Investment Opportunity in a Prime Osaka Location: Celes Court Shin-Osaka City
This property is a 55.03 sqm (approximately 16.64 tsubo) condominium unit located on the 7th floor of an 11-story reinforced concrete (RC) building constructed in February 2000. The layout is 1SLDK, featuring a south-facing balcony of 11.33 sqm. The unit is currently tenanted, offering an estimated annual rental income of 1.5 million yen and a projected yield of 4.26%. The purchase price is 35.2 million yen, with monthly fees of 8,420 yen for management and 14,580 yen for repair reserves. An additional monthly operational cooperation fee of 1,000 yen applies.
Key equipment and features of the building include a system kitchen, ample storage space, an indoor washing machine area, a bay window, an auto-lock security system, a corner room location, an elevator, and a parcel delivery box. It is important to note that the floor plan provided is from the time of the building's initial construction and does not reflect the current condition of the unit. The interior condition is unknown, and prospective buyers should be aware of this. A security deposit refund (carry-over) of 125,000 yen is also noted.
The property boasts an excellent location with three stations accessible within an approximately 8-minute walk: Higashi-Mikuni Station on the Osaka Metro Midosuji Line (5 min), Shin-Osaka Station on the Tokaido Main Line (8 min), and Shin-Osaka Station on the Osaka Metro Midosuji Line (8 min). The area around Shin-Osaka Station is a major transportation hub, seamlessly connecting the Kansai region to the rest of Japan via the Shinkansen bullet train. An interesting local fact is that the station's design was heavily influenced by the need to accommodate the high-speed rail network, making it a critical node in Japan's transit infrastructure. The closest major landmark is the iconic Umeda Sky Building, a spectacular twin-tower complex with a floating garden observatory that offers breathtaking panoramic views of Osaka.
