Spacious Investment Property with High Annual Yield in Naha City

This substantial investment property, located along the Naha City Nakaima Bypass, offers a vast land area of 3,139.59 square meters (approximately 949.72 tsubo). The site features a 3-story reinforced concrete (RC) apartment building with a total floor area of 1,466.1 square meters, built in April 1986. The property is presented as a lucrative investment opportunity with an estimated annual revenue of approximately 18 million yen.

Critical agent notes have been provided, which must be carefully considered. The property is offered in its current condition ('現状有姿'), meaning it is sold as-is. Subdivision of the land is not permitted ('分筆不可'). There are costs associated with the demolition of two existing structures on the property, which are subject to consultation ('要相談→上物2棟解体費等'). Furthermore, a setback requirement ('セットバック') needs to be confirmed ('要確認→セットバック').

The property is situated in a convenient location within Naha City, Okinawa Prefecture, approximately a 5-minute walk from the Nakaima bus stop. The area is noted for its proximity to universities and colleges, making it suitable for family-oriented or student housing investments. The urban planning designation is urbanization promotion area, with a land use district of quasi-residential and first category low-rise residential.

The surrounding Naha area is rich in culture and history. An interesting fact is that Naha was once the capital of the Ryukyu Kingdom, a vibrant trading nation with cultural links across East Asia. The closest major landmark is the magnificent Shuri Castle, a UNESCO World Heritage site and a symbol of Okinawa's unique Ryukyuan heritage, located just a few kilometers from the property.