Prime Residential Land for Sale in Tokyo's Itabashi Ward

This prime residential land parcel is located in the highly accessible Oyamakanaicho district of Tokyo's Itabashi Ward. The property offers a substantial land area of 283.49 square meters (approximately 85.75 tsubo) with a favorable building-to-land ratio of 60% and a floor area ratio of 300%, providing significant development potential. The land is designated for residential use within a Category II Residential Zone, ensuring a peaceful living environment. The site is conveniently situated within a 6-minute walk from the Oyamaguchi Station on the Tobu Tojo Line and a 12-minute walk from the Itabashi Kuyakusho-mae Station on the Toei Mita Line, offering excellent connectivity to central Tokyo.

According to the agent's notes, the property has a building on it and the handover timing is negotiable. The land rights are under the old law leasehold system, with a monthly ground rent of 192,343 yen and a lease period of 20 years. The land is situated within an urbanization promotion area. The site has road frontage on two sides (excluding corner lots): an 8-meter wide public road to the east with a frontage of 13.1 meters, and a 4-meter wide private road to the south with a frontage of 14 meters. A key legal consideration is that a set-back of 14.03 square meters is required. The property is listed for sale at a price of 138,000,000 yen.