Spacious Corner Land Plot with Existing Structures in Okinawa City
This substantial land parcel, located in the Morimisato 3-chome district of Okinawa City, offers a generous 576.36 square meters (approximately 174.34 tsubo) of prime residential-zoned land. The property is a corner lot with excellent road frontage on all sides, providing significant potential for development or renovation. The site is currently occupied by an unregistered structure, including a house, fences, and an old well, which are to be demolished by the buyer upon transfer.
Critical agent notes specify the following conditions: The existing buildings (including fences and the old well) will be handed over on the premise that the buyer will demolish them. As the building is unregistered, it will not be subject to ownership transfer registration at the time of sale. Price adjustments equivalent to the demolition costs are open for negotiation. Fixed asset taxes will be adjusted according to the timing of the sale. The costs for the ownership transfer registration will be borne by the buyer. Although the registered area and the actual measured area differ, the sale will be based on the actual measured area. Additional costs include: a contract stamp duty (approx. 100,000 JPY, subject to change based on sale price), an agency commission (3,517,800 JPY including tax, subject to change), and the aforementioned ownership transfer registration fees (estimate required). Furthermore, as this property falls under the Important Land Transaction Notification Law, notification procedures are required before the sales contract can be finalized.
The land is designated for First Category Residential use with a building coverage ratio of 60% and a floor area ratio of 200%. Utilities including water and sewerage are available. The lot is flat and corner-shaped, with wide surrounding roads enhancing access and visibility.
The Morimisato area of Okinawa City offers a blend of residential calm and convenient access to central Okinawa. A notable nearby landmark is the Okinawa Comprehensive Athletic Park, a vast public space featuring sports facilities, walking paths, and open green areas, perfect for recreation and family outings. This region is steeped in history, having been significantly influenced by the post-war presence of nearby U.S. military bases, which has contributed to its unique cultural fusion of American and Okinawan influences.
