Spacious 2LDK Condominium in Chatan, Okinawa
This property is a 74.33m² (22.48 tsubo) condominium located on the 7th floor of a 12-story reinforced concrete (RC) building in the popular Chatan area of Okinawa. The unit features a 2LDK layout, offering two bedrooms, a living room, dining room, and kitchen. Pets are permitted, subject to specific building rules and regulations. The building was constructed in September 2013, making it approximately 12 years old.
The condominium sits on a substantial land plot of 874.27m² (264.46 tsubo) with no private road maintenance obligations. The land rights are freehold (ownership). The urban planning designation is non-line designated area, and the land use district is categorized as a Type 1 Mid-to-High Rise Residential Zone, with a building coverage ratio of 60% and a floor area ratio of 200%. The property fronts roads to the northeast (6m wide) and southeast (12m wide).
The listing price has been reduced from 51.8 million yen to 46.9 million yen, presenting a significant opportunity. The agent notes highlight the property's versatility: it can be rented out immediately for an estimated monthly income of 200,000 yen (2.4 million yen annually), or the buyer can choose to reside in it themselves after any current tenants vacate. This flexibility makes it an attractive option for both investors and owner-occupiers.
The property is situated in Chatan Town, a vibrant coastal area known for its American Village shopping and entertainment complex, beautiful sunsets over the East China Sea, and popular beaches like Araha Beach. A major nearby landmark is the Chatan Park, which offers recreational facilities and scenic views. The area is a blend of local Okinawan culture and modern amenities, making it a highly desirable location for living and investment in Okinawa Prefecture.
