Investment Property: Sanpundo Building in Nakasu, Hakata Ward
This property is a four-storey building located in the Nakasu district of Hakata Ward, Fukuoka City. The building is situated along Meiji-dori, a main road with a width of approximately 26 meters, offering a prominent position in one of Japan's most famous entertainment areas. The property is currently tenanted, with a lease agreement that the new owner must inherit.
The building has a total floor area of 231.42 square meters (approximately 70 tsubo) on a land area of 68.33 square meters (approximately 20.66 tsubo). The layout is effectively one floor per level (one floor x 4). The structure is steel-framed reinforced concrete (SRC), built in June 1982, and stands four storeys high. The land is zoned as commercial, with a building coverage ratio of 80% and a floor area ratio of 700%.
Current monthly rent is 699,501 yen, resulting in an estimated annual rental income of 8,394,012 yen. The projected yield is approximately 1.5%. It is important to note that this yield is calculated as the ratio of the annual rental income (including common area fees) to the sale price, before deducting property taxes, management fees, and other necessary expenses for maintaining the property. The estimated rent and yield are based on market rent levels and assume full occupancy by adding rent for any vacant units. Rental income is not guaranteed to be obtained consistently in the future.
