Investment Opportunity in Chatan with Panoramic Views and Strong Rental Yield
This property presents a compelling investment opportunity in the popular Chatan area of Okinawa. Currently tenanted under a fixed-term lease, this 8th-floor apartment offers a stable income stream, making it an ideal choice for first-time real estate investors. The unit boasts excellent views overlooking Camp Kuwae, providing a unique and appealing aspect.
The property is listed for sale at 37.5 million JPY with a gross rental yield of 5.92%. The monthly rent is 185,000 JPY. A detailed breakdown of the net yield reveals an actual return of 4.75%, calculated as the rent minus all associated costs. These costs include a monthly management fee of 5,900 JPY, a monthly repair reserve fund of 9,200 JPY, a monthly land lease fee of 6,745 JPY, a monthly parking fee of 7,000 JPY, and an annual fixed asset tax of 93,100 JPY.
The location is a major highlight, situated within a 10-minute drive of key Chatan tourist attractions. This prime positioning includes Mihama American Village (approx. 5 minutes by car), AEON Chatan Store (approx. 7 minutes by car), and Araha Beach (approx. 10 minutes by car). The area is renowned for its vibrant mix of American and Okinawan culture, with Mihama American Village being a famous entertainment and shopping complex built with a classic American seaside town theme, offering a unique experience in Japan.
Built in June 2014, this 10-story reinforced concrete building features an auto-lock security system and an elevator. The apartment itself is a 2LDK layout with separate bath and toilet facilities. Local conveniences are within easy walking distance, including a FamilyMart convenience store (approx. 3 min walk), Chatan Town Hall (approx. 5 min walk or 1 min by car), Chatan Post Office (approx. 2 min walk), and a Ryukyu Bank branch (approx. 2 min walk). The nearest bus stop, Kuwae, is approximately a 3-minute walk away.
