Oceanfront Investment Opportunity in Chiba's Coastal Resort Town

This property presents a unique investment opportunity within a resort condominium complex in the scenic coastal town of Katsura, Chiba Prefecture. The unit is a 1K layout with a wall-core exclusive area of 24.16 sqm (approximately 7.3 tsubo). It is situated on the 2nd floor of a 15-story reinforced concrete (SRC) building constructed in June 1990. The apartment benefits from a southeast-facing primary exposure and features a sunroom.

Key equipment and features of the building include ample storage space, storage in all rooms, a BS antenna terminal, optical fiber internet, an auto-lock security system, city gas, and an elevator. A special note is that the property is currently under an owner-change scenario and is tenanted, providing an immediate rental income stream. The projected annual rental income is 396,000 yen, with an estimated yield of 15.84%. It is important to note that there is a land leasehold right on a portion of the property (with no ground rent). Pets are negotiable. The monthly costs include a 6,000 yen management fee and a 5,990 yen repair reserve fund, with additional running costs for water base charge (1,800 yen/month) and association fees (320 yen/month).

The location is exceptionally privileged, offering panoramic views of the Katsura sea. It is immediately adjacent to the Sawakura Fishing Port and just a 4-minute walk from the Katsura Sawakura Swimming Beach, placing you right at the water's edge. The area is part of the beautiful Chiba coastline, known for its fresh seafood and relaxed atmosphere. A notable nearby landmark is the iconic Katsuura Fishing Port, one of the major ports for landing tuna in Japan, offering a vibrant and authentic glimpse into the local fishing industry.