchase. *Owner-occupancy is not permitted. *Property viewings are generally not allowed.
The building was constructed in May 1967 and features a wooden structure. It has a total floor area of 91.61 sqm (approximately 27.71 tsubo) situated on a land plot of 74.97 sqm (approximately 22.67 tsubo). The property is within a commercial zone under the City Planning Act, with a building-to-land ratio of 80% and a floor area ratio of 600%. It is conveniently located within a 7-minute walk from Tokyo Metro Chiyoda Line's Sendagi Station, a 15-minute walk from Toei Mita Line's Hakusan Station, and a 19-minute walk from the JR Yamanote Line's Nippori Station.
The Nezu area is a charming district known for its blend of traditional and modern Tokyo. It is home to the famous Nezu Shrine, a historic Shinto shrine established in the early 18th century, renowned for its beautiful azalea garden that blooms spectacularly in spring, attracting many visitors. The area retains a traditional shitamachi (downtown) atmosphere with narrow streets, independent shops, and cafes, while being just minutes from the bustling centers of Ueno and Sendagaya.
