Land for Sale in Shuri Kinjo-cho, Naha City, Okinawa
This 602.83 square meter (approximately 182.35 tsubo) plot of residential land is available for purchase in the historic Shuri Kinjo-cho district of Naha City, Okinawa. The property is listed at a price of 27,360,000 JPY and is situated on a corner lot with road frontage to the northwest. The land is designated within Naha City's urbanization area and is subject to a building-to-land ratio of 50% and a floor area ratio of 100%.
Critical agent notes provide essential details for potential buyers. The land currently generates annual leasehold income of 441,600 JPY (200 JPY per tsubo), yielding a current return of 1.61%. The site is sloped, and the road on the southwest side is narrow at approximately 2.5 meters wide; therefore, a setback of roughly 15 square meters may be required for any future reconstruction. The property is within a 7-minute walk from the main gates of both Josai Elementary School and Matsugawa Junior High School. All costs for installing electricity, gas, water supply, and sewage facilities are the buyer's responsibility. The construction of any building will require the installation of retaining walls. The delivery date for the property is subject to consultation due to the need for a definitive land survey. The seller is exempt from liability for non-conformities in the contract. Price negotiation is possible. The property falls under the Naha City Landscape Planning Area and the Shuri Kinjo District Urban Landscape Formation Zone as per the Landscape Act.
The Shuri area is rich in history, being the former capital of the Ryukyu Kingdom. A major landmark just a short distance away is the UNESCO World Heritage site of Shuri Castle, a reconstructed palace that was the royal court of the Ryukyu Kingdom and offers profound cultural and historical insights into Okinawa's unique heritage.
