Land for Sale Adjacent to Naha Air Base in Okinawa
This 118 square meter plot of land, designated as miscellaneous land with residential development potential, is available for purchase in the Takara district of Naha City, Okinawa. The property is uniquely situated as part of the Japan Air Self-Defense Force (JASDF) Naha Base (designated E25-63). The sale price is set at 26,440,000 yen. The land comes with an existing ground lease, generating an annual rent of 528,806 yen, which represents a yield multiplier of approximately 50 times the purchase price. The lease rate has a fixed annual escalation, with the increase for Reiwa 7 (2025) set at 1.01%.
Critical details from the agent notes include the annual fixed asset tax of 45,099 yen (Reiwa 7 amount). The owner cannot join a landowners' association as this is a direct personal contract with the Ministry of Defense. All costs for ownership transfer registration are to be borne by the buyer. There are no plans for the land to be returned or reclaimed. The land rights are freehold ownership under a single title. Public charges will be apportioned and settled on a pro-rata basis. The brokerage commission is calculated as 3% of the price plus 60,000 yen (excluding tax). The handling real estate company is Oroku Shokai Co., Ltd.
The Takara area of Naha offers convenient urban living within Okinawa's vibrant capital. A notable landmark nearby is the historic Shuri Castle, a UNESCO World Heritage site and former palace of the Ryukyu Kingdom, located just a few kilometers away. This property presents a specialized investment opportunity tied to defense infrastructure, offering a steady income stream from the ground lease with a clear, long-term contractual framework.
