Land for Sale in Okinawa City with Development Potential
This 887 square meter plot of land, located in the Kagarawa area of Okinawa City, presents a significant development opportunity. The land is designated as "宅地見込み地" (land expected to be residential), indicating its suitability for future housing construction. The property is offered at a price of ¥70,400,000, with a detailed breakdown of associated costs provided in the agent's special notes.
Critical financial details from the agent's remarks include an annual land lease fee of ¥1,530,438, a brokerage commission of ¥2,389,200 (including tax), and an estimated fixed asset tax for the 2025 fiscal year of approximately ¥145,290. The transfer of ownership will be borne by the buyer, including a stamp duty of ¥30,000. The land lease fee is subject to an estimated annual increase rate of around 1%. A key point is that the land will be delivered after subdivision (分筆後引き渡し), and as it is currently before subdivision, consultations regarding the exact size are welcomed. A settlement for the land lease fee will also be conducted.
The area of Okinawa City offers a blend of residential convenience and access to Okinawa's unique attractions. A notable nearby landmark is the Kadena Air Base, a major installation with a long history. For those interested in natural beauty and cultural sites, the property is within reasonable driving distance of the scenic coastline and historical sites like Nakagusuku Castle, a UNESCO World Heritage site. This location provides a strategic base for both residential development and enjoying the subtropical lifestyle of Okinawa.
