Tenant Building Investment Opportunity in Naha's Shuri Sueyoshi District
This commercial property is a tenant building located in Naha City's Shuri Sueyoshi 4-chome. The building sits on a 111.04 square meter plot of land and offers a total floor area of 187.1 square meters. Constructed in March 1982, this 44-year-old reinforced concrete (RC) structure is situated along Prefectural Route 82 and the Yui Rail monorail line, ensuring excellent visibility and accessibility. A key feature is its current status as fully occupied, presenting an immediate income stream for an investor. The property boasts a surface yield of 5.08% per annum.
The land is designated as residential land within an urbanization promotion area and a quasi-residential zone. There is no private road burden. The building coverage ratio is 60% with a floor area ratio of 200%. The property faces southwest onto a 24-meter-wide road. Convenient access is provided by the Yui Rail monorail, with Shirobyoinmae Station approximately a 5-minute walk away, and the Naha City Hospital bus stop about a 4-minute walk.
The area is part of the historic Shuri district, the former capital of the Ryukyu Kingdom. A fascinating local fact is that Shuri Castle, a UNESCO World Heritage site and the royal palace of the Ryukyu Kingdom, is located just a short distance away. This historic landmark, though tragically damaged by fire in 2019, is undergoing reconstruction and remains a central cultural and tourist attraction, drawing visitors from around the world and adding to the area's unique character.
