Investment Land Parcel Near Yamashiro Dam in Uruma City, Okinawa
This 1,569 square meter land parcel, designated as forest land (山林), presents a unique investment opportunity in the scenic area of Ishikawa Yamashiro, Uruma City. The property is notable for its existing lease arrangement with the Okinawa Prefectural Enterprise Bureau, providing a stable income stream. A significant portion, 1,087㎡, is currently leased to the bureau, with the land rent per square meter demonstrating a steady annual increase: 246.77 JPY/㎡ for Reiwa 5 (2023), 248.54 JPY/㎡ for Reiwa 6 (2024), and 251.49 JPY/㎡ for Reiwa 7 (2025).
Critical financial details from the agent's notes are fully translated: The property is subject to fixed asset tax, landowner association fees, and pro-rated land charge adjustments. For Reiwa 7 (2025), the annual land lease fee is 273,369 yen, the fixed asset tax is 8,964 yen, and the landowner association fee is approximately 1,367 yen per year (0.5% of the annual land charge). The annual increase rate is approximately 1.19%. Please note there is a possibility that the landowner association fee may change from "annual land charge × 0.5%" to "annual land charge × 0.8%" from Reiwa 8 (2026) onwards, as per the landowner association. The costs for ownership transfer registration are to be split equally between the parties. An estimated breakdown of initial costs can be provided upon request. The listed price (including land lease fees) is calculated per square meter; please be aware that the final amount may vary slightly due to rounding methods.
The area surrounding this land is characterized by Okinawa's lush, green hills and is in close proximity to the Yamashiro Dam, a key local infrastructure project that also serves as a point of interest within the natural landscape. A fascinating fact about Uruma City is that it was formed in 2005 from the merger of four towns, symbolically connected by a series of bridges over the pristine East China Sea, earning it the name 'Uruma' which can be associated with 'beautiful coral' in the local context. The closest major tourist attraction is the famous Katsuren Castle, a UNESCO World Heritage site part of the Gusuku Sites and Related Properties of the Kingdom of Ryukyu, offering breathtaking historical ruins and panoramic ocean views.
