Prime Land for Stable Asset Investment in Okinawa City
The agent's notes provide critical financial details. The listed price of 57.3 million yen includes the land lease fee. Annual costs for Reiwa 7 (2025) are broken down as follows: the annual land lease fee is 1,102,536 yen, the fixed asset tax is 104,668 yen, and the landowner association fee is approximately 4,410 yen per year (0.4%). The annual escalation rate for these fees is approximately 1.0%. It is important to note that the land lease fee, association fee, and escalation rate are calculated based on Reiwa 7 facility unit prices. The price per square meter is used for calculation, and slight variations may occur due to rounding. The costs associated with the transfer of ownership are to be borne by the buyer. The seller can also provide an estimate of initial costs upon request.
The area of Okinawa City offers a vibrant mix of local culture and modern conveniences. An interesting fact is that Okinawa City hosts one of the largest annual festivals in the prefecture, the Okinawa City Carnival, which features a massive Eisa dance parade. The closest major landmark is the Kadena Air Base, a significant installation of the United States Forces Japan, which has shaped the cultural and economic landscape of the surrounding communities for decades.
