Investment Opportunity: Military Land Parcel in Naha, Okinawa
This listing presents a unique investment opportunity in the form of a military land parcel located within the Japan Air Self-Defense Force (JASDF) Naha Base area in Okinawa. The property is a 111.58 square meter (33.75 tsubo) plot of land, currently classified as farmland with potential for residential development. It is being offered for sale at a price of 25,000,000 yen, which reflects a 50x multiplier on the annual lease fee.
Critical agent notes provide essential details: The annual land lease fee for Reiwa 7 (2025) is 500,000 yen, with an annual increase rate of 1%. The land category is "hatake" (farmland), but it is considered prospective residential land. The Reiwa 7 fixed asset tax is currently being adjusted. Registration fees will be borne by the buyer, and there is no scheduled return of the land. The title is under a single name. The land will be subdivided from a larger 251.98 tsubo parcel and delivered as this specific 33.75 tsubo plot. There will be no settlement for the Reiwa 7 fixed asset tax or lease fee. The brokerage commission is 891,000 yen. Interested parties are encouraged to consult.
This investment is highlighted for its stable, government-backed income stream, as the lease is with the national government, eliminating default risk. The annual lease fee compounds at approximately 1% per year. Furthermore, such military land often receives high collateral valuation from local banks and has a low inheritance tax assessment, making it an effective asset for inheritance planning. Fixed asset taxes are also typically lower compared to private land. With a surface yield of 2%, this asset is positioned as a low-risk, steady investment suitable for those seeking stable returns and long-term holding with potential annual returns around 3%.
The property is situated in the Asamine district of Naha City, the vibrant capital of Okinawa Prefecture. The area is a dynamic blend of urban convenience and subtropical island culture. A major landmark nearby is the historic Shuri Castle, a UNESCO World Heritage Site and the former palace of the Ryukyu Kingdom, offering a profound cultural counterpoint to the modern military presence in the region.
