Compact Investment Apartment in Central Utsunomiya
This studio apartment presents a turnkey investment opportunity in the commercial heart of Utsunomiya, Tochigi Prefecture. Priced at 2,000,000 JPY, the property is currently tenanted, generating a projected annual rental income of 278,400 JPY and an impressive gross yield of approximately 13.91%. The monthly maintenance fee is 11,370 JPY, with no separate management fee. The unit is located on the 2nd floor of a 9-storey reinforced steel and concrete (SRC) building constructed in December 1988.
Key equipment and features include an auto-lock security system, elevator, and all-electric utilities (gas, water supply, sewage, and all-electric power). Special notes from the agent clarify critical details: the property is under a sub-lease contract with Apaman, which must be inherited by the new owner. During this sub-lease period, Apaman is responsible for covering the maintenance fees. The unit does have a balcony, though its exact area is unspecified. The transaction is an exclusive intermediary arrangement.
The apartment offers a compact living space with a wall-core area of 21.82 sqm (approximately 6.6 tsubo). Its location is highly convenient, just a 10-minute walk from Utsunomiya Station on the Tohoku Main Line, providing excellent access to Tokyo and other major cities. The area is zoned for commercial use. A short walk from the property is the historic Utsunomiya Castle Ruins, a popular park offering scenic views and a glimpse into the region's samurai past, making the neighborhood attractive for both residents and visitors.
