Palais d'Or Kudanshita: A Compact Investment Apartment in Central Tokyo
This property is a compact 1K apartment located in the prestigious Palais d'Or Kudanshita building in Chiyoda Ward, Tokyo. The unit offers a private area of 22.54 sqm (approximately 6.81 tsubo) with a 2.63 sqm northwest-facing balcony. The building itself is a robust 12-story SRC (steel-reinforced concrete) structure built in March 1997, containing 51 units in total. This particular apartment is situated on the 3rd floor.
Key financial details include a monthly management fee of 12,610 yen and a repair reserve fund contribution of 9,700 yen. The property is currently tenanted, providing immediate rental income. A critical note from the agent states: 'From April, the annual income is scheduled to change to 1,092,000 yen, with a yield of 3.32%.' This indicates a planned adjustment to the rental terms, offering a clear projection for potential investors. The transaction is handled as an exclusive intermediary listing.
The location is exceptionally convenient, with multiple train stations within a short walk. The Tokyo Metro Tozai Line's Kudanshita Station is a 4-minute walk, its Iidabashi Station is 5 minutes away, and the Tokyo Metro Hanzomon Line's Kudanshita Station is also just a 4-minute walk. This provides direct access to major hubs like Otemachi, Shinjuku, and Shibuya.
The surrounding Chiyoda and Iidabashi area is a fascinating blend of modern government offices, corporate headquarters, and historical sites. It is home to the iconic Imperial Palace and its expansive East Gardens, offering a serene escape in the heart of the metropolis. The nearby Yasukuni Shrine and its associated Yushukan museum are significant historical landmarks, while the Kanda Myojin Shrine is a vibrant cultural center famous for its role in the Kanda Matsuri festival. For investors, this apartment represents a low-maintenance entry into Tokyo's stable central rental market, with clear income projections and a prime, well-connected address.
