Etoile Mizushima: A Prime Investment Opportunity in Kurashiki
This property is a multi-unit apartment building named Etoile Mizushima, located at 170-15 Mizushima Kita Kasuga-cho, Kurashiki City, Okayama Prefecture. It presents a compelling investment with a high surface yield of over 10% and an owner change yield of 10.85%, equating to 3.74 million yen. The building was constructed in March 1991 and is a four-story steel structure containing a total of eight units. The total land area is 106.59 sqm (approximately 32.24 tsubo), while the total building floor area is a substantial 236.64 sqm (approximately 71.58 tsubo). The current layout is listed as 1K.
Critical agent notes have been translated. The equipment and facilities include city gas, and the bath and toilet are separate. Special notes regarding road access detail that the property fronts a one-way road to the north, which is a 6.9-meter wide public road with pavement.
The property is situated in a commercial neighborhood zone within an urbanization promotion area. The land is flat and classified as residential. The building-to-land ratio is 80% with a floor area ratio of 200%. There is no parking lot included with the property. The current status is tenanted, and immediate handover is possible. The property is listed for sale at 33,000,000 yen.
The area of Mizushima in Kurashiki is a major industrial and port district, but it also offers convenient access to the Seto Inland Sea. An interesting local fact is that Kurashiki City is famously home to the picturesque Kurashiki Bikan Historical Quarter, known for its beautifully preserved Edo-period warehouses and willow-lined canals. The closest major landmark from this property is the iconic Seto Ohashi Bridge, one of the world's longest two-tiered bridge systems, connecting Okayama Prefecture to Kagawa Prefecture across the Seto Inland Sea and offering spectacular views.
