Vintage Apartment Near Daikanyama Station
This is a rare opportunity to acquire a condominium unit in a prime location, just a 2-minute walk from Daikanyama Station on the Tokyu Toyoko Line. The property is situated in Shibuya Ward, Tokyo, within walking distance of Ebisu Station (7 minutes) and Nakameguro Station (9 minutes). The building, constructed in 1965, features a retro-modern design with a white and brown exterior. It has an auto-lock system and a 24-hour elevator for security and convenience. A bicycle parking area is also available.
The unit, located on the 4th floor of a 7-story building, offers 23.6 square meters of floor space. The building's structure is SRC (Steel Reinforced Concrete). The property can be used for either residential or office purposes. It is currently tenanted, generating an annual rent of 1,272,000 yen, representing a 4.4% yield. The asking price is 28.8 million yen. The property has maintained a stable value over the past decade.
An important consideration for long-term investors is that the building, now over 60 years old, has a topic of potential redevelopment among residents. If a rebuilding project proceeds, the value of the unit could increase significantly, offering substantial long-term capital gain potential. The seller, a photographer who has managed the property and handled tenant placement, is willing to share their knowledge about finding tenants and managing the unit.
The surrounding neighborhood offers excellent convenience. A cafe is a 20-second walk away, a convenience store is a 1-minute walk, and supermarkets, drugstores, and restaurants are within a 3-minute walk. The location provides a quiet atmosphere typical of Daikanyama while remaining close to the amenities of central Tokyo.
