Ando Mansion: A Well-Located Investment Apartment Building in Shimonoseki

Presenting Ando Mansion, a six-unit apartment building located in Shimonoseki City, Yamaguchi Prefecture. This property offers a solid investment opportunity with an owner change underway and a current annual projected yield of 9.6%, based on a projected annual income of 960,000 yen. The building, constructed in March 1977, is a durable three-story reinforced concrete (RC) structure with a total floor area of approximately 314.82 square meters (about 95.23 tsubo). The land area is a substantial 190.68 square meters (about 57.68 tsubo).

The property's equipment and facilities include separate bath and toilet units and storage space. A special note regarding road access details that the property fronts on one side. The breakdown specifies an eastern frontage of 11 meters onto a 7-meter wide public road, which is paved. The land is flat, rectangular in shape, and located within an urbanization promotion area zoned for neighborhood commercial use, with a building coverage ratio of 80% and a floor area ratio of 200%.

The current occupancy status shows two units are occupied and four are vacant, with a monthly rent per unit of 40,000 yen. The layout of the units is 2DK. The building does not include dedicated parking facilities. The transfer of the property is negotiable, and the land is eligible for rebuilding. The property is being sold through an exclusive intermediary.

The area, Shimonoseki City, is famous as the gateway between Honshu and Kyushu via the Kanmon Straits. An interesting local fact is that the city is historically known for the Battle of Dan-no-ura, the decisive naval clash that ended the Genpei War in 1185. The closest major landmark is the iconic Kanmon Bridge, which connects Shimonoseki to Kitakyushu and offers spectacular night-time illumination.