Land Parcel for Sale Adjacent to Naha Air Base in Okinawa
This property is a 110.28 m² land parcel located in Miyagi, Naha City, Okinawa Prefecture. The land is designated as military-use property (軍用地) and is situated right next to the runway of Naha Airport, which is also home to the Japan Air Self-Defense Force's Naha Base. The sale is for a 2/7 shared ownership stake in the land. The annual lease fee for the land is 494,208 yen (prorated adjustments apply), and the annual fixed asset tax is 42,151 yen (prorated adjustments apply). The property offers a surface yield of approximately 1.88%.
A key advantage of this transaction is that the seller is the listing real estate company itself, meaning no brokerage commission (which would typically be around 930,000 yen for a property with a price-to-rent ratio over 2x) is required from the buyer. The property is available for immediate handover.
The listing agent, Chubu Kōsan Corporation's Naha Shintoshin Branch, emphasizes their long-standing expertise. Founded in 1982 with over 40 years of experience, they boast the largest number of offices in the area and comprehensively cover Okinawa's real estate information. They offer personalized support to help clients find their ideal home or investment property, from first-time purchases to addressing concerns about management. Their services include introductions to various loans, assistance with financial planning, and thorough advice on taxes and legal matters.
