Commercial Land for Sale in Yomitan, Okinawa
This is a substantial parcel of land located in the Yomitan area of Okinawa Prefecture, offered for sale with a price of 500,000,000 yen. The land area is approximately 7,220 square meters, or about 2,184.05 tsubo. The property is zoned for Category 1 residential use and falls within an urbanization control area. The building-to-land ratio is 60%, and the floor area ratio is 150%. The land is registered as residential land (宅地) and is being sold with no building conditions attached. Transfer is negotiable.
The property is a leasehold (普通賃借) arrangement. The lease period is from April 5, 2022, to April 4, 2052, for a total of 30 years. Please note that the lease fee may change after the name change procedure. The net yield after deducting the deposit is 9.24%.
Access to the property is approximately a 3-minute walk from the Dai-2-Kochinda bus stop. The property is located within the Kochinda Elementary School and Kochinda Junior High School school districts. There is no private road burden and no setback area required. The transaction is handled through a brokerage.
