Land Investment Opportunity in Kagamizu, Naha City
This property is a 459 square meter plot of land located in the Kagamizu area of Naha City, Okinawa Prefecture. The land is designated as farmland and is offered for sale at a price of 109,020,000 yen. This is a land-only transaction, with no existing structures on the property.
Critical information from the agent's notes reveals this is a specialized investment property. The land is part of the Japan Ground Self-Defense Force Naha Training Field (military land). It is subject to a leasehold arrangement with a 53x multiplier and an annual lease fee of 2,056,967 yen. The agent specifically notes that this lease fee is increasing year by year. This property is being marketed as a measure for inheritance tax planning, indicating its potential use as a financial and estate planning asset rather than for immediate residential development.
The Kagamizu district in Naha offers a blend of suburban living with convenient access to the urban core of Okinawa's capital. An interesting fact about Naha is that it is built around the historic Shuri Castle, a UNESCO World Heritage site and the former palace of the Ryukyu Kingdom. The area is rich in cultural history distinct from mainland Japan. The closest major landmark is the Shuri Castle Park, the meticulously reconstructed heart of the ancient Ryukyuan civilization, located a short drive from the property.
