Investment-Grade Condominium in Tsukuba, Ibaraki
This is a well-presented 3LDK condominium unit located on the 7th floor of an 11-story reinforced concrete (RC) building constructed in October 1995. The property boasts a generous wall-core exclusive area of 67.83 sqm (approximately 20.51 tsubo), featuring a spacious 12.6-tatami mat LDK area, one Japanese-style room (6 tatami), and two Western-style rooms (4.9 and 5.4 tatami). The unit benefits from a southwest-facing balcony measuring 7.64 sqm, ensuring excellent natural light.
Key equipment and features include air conditioning, an auto-lock building entrance, a corner-unit location, city gas supply, and an elevator. This is an owner-change property, currently tenanted, offering an estimated annual rental income of 960,000 yen and a high surface yield of approximately 9.7%. The monthly fees are 12,270 yen for management and 14,075 yen for repair reserve fund.
Special notes from the agent are critical: the property will be sold in its current condition (as-is) with the seller exempt from liability for non-conformities in the contract. The current monthly rent is 80,000 yen. The sale is conditional upon the buyer entering into a property management agreement with Kazusoya Fudosan.
The condominium is situated in the vibrant Sakuracho district of Tsuchiura City, Ibaraki Prefecture. Tsuchiura is a historic city known for its beautiful waterfront on Lake Kasumigaura, Japan's second-largest lake. The area is famous for its annual Tsuchiura All Japan Fireworks Competition, one of the most prestigious pyrotechnic events in the country. The property is conveniently located approximately 500 meters from Tsuchiura Station on the Joban Line, providing direct access to Tokyo. The closest major landmark is the expansive and scenic Lake Kasumigaura, a popular spot for boating, fishing, and enjoying stunning sunsets.
