Land for Sale in Chatan, Okinawa with Unique Leasehold Structure
This 119.4 square meter plot of land, classified as "miscellaneous land," is located in the sought-after Chatan area of Okinawa. The property is offered for sale at a price of 8.94 million yen. It is situated in close proximity to National Route 58, providing excellent access and a prime location.
Critical agent notes provide essential details regarding the property's unique ownership and financial structure. The land is subject to a shared ownership fraction of 1/20th (0.05). An annual lease fee of 212,880 yen (for the 2025 fiscal year) is applicable, and there is no plan for the return of this fee. The estimated plot area for the residential land portion is 119.40 square meters. The seller will not settle any outstanding land lease payments. All fixed asset taxes and similar charges will be borne by the seller, with the current fixed asset tax amount being 26,177 yen (for the 2025 fiscal year).
The Chatan area is one of Okinawa's most vibrant and popular regions, known for its beautiful sunsets and American Village, a large entertainment and shopping complex built with a distinctive American coastal theme. This area attracts both tourists and residents looking for a dynamic lifestyle with easy access to dining, shopping, and entertainment. A major nearby landmark is the iconic Mihama American Village, a hub of activity and a symbol of the cultural fusion present in this part of Okinawa.
