Investment Opportunity: Le Cher Nakashō I & II in Kurashiki, Okayama
This is a multi-family apartment investment property located in Kurashiki City, Okayama Prefecture. The property consists of two buildings, Le Cher Nakashō I and Le Cher Nakashō II, offering a total of 36 residential units. The units are configured as 1LDK rooms, with 18 units per building, across two buildings. The property was constructed in September 2020 by Daiwa House, making it a relatively new construction at approximately 5 years and 6 months old.
The property features an auto-lock entrance system, security cameras, and a shared delivery box in the common area. Each unit includes dedicated toilet facilities, a separate bathroom and toilet, a warm water washing toilet seat, a shower, an indoor washing machine space, and internet connectivity. The building is equipped with a boiler-type hot water supply system, propane gas, city water, and sewage connections. A fire alarm system is installed, and a bicycle parking area is available.
The land area is 1,941.04 square meters (approximately 587.16 tsubo), and the total building area is 1,506.52 square meters (approximately 455.72 tsubo). The building is a three-story structure made of lightweight steel. The property is situated on a flat plot of land in a Category 1 residential zone within an urbanization area. The road frontage is 4 meters on the north side, facing a 6-meter-wide public road with pavement. Parking is available for a monthly fee of 5,500 yen.
The property is currently tenanted (owner-change), with an assumed annual rental income of 32,172,000 yen and a yield of 4.80%. The asking price is 670,000,000 yen. The location is a 7-minute walk from Nakashō Station on the Sanyo Main Line. The nearest elementary school is Nakashō Elementary School (2,300 meters away), and the nearest junior high school is Kita Junior High School (3,000 meters away).
