Rivier Okinawa Unit 403: A Coastal Investment with Stable Yield and Future Potential
Presented for sale is Rivier Okinawa Unit 403, a 2DK apartment located in the Maezato area of Itoman City. This is an owner-change property currently under a fixed-term lease, offering a stable surface yield of 6%. This presents a compelling opportunity to acquire an income-generating asset while retaining the flexibility for future personal use as a second home or a relocation base.
The property boasts a practical 2DK layout with Japanese-style rooms, providing a comfortable living space. The building itself is a sturdy 11-story SRC (steel-framed reinforced concrete) structure built in April 1985. Unit 403 is situated on the 4th floor. The condominium has a total of 64 units and is managed by an owners' association with partial outsourcing. The unit features a private area of 41.32 square meters (approximately 12.49 tsubo). Monthly fees include a 4,120 yen management fee and a 3,000 yen repair reserve fund. Please note that pets are not permitted, and parking is not available with the unit (subject to a lottery system). The transaction is handled as an exclusive intermediary.
The location offers excellent convenience for daily life, with a supermarket and schools within immediate proximity. Public transport is easily accessible, with the Itoman Post Office bus stop just about a one-minute walk away. The area's standout feature is its proximity to the ocean, making it ideal for weekend relaxation and refreshment by the sea. For those with a vision, the property also presents an opportunity for future renovation to customize it to personal taste.
The surrounding Itoman area is rich in Okinawan history and culture. An interesting local fact is that Itoman is traditionally known as a fishing town, with a deep-rooted heritage in seafaring. For recreation and tourism, the famous Peace Memorial Park, a solemn and expansive national park dedicated to the victims of the Battle of Okinawa, is a major landmark located within the city, offering panoramic ocean views and reflective spaces.
