Prime Investment Property in Miyakojima's Educational District
This well-located detached house in Miyakojima City's Nishizato district presents an excellent investment opportunity with a surface yield of 4.9%. The property features a 4LDK layout within a 77.09m² building on a 122.79m² plot, constructed in December 2005 with a reinforced concrete structure. The interior is well-maintained and in clean condition. The location is highly convenient, within walking distance of elementary, junior high, and high schools, as well as a San-A supermarket, convenience stores, and the post office.
Critical agent notes have been translated: The property is offered in its current condition and is under a fixed-term lease contract. It is situated in a designated educational and cultural district where minpaku (private lodging) is permitted, but hotel/ryokan business operations are not allowed. It falls within a cityscape zone, specifically a central commercial/business landscape area with no height restrictions. The fixed asset tax is 105,825 yen (Reiwa 7). Parking is limited to one light vehicle within the property grounds, though parking on adjacent land may be negotiable.
The area of Miyakojima is renowned for its stunning beaches and crystal-clear waters, forming part of the larger Okinawan archipelago. An interesting fact is that Miyakojima is famous for its strong, consistent winds, making it a premier destination for windsurfing and kitesurfing in Japan. The closest major landmark is the iconic, long-spanning Irabu Bridge, which connects Miyako Island to Irabu Island and offers breathtaking panoramic views of the East China Sea.
