A Compact Investment Property in Osaka's Miyakojima Ward
This property is a two-story wooden house built in January 1900, offering a total floor area of 53.77㎡ (approximately 16.26 tsubo) on a land plot of 31.60㎡ (approximately 9.55 tsubo). The layout is a 4DK, comprising four rooms plus a dining-kitchen area. The property is currently tenanted, presenting an immediate rental income opportunity for an investor. The land rights are structured as an ordinary leasehold (chintaiken), with a remaining lease period of 23 years and 4 months and a monthly ground rent of 18,000 yen.
Essential utilities are all connected: city gas, water supply, sewerage, and electricity. Critical notes from the agent detail the road access: to the north, there is a 4.7-meter wide private road, with a frontage of 2.7 meters connecting to the property; official position designation is not required. Additional remarks confirm that a judicial scrivener is designated for the transaction, there are mandatory disclosure items, and the rental guarantee company is already in place.
Located in the Miyakojima Ward of Osaka City, this area is a well-established residential district with a local, community feel. An interesting historical fact is that the ward is home to the Osaka City Museum of Fine Arts, housed in a former headquarters of the Naniwa Savings Bank, which is a designated Tangible Cultural Property of Japan. The closest major landmark is the expansive Osaka Castle Park, a short distance away, offering vast green spaces, historical sites, and seasonal events.
