Spacious Investment Opportunity in Sakaiminato, Tottori
This property presents a unique investment opportunity as an owner-change property. It is a former Panahome (now Panasonic Homes) residence, currently tenanted, offering a projected annual income of 600,000 yen and an estimated annual yield of 10.36%. The property features include public water supply, an individual septic tank, and individual LPG gas. Parking is available for three or more vehicles.
The residence itself is a two-story light-gauge steel structure built in April 1992. It offers a generous 4LDK layout across a total floor area of 114.64 sqm (34.67 tsubo). The property sits on a sizable plot of land measuring 181.34 sqm (54.85 tsubo), providing ample outdoor space. The land is situated in a Category 1 Residential zone with building-to-land ratio of 60% and floor area ratio of 200%. Other notable points include that it is located within a land readjustment project area and is subject to sunlight restrictions.
Located in the Tottori Prefecture city of Sakaiminato, the property is an 18-minute walk from JR Sakai Line's Sakaiminato Station. The area offers convenient daily living with a Lawson convenience store 1,100m away, a The Big supermarket 550m away, and a Super Drug Himawari store 1,100m from the home. A special note regarding the inquiry process: "This information will be automatically reflected in other inquiries (discarded after 30 minutes) *Available only for some properties."
The surrounding region of Tottori is famous for its dramatic coastal sand dunes, a rare geographical feature in Japan. The area is also steeped in folklore, being the birthplace of the legendary manga artist Shigeru Mizuki, who created GeGeGe no Kitaro. A major nearby tourist attraction is the Mizuki Shigeru Road in Sakaiminato, a street lined with over 150 bronze statues of the artist's beloved yokai (monster) characters, drawing fans from across the country.
