Owner-Change Property in Okayama City's Omote-cho District
This property, located in the Omote-cho 1-chome area of Kita-ku, Okayama City, is a two-story wooden building currently tenanted and offered as an owner-change investment. The building, constructed in March 1960, has a total floor area of 63.39 square meters. The ground floor functions as a shop, while the second floor serves as a living space, which can be used freely by the new owner. The property sits on a land area of 32.06 square meters.
The property is situated in a commercial district with a building coverage ratio of 80% and a floor area ratio of 500%, though the latter is restricted by the front road width. The site faces a public road of approximately 6 meters to the south. Access to public transport is convenient, with the 'Shiroshita' station on the Okayama Electric Tramway Higashiyama Line a 4-minute walk away, and 'Yubinkyoku-mae' station on the Seikibashi Line a 5-minute walk. Okayama Station on the JR Sanyo Line is a 17-minute walk. The neighborhood is well-served by amenities, including a supermarket about 50 meters away and the Tenmaya Okayama department store about 250 meters away.
The property is currently under a lease agreement, which will be taken over by the new owner. The annual estimated rent, assuming full occupancy, is 1,200,000 yen, yielding an estimated return of 4%. The current yield is also 4%. Please note that the yield is calculated as the ratio of annual rental income to the sale price, before deducting taxes and other maintenance costs. The estimated rent and yield are based on market rates and assume full occupancy. Rental income is not guaranteed for the future. This information is current as of April 11, 2024. The property has no parking space. The land is owned outright, and the land category is residential land. The delivery date is negotiable. This is a brokerage transaction.
