Land for Sale in Chatan, Okinawa: A Share in a Former Military Fuel Depot
This listing presents a unique land investment opportunity in the Sunabe area of Chatan Town, Okinawa Prefecture. The property is a 983 m² plot, offered for sale at 14.79 million yen. It is important to note this is a shared ownership interest, specifically a one-fifth (1/5) share of the total land parcel.
Critical details from the agent's notes reveal the property's distinctive background and ongoing financial obligations. The land is classified as former military land: an Army fuel storage facility. There is no scheduled return or reversion of this status. The annual leasehold fee (借地料) is 336,264 yen, with pro-rated adjustments. The land category is "miscellaneous land" with a classification of "anticipated residential land." The annual fixed asset tax is 36,992 yen, also subject to pro-rated adjustments. The brokerage commission is 554,070 yen (including tax). Ownership transfer costs are to be split equally between the seller and the buyer.
The area of Chatan is renowned for its beautiful coastline and vibrant atmosphere. A major nearby landmark is the iconic Sunabe Seawall, a popular spot for walking, fishing, and enjoying stunning ocean sunsets. The region is also home to the American Village, a large entertainment and shopping complex with a Ferris wheel, offering a unique cultural blend. This property offers a strategic position in a highly desirable part of Okinawa, known for its expat community and resort-like feel.