Land for Nagaya-Style Apartment Development in Fussa, Tokyo
This listing is for a plot of land totaling 529.00 square meters (approximately 160.02 tsubo) located in Fussa City, Tokyo. The site is designated as apartment land, specifically suited for a nagaya-style (row-house style) apartment building. The land is irregularly shaped, described as a deformed alley-like plot.
The property's facilities include propane gas, municipal water supply, and electricity connections. A reference building plan is provided, suggesting a potential 10-unit apartment building with a construction cost of 70 million yen. The total projected price including the building is 125 million yen. This development is estimated to generate an annual income of 9.48 million yen, yielding an assumed return on investment of 7.58%.
The land is situated in a flat area within the First Category Low-Rise Exclusive Residential District, with a building-to-land ratio of 40% and a floor area ratio of 80%. Access to public transport is available via the Ome Line, with "Ushihama" Station an 11-minute walk away. The current condition of the land includes an old house, and the property is available for immediate transfer.
