Investment Land Parcel with Stable Income Potential in Okinawa City
This listing presents a 743.79 m² plot of land located in Morine, Okinawa City, Okinawa Prefecture. The property is designated as residential land and is offered for sale at a price of 75.3 million yen. A key feature of this land is its status as a military-use property, specifically related to Kadena Air Base, with the agent noting there is no scheduled return, indicating stable, long-term income potential from the lease. The property is highlighted as an effective asset for inheritance tax planning.
Critical financial details from the agent's notes are as follows: The land has a multiplier of 49 times. The share being sold is 6/8ths (three-quarters) of the total ownership. The annual lease fee for the Reiwa 7 fiscal year is 1,538,148 yen. The fixed asset tax for the same period is 145,500 yen. The surface yield is approximately 2.04%. The estimated real estate acquisition tax is about 261,000 yen. There is an additional landowners' association fee (0.4%) of approximately 6,152 yen. The agent also mentions that purchase of other fractional shares, such as 2/8ths or 4/8ths, may be possible, and encourages consultation.
The listing is handled by Chubu Kōsan Kabushiki-gaisha (Central Development Co., Ltd.), Naha Shintoshin Branch Sales Department. The company, founded in 1982 with over 40 years of experience, emphasizes its comprehensive support for finding ideal homes and income properties. They cover the largest number of offices in the area, encompassing real estate information across Okinawa Prefecture. They offer personalized assistance from a first-time purchase to investment operation anxieties, including introductions to various loans, financial planning, and advice on taxes and legal matters.
The area of Okinawa City offers a unique blend of local culture and modern conveniences. An interesting fact is that Okinawa City is home to the second-largest population on Okinawa Island and has a vibrant mix of American and Okinawan influences due to the presence of U.S. military bases. The closest major landmark is the iconic Kadena Air Base, a significant U.S. Air Force installation, which is directly relevant to this property's lease income.
