Investment Apartment Building in Hiroshima's Central Business District
This is a multi-unit apartment building for sale, located in the commercial area of Otemachi 4-chome, Naka Ward, Hiroshima City. The property is a 5-story steel-reinforced concrete (SRC) structure built in August 1987, containing 14 residential units. The total building area is 302.36 sqm (approximately 91.46 tsubo), situated on a 147.17 sqm (approximately 44.51 tsubo) plot of land. The building layout is designated as 1LDK, with individual unit sizes ranging from 37.32 sqm to 72 sqm.
The property is currently tenanted, and the purchase requires taking over the existing lease agreements. The current annual rental income is 5,388,000 yen, yielding a current return of 4.8%. The projected annual rental income at full occupancy is 6,996,000 yen, with a projected yield of 6.3%.
Special Notes/Remarks (Translated from Agent Notes): ※The yield is the ratio of the annual rental income (including common area fees, etc.) to the sales price, and is calculated before deducting public charges and other expenses necessary to maintain the property. Furthermore, the projected rent and projected yield are calculated based on market rent rates, adding rent for vacant units and assuming full occupancy. ※Rental income is not guaranteed to be reliably obtained in the future. (Survey date: -)
Additional Remarks: Currently leased (lease agreement takeover required).
The property is in a prime commercial zone with high asset value, fronting a road over 6 meters wide. Access is convenient, with the Hiroshima Denki Ujina Line's Shiyakusho-mae Station just a 5-minute walk away. The land is designated for commercial use within the urbanization promotion area, with a building-to-land ratio of 80% and a floor area ratio of 700%.
