Investment Opportunity: F Series Hinode-cho Apartment Building in Kurashiki
This listing presents a multi-unit apartment building, the F Series Hinode-cho A & B Buildings, located in Kurashiki City, Okayama Prefecture. The property, built in February 1986, is a two-story light steel structure with a total of 22 units. The total land area is a substantial 728.98 sqm (approximately 220.52 tsubo), with a total building floor area of 359.16 sqm (approximately 108.65 tsubo). The layout consists of 1K (one room with kitchen) units.
Critical agent notes provide essential details. The property's equipment and facilities include: water supply, sewer system, air conditioning, hot water supply, and a combined bath and toilet unit. Special notes on road access detail that the property fronts a 4.8-meter wide public road to the south, with one-sided access. A crucial remark states that currently, 18 out of the 22 units are tenanted, indicating a strong, immediate income stream for a prospective investor. The property is listed as "under lease," confirming its status as an occupied investment. Additional parking is available for three or more vehicles at a monthly fee of 3,000 yen per space.
The property is situated in a Category II Residential Zone within an urbanization promotion area. The building-to-land ratio is 60% with a floor area ratio of 200%. The land is flat and registered as residential land. The ownership is freehold (ownership rights). The property is within an 11-minute walk (880 meters) from Kurashiki Station on the Sanyo Main Line, offering excellent connectivity.
The Kurashiki area is renowned for its beautifully preserved Bikan Historical Quarter, featuring white-walled storehouses and willow-lined canals, offering a glimpse into Japan's Edo period. A major landmark near this property is the iconic Kurashiki Ivy Square, a charming complex of red-brick buildings covered in ivy, originally a cotton mill and now housing museums, shops, and hotels, located just a short distance from the historical district.
