Investment Opportunity in Tokushima City
This is a used condominium unit located in Itsumachi, Tokushima City, Tokushima Prefecture. The property is situated on the 6th floor of an 8-story reinforced concrete building named 'Sharumu Itsuki'. The unit offers a 1K layout with a floor area of 17.89 square meters, featuring a 6-tatami mat Western-style room and a 2-tatami mat kitchen. The balcony measures 4.2 square meters and the main light source faces southeast.
This is an owner-change property, currently tenanted, generating an annual rental income of 420,000 yen with a projected gross yield of 14%. The building was constructed in February 1985 and has a total of 50 units. The management style is full consignment with patrol visits. The property includes security cameras, city gas, an elevator, and free bicycle parking. The land is freehold and the zoning is commercial district.
The property is located a 5-minute walk from Nikiya Station on the Mugi Line and a 1-minute walk from the Tomitabashi-dori Roku bus stop. Nearby amenities include a shopping facility, a convenience store, a university, a high school, a hospital, and a bank. The property is being sold in its current condition. Fixed property tax is 20,106 yen annually, and registration costs are 100,000 yen. A separate brokerage fee is required.
