Prime Land Investment Opportunity Near Torii Station in Yomitan Village

This 1,150 square meter plot of land presents a significant investment opportunity in the sought-after area of Yomitan Village, Okinawa. The property is strategically located near the gate of Torii Station (Torii Communications Base), offering a secure position within a fenced area. Currently classified as farmland, the land is slated for change to residential use, with the seller bearing the cost of the land category change prior to handover. The buyer will be responsible for the ownership transfer registration fees.

Critical financial details from the agent notes include an annual lease income of 1,153,047 yen (for the 2025 fiscal year, Reiwa 7). The property boasts a high price-to-annual-rent ratio of 47x, with no scheduled return of capital, and is under sole ownership. The land value appreciation rate is noted at 2.48% for the 2025 fiscal year. Additional annual costs to be prorated and settled include the landowner association fee and fixed asset tax. A major advantage for buyers is the agent's offer of a 50% discount on intermediary commission fees, making this a budget-friendly transaction. Subdivision of the land is also a possibility subject to consultation.