Investment Opportunity in Miyakojima: Set of Two Modern Apartment Buildings
This listing presents a unique investment opportunity on the popular tourist island of Miyakojima, offering two separate apartment buildings for sale as a set. The total land area for the combined properties is 681.41 square meters, with a combined asking price of 250 million yen. This is a turn-key investment package in a prime location.
The first building, constructed in 2019 (7 years old), sits on a 368 square meter plot and is priced at 130 million yen. This two-story structure contains eight units: four 1R (single room) apartments and four 1LDK (one bedroom, living, dining, kitchen) apartments. The agent notes highlight that this property is suitable for use as a minpaku (private lodging) facility or for standard rental purposes, offering flexibility for tourism-focused or residential income.
The second building, built in 2020 (5 years old), is on a 275.4 square meter plot and priced at 120 million yen. This two-story building comprises six units: two 1R, two 1LDK, and two 2LDK apartments. The agent's remarks indicate that this property is located near commercial facilities and an elementary school, making it a popular area for families. The total combined floor area for both buildings is 547.04 square meters. The layout summary for the entire set is 1R x 6 units, 1LDK x 6 units, and 2LDK x 2 units. Pets are not permitted. The land is designated as residential land within a Category II Medium-to-High-Rise Exclusive Residential District, with a building coverage ratio of 60% and a floor area ratio of 200%. The transaction is handled as a general intermediary. The property is conveniently located within a 5-minute walk from the "Casa Ferie" bus stop.
The area of Miyakojima is renowned for its stunning white-sand beaches, crystal-clear turquoise waters, and vibrant coral reefs, making it a top domestic and international travel destination. An interesting fact about Miyakojima is that it is home to some of the most scientifically measured clearest waters in Japan, with visibility often exceeding 50 meters. The closest major tourist attraction is the iconic and breathtaking Yonaha Maehama Beach, frequently ranked among Japan's best beaches, located just a short drive from the property.
