Investment Opportunity: Awase Communications Facility Land in Okinawa City
This listing presents a unique investment opportunity in the form of a land parcel designated as part of the Awase Communications Facility, a military-use property located in the Awase area of Okinawa City, Okinawa Prefecture. The land is offered for sale at a price of 18,180,000 JPY. The property spans a substantial 259 square meters (approximately 78.34 tsubo), with the official registered area noted as 256 square meters (77.44 tsubo).
Critical details from the agent's notes provide essential financial and legal context. The land is subject to a leasehold arrangement with a high multiplier of approximately 47 times. The annual lease fee for the Reiwa 7 fiscal year is 386,904 JPY. The property is classified as "Zasshuchi" (miscellaneous land) with an intended use category of residential land. The fixed asset tax for Reiwa 6 was 41,717 JPY, and there is an annual landowner association fee of 1,547 JPY (0.4%). Public charges and taxes will be prorated and settled upon transfer. The seller has indicated there are no plans for a buyback. The buyer is responsible for the ownership transfer registration costs. The brokerage commission is calculated as 3% of the sale price plus 60,000 JPY plus tax. The title will be transferred under a single name, and the handling real estate company is Oroku Shokai Co., Ltd.
The Awase district in Okinawa City offers a blend of residential and coastal living. An interesting local fact is that the area is near the Awase Tidal Flat, an ecologically significant wetland that has been the focus of conservation efforts. For visitors and residents alike, a major nearby attraction is the Okinawa Comprehensive Athletic Park, a vast public sports complex that hosts various events and facilities. This land represents a tangible asset in a dynamic region, suited for investors familiar with the specifics of military-leased property and the long-term potential of Okinawa's real estate market.
