Commercial Building Investment Opportunity in Setagaya, Tokyo
This commercial building, located in the vibrant Setagaya ward of Tokyo, presents a significant investment opportunity. The property is a 9-story SRC (steel-reinforced concrete) structure built in October 1991, offering a total floor area of approximately 1,957.07 sqm (592.01 tsubo) across 15 units. The land area is a substantial 467.62 sqm (141.45 tsubo). The building is conveniently situated just a 3-minute walk from both the Keio Line and Tokyu Setagaya Line's "Shimo-Takaido" Station, ensuring excellent accessibility.
Critical agent notes provide essential details for potential investors. The property's facilities include an elevator, a bicycle parking area, and an outdoor motorcycle parking space. The road frontage details specify two-sided road access (excluding corner lots): a 5-meter wide public road to the southwest with a 20.4-meter frontage, and a 40-meter wide public road to the north with a 10.7-meter frontage.
Important remarks clarify the transaction terms: the sale is exempt from seller's liability for non-conformities (including equipment), will be transferred in its current condition, and is based on the public registry. A significant note is that an urban planning road project has been officially decided for the eastern side, primarily affecting the parking area. While an inspection certificate was issued in the past, the current first-floor garage space has been converted for retail use. The stated income includes signboard usage fees, parking fees, and consumption tax. Additionally, electricity and water costs for each unit are collected monthly as actual expenses alongside the rent. The building management service contract is to be inherited in principle, and the leasing management is to be entrusted.
The surrounding Setagaya area is one of Tokyo's most desirable residential and commercial districts, known for its blend of urban convenience and a relaxed, green atmosphere. An interesting local fact is that the nearby Tokyu Setagaya Line is one of only two tram lines still operating in central Tokyo, offering a charming, retro mode of transport. The area is also within comfortable reach of major tourist attractions like the historic Meiji Jingu Shrine, a vast forested sanctuary in the heart of the city.
