Investment Apartment Building in Tsuyama City, Okayama
This property, named "Three-Ze Tamachi I & II," is a two-building apartment complex located at 63 Tamachi, Tsuyama City, Okayama Prefecture. The buildings are of lightweight steel frame construction with full tile exterior walls and a stainless steel folded-plate roof, built in August 2008. Each building has four units with a 1LDK layout, totaling eight units across both buildings. The total floor area is 329.24 square meters, with each floor of each building measuring 82.31 square meters. The land area is 536.4 square meters, and the land rights are freehold.
The property is situated on a corner lot with excellent road access. It fronts a 9.2-meter wide public paved road to the east and a 9-meter wide public paved road to the south. The building is a two-story structure. The property includes one free parking space. Utilities connected include city gas, a sewage system, drainage, and electricity. Each unit has a dedicated toilet and a separate bath and toilet, and BS antenna terminals are provided.
The property is currently fully occupied, with an estimated annual rent of 5,688,000 yen at full occupancy, representing a 7.20% yield. A sublease agreement with Chushikoku Sekisui Heim Real Estate Co., Ltd. is a condition of the sale, offering an annual sublease rent of 5,032,800 yen and a 6.37% yield under sublease. The sale is on an as-is basis and is a public register transaction. A water pipe passes through the property to the neighboring land to the west; details are available in a separate piping diagram. There is also a well on the north side of the property. The adjacent land to the west is also being sold simultaneously. The property is located approximately 1430 meters from JR Tsuyama Station, an 18-minute walk, and 80 meters from the Homukyokumae bus stop, a 2-minute walk.
