Modern Investment Condominium in Tokyo's Fashionable Harajuku District
This is a well-located 1LDK condominium unit on the 5th floor of a 16-story building in the heart of Shibuya Ward's Harajuku. The property is currently tenanted, offering an immediate investment opportunity with an owner change. The annual projected rental income is 2.4 million yen, yielding an estimated 5.12% return. The spacious interior features a wall-core exclusive area of 38.8 sqm (approximately 11.73 tsubo) and includes a balcony.
The building itself is a significant asset, constructed in January 2009 by the renowned Takenaka Corporation, a major Japanese contractor known for high-quality design and construction. It is a large-scale condominium with 385 total units. Building amenities include an auto-lock security system, monitor-equipped intercom, 24-hour security, and elevators. The unit is equipped with a system kitchen, 2-burner stove, ample storage space, air conditioning, internet readiness, a dedicated indoor washing machine space, city gas, and hot water supply. Monthly running costs include a management fee of 13,080 yen and a repair reserve fund of 3,880 yen. There is an additional monthly cost of 4,710 yen. The land is under a fixed-term leasehold with a monthly ground rent of 55,620 yen, with the lease contract set to expire on March 31, 2061. The property is located in a Category II Medium-to-High-Rise Exclusive Residential Zone.
