Investment Opportunity: Subdivided Military Land in Uruma, Okinawa
This listing presents a unique investment opportunity: a parcel of land for sale that is part of a larger military-leased property (軍用地) in the Amagun area of Uruma City, Okinawa. Specifically, this plot is situated within the Camp Courtney area. The core offering is the subdivision and sale of portions from a larger 2,408 sqm tract. The featured example is a 270 sqm (approx. 81.7 tsubo) plot with an asking price of 15.66 million JPY.
Critical details from the agent's notes are as follows: This is Okinawa military land in Uruma City, Amagun [Camp Courtney 270 sqm]. In the case of subdividing a 270 sqm portion from the total area of 2408 sqm, the annual lease fee is 340,443 yen with a multiplier of 46. The annual lease fee and fixed asset tax will be prorated and settled at the time of transaction completion. There are no brokerage fees. There is no scheduled return (of the land to the owner). [Subdivision Plan/Examples] This property is for sale by subdivision from a total area of 2408 sqm! Example 1: Area: 270 sqm, Sale Price: 15.66 million yen, Annual Lease Fee: 340,443 yen. Example 2: Area: 500 sqm, Sale Price: 29 million yen, Annual Lease Fee: 630,450 yen. Example 3: Area: 600 sqm, Sale Price: 34.8 million yen, Annual Lease Fee: 756,540 yen. The above are examples, and consultations are being accepted for subdivision based on other areas and budgets. (Example inquiry: budget of 10 million yen portion, lease fee of 1 million yen portion, etc.) Please be advised in advance that the consultation period for subdivision may have already passed at the time of your inquiry. The subdivision process takes approximately 2 to 2.5 months to complete (the contract is made before the subdivision is complete, and the remaining balance payment is made after the subdivision is complete).
The land is classified as miscellaneous land (雑種地) with a residential land prospect (宅地見込地). Ownership rights are transferred, and the transaction is handled via brokerage. The fixed asset tax is listed as 31,878 yen. The area is not within an urban planning zone and has no designated land use district.
The Amagun area in Uruma City offers a more residential pace of life while remaining within reach of central Okinawa. An interesting local fact is that Uruma City was created in 2005 from the merger of four towns, symbolically connecting several islands via the iconic Mid-Sea Road (Kaichu Doro). The closest major tourist attraction is the Katsuren Peninsula, known for the UNESCO World Heritage site of Katsuren Castle Ruins, which offers stunning panoramic views of the East China Sea and a deep dive into Ryukyuan history.
