Lake Biwa Plaza Investment Apartment
This property is a 14-story reinforced concrete apartment building located in Moriyama City, Shiga Prefecture, offering a solid investment opportunity. The specific unit for sale is on the 9th floor, providing excellent views of Lake Biwa, Mount Hiei, and the Hira mountain range. The apartment has a total floor area of 27.52 square meters.
According to the agent's notes, the property is currently tenanted, generating a monthly rental income of 33,000 yen, which includes water charges. This results in a gross yield of 14.45%. The building features a full-time daytime manager, an elevator, bicycle parking, and motorcycle parking. Parking for the unit is available on a self-service basis. The utilities are set up with public water supply and a sewer drainage system. The gas type is listed as 'other'.
The location offers convenient access to public transport, with Moriyama Station on the Tokaido Main Line accessible by a 21-minute bus ride plus a 1-minute walk from the 'Biwako Plaza Mae' bus stop. Alternatively, Katata Station on the Kosei Line is a 20-minute bus ride plus a 1-minute walk from the same stop. The area is well-serviced with amenities, including a 7-Eleven convenience store a 5-minute walk away, as well as supermarkets like Friend Mart and STAR within a short distance. The property is approximately 40 minutes from Kyoto by train.
Building facilities include an auto-lock security system. The monthly management fee is 11,000 yen, with a monthly repair reserve fund of 1,000 yen. The building was constructed in June 1979, making it 47 years old, and contains 160 units in total.
