Lions Mansion Mihama Kita Baymark: An Ocean View Investment in Okinawa
This property presents a compelling investment opportunity within the Lions Mansion Mihama Kita Baymark, a well-established condominium building in the sought-after Mihama area of Chatan Town, Okinawa. Currently tenanted, the unit generates a stable annual rental income of 2.52 million yen from a monthly rent of 210,000 yen, offering a surface yield of 5%. The property is strategically positioned just a one-minute drive from the vibrant Mihama district, known for its comprehensive commercial facilities, ensuring a convenient and desirable lifestyle for residents.
The apartment itself is a spacious 3LDK layout with a total private area of 72.2 square meters. The floor plan includes Western-style rooms of 6 and 4.5 tatami mats respectively, a Japanese-style room of 4.5 tatami mats, and a generous combined living, dining, and kitchen area of 15.5 tatami mats. The building, constructed in February 2006 with reinforced concrete (RC), is a 9-story structure with a total of 41 units. This particular unit is located on the 2nd floor. Key building amenities include an elevator and an auto-lock security system for peace of mind.
As detailed in the agent's notes, the property features an indoor washing machine space. Important remarks include the fixed asset tax amount of 95,213 yen (for the 2024 fiscal year, Reiwa 6) and a note that the interior photographs were taken prior to the current tenant's occupancy. Interested parties are encouraged to inquire for further details.
The location is a major highlight. The residence boasts an ocean view and excellent sunlight. It is approximately a one-minute walk from the Hamagawa Gyokōmae bus stop. The area is exceptionally well-connected, being close to National Route 58 for easy transportation access. A standout feature is the proximity to Sunset Beach, a mere four-minute drive away, perfect for enjoying Okinawa's famous coastal sunsets. The region is rich in tourist attractions, including the historic Nakagusuku Castle ruins, a UNESCO World Heritage site, and the popular Okinawa Churaumi Aquarium, offering world-class marine exhibits.
