Investment Opportunity: Military Land Parcel in Yomitan Village, Okinawa
This listing presents a 323 m² (97.7 tsubo) parcel of military-use land located within the Kadena Ammunition Storage Area in the Ōwan district of Yomitan Village, Okinawa Prefecture. The land is designated as "zasshuchi" (miscellaneous land) and is offered for sale at a price of 19,460,000 JPY. The property is situated within a fenced area and is leased to the Japanese government, which pays the annual land lease fee without delay, ensuring a stable and reliable income stream for the owner.
Critical investment details from the agent's notes have been translated and are as follows: The surface yield is 1.96%. The inheritance tax assessment multiplier for FY2025 (Reiwa 7) is 3.5, with the inheritance tax assessment amount calculated as the fixed asset tax assessment amount × assessment multiplier × 60% (a 40% reduction). The scheduled return date of the land is undetermined. The land lease fee per square meter is 1,181.36 JPY, and the annual land lease fee of 381,579 JPY is paid by the state with no arrears. The listing also includes a survey on reasons for purchasing military land: purchased for future inheritance tax planning and for family; the tenant (the state) does not default, providing stable income; the land lease fee increases annually, creating a snowballing compound effect; desired a hands-off investment for easy asset building; considered it an easy debut into real estate investment (low risk, low return); and it offers a better return than bank interest rates, making it an asset swap.
