Property Overview

This is a steel-framed apartment building located in Kita-ku, Okayama City, Okayama Prefecture, offered for sale as a single-building investment property. The building, tentatively named 'Hara Corporation,' was constructed in January 1987 and features two floors with a total floor area of 132.48 square meters. Each floor measures 66.24 square meters. The layout consists of 2K units, with a kitchen and two 6-tatami mat rooms. The property sits on a land area of 167.87 square meters, with a building-to-land ratio of 50% and a floor-area ratio of 100%. The land is zoned as a Category 1 Low-Rise Residential District and is located in an urbanization promotion area. The property is currently tenanted, making it an owner-change investment opportunity with a gross yield of 8.21% and an annual rent of 936,000 yen.

The building is equipped with propane gas, a municipal water supply, air conditioning, a water heater, electricity, a dedicated toilet, a separate bath and toilet, storage space, and a bicycle parking area. The road frontage details indicate the property faces a single public road to the east, which is 4.3 meters wide and paved, with a frontage of 10.8 meters. The property includes parking for four vehicles, available for a monthly fee of 3,000 yen. The property is being sold in its current condition, with no warranty for contractual non-conformity, and a designated management company is required. The nearest station is Bizen-Haraeki on the Tsuyama Line, a 10-minute walk away.