Property Overview: Arcadia, a Mixed-Use Investment in Sapporo's Teine Ward
This property, named Arcadia, is a mixed-use reinforced concrete building located in Shinhakkan 5-jo, Teine-ku, Sapporo, Hokkaido. It is being offered as an owner-change property, meaning the current owner is selling while the building is partially tenanted. The building was constructed in June 1997 and comprises four floors. The total land area is 330.96 square meters (approximately 100.11 tsubo), and the total building area is 528.93 square meters (approximately 160.00 tsubo). The property is zoned as a Category 1 Residential District with a building coverage ratio of 60% and a floor area ratio of 200%. The road frontage is on the southeast side, facing a public road approximately 8 meters wide. The property includes a valid inspection certificate.
The building contains a total of six units. The first floor has one commercial tenant unit, which is currently being used by the owner and is scheduled to be vacated upon the sale. The second floor contains one residential unit (a 5LDK layout), also occupied by the owner and scheduled to be vacated upon the sale. The third and fourth floors each contain two residential units, all with a 2LDK layout, which are currently occupied by tenants. In total, four out of the six units are currently generating rental income as of May 2026. The third and fourth floor units (four units) also have trunk rooms.
Regarding the financial aspects, the current annual rental income is 2,928,000 yen, representing a current gross yield of approximately 4.61%. The estimated annual rental income at full occupancy is 6,600,000 yen, which would yield an estimated gross return of 10.39%. Please note: The yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting taxes, public dues, and other necessary maintenance costs. The estimated rent and yield are calculated based on market rent levels, adding rent for vacant units to simulate full occupancy. This does not guarantee that rental income will be consistently obtained in the future. The property is currently under lease, and the lease agreements will need to be taken over by the new owner. The transfer date is negotiable.
