Modern Studio Apartment in Tokyo's Central Chiyoda Ward

This well-maintained studio apartment is located in the heart of Tokyo's prestigious Chiyoda ward, within the Toshin Phoenix Kanda Iwamotocho Niban-kan building. Built in January 2004, the property offers a compact yet efficient living space with a wall-core exclusive area of 24.64 sqm (approximately 7.45 tsubo) and includes a 3.12 sqm balcony. The building is a robust 14-story steel-reinforced concrete (SRC) structure, and this unit is situated on the 2nd floor. The property is currently occupied, with the handover date subject to consultation.

Key financial details include an asking price of 28.8 million yen. The monthly running costs consist of an 8,450 yen management fee and a 3,450 yen repair reserve fund. For investors, the property presents an opportunity with an estimated annual rental income of 1.09 million yen and a projected yield of 3.78%. The transaction is handled under an exclusive dedicated agency arrangement.

Translated agent notes on equipment and features confirm the apartment has a separate bath and toilet, city gas, and both water supply and sewage systems. Special notes indicate the property is undergoing an owner change. The building is managed under a fully outsourced, patrol-based management system. It is located in a commercial zone under the National Land Use Planning Act and comes with defect insurance and a performance evaluation.

The Iwamotocho area is a dynamic blend of traditional commerce and modern business, historically known as a center for the textile and apparel wholesale trade. It is exceptionally well-connected, with three major stations within a short walk: Kanda Station (JR Yamanote Line, 6 mins), Iwamotocho Station (Shinjuku Subway Line, 5 mins), and Shin-Nihombashi Station (JR Sobu Main Line, 6 mins). A major nearby landmark is the historic Kanda Myojin Shrine, a significant Shinto site famous for its vibrant festivals and proximity to the Akihabara electronics district.