Investment Opportunity in Nago: A Dual Apartment and Condominium Complex
This commercial property in Nago City, Okinawa, presents a significant investment opportunity consisting of two separate buildings on a single large plot of land. The site features both an apartment building and a condominium, currently fully tenanted and generating stable annual income. The total land area is a substantial 1,540 square meters (approximately 465.85 tsubo).
Critical agent notes provide detailed financial and structural information. The property is currently fully rented. There are no elevators in either building. The layout is as follows: Apartment Building (Building ①) contains 12 units of 2LDK and 4 units of 3DK. Condominium Building (Building ②) contains 15 units of 2DK and 4 units of 1R. Again, there are no elevators. Parking is available only for the apartment building, with space for 16 vehicles. The annual revenue is broken down as: Apartment Building: ¥7,476,000; Condominium Building: ¥6,660,000. A portion of the land, 25 meters from the northeast and southeast boundaries, is zoned as neighborhood commercial area. The yield calculations show a surface yield (annual) of 3.36%. If the condominium units are leased as commercial storefronts, the surface yield rises to 4.21%.
The listing agent, Arakaki Sangyo (New Wall Industry), emphasizes their local expertise and full-service approach. Founded in 1950, they offer a one-stop service encompassing construction materials, concrete products, renovation, design, construction, and real estate. They promote additional services like their "Vacant House 110" management service for troublesome vacant properties, a consultation desk for real estate inheritance to avoid family disputes, an on-site parking lot with 10 spaces, and a kids' room to make family consultations easier. The company actively shares new property listings and open house information via social media (Instagram, Facebook, LINE) and highlights their construction brand, "Teeda Home." They also note implemented infection control measures, including staff disinfection, mask-wearing, constant ventilation, and screens at reception counters and meeting rooms.
The property is situated in the Higashie 5-chome district of Nago City, offering convenient access to supermarkets and convenience stores within walking distance. It is located along National Route 58, ensuring excellent transportation links. A notable nearby attraction is Higashie Beach, a local spot for enjoying Okinawa's beautiful coastline. The area is part of the Yanbaru region in northern Okinawa, known for its lush subtropical forests and rich biodiversity, which is recognized as a UNESCO World Natural Heritage site.
