Modern Investment House in Aichi Prefecture with Strong Rental Yield
This property is a two-story wooden detached house located in Aichi Prefecture, Yatomi City, in the Kiaira area of Subauracho. Built in June 2020, it is currently tenanted, presenting an excellent opportunity as an owner-change investment property. The asking price is 25,000,000 JPY, with an estimated annual rental income of 1,440,000 JPY, yielding a surface return of 5.7%.
The property sits on a 172 sqm plot of land (approximately 52.03 tsubo) with a building area of 99.38 sqm (approx. 30.06 tsubo). The layout is a 2LDK configuration spread over two floors. Key features include two toilets, a bathroom with a window that is over 1 tsubo in size, an IH cooking heater, and propane gas. Utilities are connected to both city water and sewer systems. The land is a regular-shaped plot designated as residential land within a Category I Residential Zone under the City Planning Act, with a building-to-land ratio of 60% and a floor area ratio of 200%. The site fronts a 5-meter-wide public road to the east, with a 2.5-meter frontage. A portion of the land (34.44 sqm) is part of a covenant road. The property is eligible for reconstruction.
Yatomi City in Aichi Prefecture is a coastal area known for its history and natural scenery. An interesting local fact is that the city is famous for its bird parks and is a significant habitat for various bird species, making it a popular spot for birdwatching. The area offers a blend of residential calm and accessibility, being within a 10-12 minute walk from multiple train stations including Meitetsu Yatomi Station, Kansai Main Line Yatomi Station, and Kintetsu Yatomi Station. For a major tourist attraction, residents and visitors can easily access the historic and culturally significant Nagoya Castle, located within a reasonable commuting distance, which stands as one of Japan's premier historic landmarks.
