Lions Tower Okayama Sennichimae - Investment Opportunity in Okayama City

This property is a 2LDK apartment located on the 10th floor of a 20-story tower condominium, the Lions Tower Okayama Sennichimae, situated in Okayama City's Kita Ward. Built in January 2023, the apartment offers a floor area of 66.3 square meters and a balcony of 22.7 square meters. The unit faces south and is currently tenanted, making it an owner-change investment opportunity.

The property is accessible via multiple transport options: a 4-minute walk from the Okayama Electric Tramway Higashiyama Line's Saidaiji-cho Halenowa-mae Station, a 5-minute walk from the Seikibashi Line's Daionji-mae Station, and a 15-minute bus ride from JR Okayama Station. The building has a total of 84 units and is managed by a full-time management company. The land is under freehold ownership.

Key details include a monthly management fee of 27,455 yen (with a breakdown of 20,055 yen for the residence and 7,400 yen for common areas), a monthly repair reserve fund of 9,900 yen (7,600 yen for the residence, 1,600 yen for common areas, and 700 yen for parking), and a parking fee of 12,000 yen per month for a middle roof space. The current monthly rental income is 170,000 yen, with an estimated annual yield of 4.5% based on the full occupancy rent of 2,040,000 yen. The property is being sold with an existing lease agreement in place.

The surrounding area offers convenience with a supermarket (Fresh Marché 3-chome) about 300 meters away, a convenience store (FamilyMart) about 240 meters away, and a hospital (Kawasaki Medical School General Medical Center) about 480 meters away. The property is being handled by Mitsui no Rehouse Okayama Station Front Center.