Prime Development Land in Meguro, Tokyo
This is a rare opportunity to acquire a prime development plot in the highly desirable Meguro ward of Tokyo. The land, with a measured area of 61.36 square meters (approximately 18.56 tsubo), is offered for sale at a price of 150.8 million yen. The property is conveniently located just a 7-minute walk from Gakugei-daigaku Station on the Tokyu Toyoko Line, providing excellent access to central Tokyo.
Critical agent notes provide essential details for prospective developers. The property is a corner lot with road frontage: a 4-meter wide private road to the northwest and a 4-meter wide private road to the northeast. It is important to note that the stated land area is a provisional figure as the plot is pending subdivision. Furthermore, this land is sold with a critical construction condition: the sale is contingent upon the buyer entering into a building contract with the seller (or a builder designated by the seller) within three months of the land purchase agreement. If it is determined that construction will not proceed within this period, the land sale contract will be voided and all monies received will be refunded in full.
The property is fully serviced with city gas, public water supply, and main sewerage. It is subject to urban planning regulations including being located in a Quasi-Fire Prevention Zone and a Category 2 Height Control District. The land use is designated as residential land within a urbanization promotion area and a quasi-industrial zone, with a building coverage ratio of 60% and a floor area ratio of 200%. The site is currently vacant land, ready for construction.
