Spacious Two-Building Property with Investment Potential in Itoman, Okinawa
This unique property in Itoman City, Okinawa, presents a substantial landholding of 430.16 tsubo (approximately 1,422 square meters) with two separate buildings, currently generating rental income. The main house is a single-story structure spanning 51.05 tsubo (about 168.76 square meters), while an attached building offers an additional 38 tsubo of space. According to the agent's special notes, this configuration offers a surface yield of 6%, making it an attractive proposition for investors.
The primary residence, built in August 1989 with reinforced concrete block (RCB) construction, is situated on land designated as miscellaneous use within a City Planning Act adjustment area. The property features a generous plot with a building-to-land ratio of 60% and a floor area ratio of 200%. The listing emphasizes that this is an owner-change property, and the existing tenancy provides immediate cash flow for the new owner.
Located in the Gakusuku area of Itoman City, this property benefits from a peaceful setting while remaining accessible. Itoman is a city rich in Ryukyuan history and traditional culture, particularly known for its deep connections to the sea and the unique Itoman Toushin, a form of tug-of-war recognized as a UNESCO Intangible Cultural Heritage. The area is also conveniently located a short drive from major Okinawan attractions, including the stunning Peace Memorial Park, which overlooks the East China Sea and commemorates the Battle of Okinawa.
