Compact Investment Apartment in Kagoshima's Historic Castle Hill Area

This property is a one-room apartment for sale located in Kagoshima City's Shiroyama-cho district. The apartment is situated on the 2nd floor of a 5-story above-ground (with 1 basement floor) reinforced concrete (RC) building constructed in March 1985. The private floor area is 15.38 square meters (approximately 4.65 tsubo). The monthly management fee is 7,000 yen and the repair reserve fund is 2,000 yen. The property is currently tenanted, with an estimated annual rental income of 264,000 yen, projecting a yield of approximately 9.42%. The transfer timing is negotiable. The building management is fully outsourced with a patrol-based management system.

The area, Shiroyama-cho, is part of Kagoshima's historic core, named for the iconic Shiroyama (Castle Hill) that overlooks the city. This hill is the site of the final stand of the Satsuma Rebellion in 1877 and is now a beautiful public park offering panoramic views of Kagoshima Bay and the active volcano Sakurajima. The apartment is conveniently located just a 7-minute walk from the "Shiyakusho-mae" (City Hall Front) tram stop, providing easy access to the city center.

This apartment presents a straightforward investment opportunity in a stable, historic neighborhood with strong tourist appeal due to its proximity to major landmarks and convenient urban access.