Owner Change Opportunity: South-Facing Studio Apartment in Yoyogi, Shibuya
This is a studio apartment (one-room) currently generating rental income, located in the sought-after Yoyogi 2-chome area of Shibuya, Tokyo. The property is part of the "Seventh Stars Heights Yoyogi" building, a reinforced concrete (RC) structure built in June 1983. It is situated on the 1st floor of a 3-storey building and offers a private, south-facing balcony of 2.3 sqm, ensuring excellent sunlight.
The unit has a private floor area of 19.2 sqm (approximately 5.8 tsubo) and is currently tenanted, generating an estimated annual rental income of 900,000 yen, which translates to a projected yield of 5.76%. A key requirement for the transaction is that upon handover, the new owner must inherit the existing lease agreement with the current tenant. The monthly running costs include a management fee of 6,620 yen and a repair reserve fund of 4,800 yen.
According to the agent's notes, the property is equipped with air conditioning in all rooms, fiber-optic internet connectivity, and uses city gas for cooking and hot water. The special notes highlight that the property is located in a quiet residential neighborhood. The remarks reiterate the mandatory succession of the current lease agreement upon transfer of ownership.
