Property Overview: Mutsumi Building in Tsuyama, Okayama
This is a multi-tenant commercial property known as the Mutsumi Building, located in the Numazu area of Tsuyama City, Okayama Prefecture. The property is situated along Yanagi Street and is being sold as an owner-change property, meaning the current lease income transfers to the new owner. It consists of six units, with the first floor housing a shop and office space, while the second and third floors are configured for office use. The building is a three-story steel-frame structure, constructed in December 1982. The total building area is 420.79 square meters, with the first floor at 130.73 square meters and the second and third floors each at 145.03 square meters. The land area is listed at 407.92 square meters based on the public registry, though it is noted that the final land area will be determined after a subdivision survey, so a slight variation in size is possible. The property is connected to city gas, a public water supply, a public sewer system, and electricity. Toilets are shared. The site is a corner lot, fronting a 16-meter-wide public paved road to the west and a 6-meter-wide public paved road to the north. Parking is available for three or more vehicles at no additional cost. The property is located in a non-line-segregated urban planning area, zoned as Category 2 Residential District, with a building coverage ratio of 60% and a floor area ratio of 200%. The land is flat and rectangular in shape. The assumed gross yield when fully occupied is 11.55%, with an annual rent of 3.69 million yen. The security deposit is split among the leaseholders. This property is categorized as a commercial property for sale.
