Investment Opportunity in Ginowan: A 12㎡ Military Land Parcel
This listing presents a unique real estate investment opportunity: a 12㎡ (approximately 3.63 tsubo) parcel of military land located in Aniya, Ginowan City, Okinawa Prefecture. The property is situated within the Camp Zukeran (キャンプ瑞慶覧) area and is available for purchase at a price of 1,048,000 yen. It is designated as miscellaneous land (雑種地) with potential for residential development (宅地見込地). The land is held under single ownership (単有名義).
Critical investment details and agent remarks have been translated and are provided as follows: Special Notes/Remarks:
• Gross Yield: 2.04%
• Inheritance Tax Assessment Multiplier: 2.6 (Reiwa 7 fiscal year). Inheritance Tax Assessment Amount = Fixed Asset Tax Assessment Amount × Assessment Multiplier × 60% (40% reduction).
• Scheduled Return: Undetermined
• Inside a fence
• Land fee per square meter: 1,782.92 yen
• The annual land lease fee is paid by the national government (no arrears).
Questionnaire on Reasons for Purchasing Military Land:
• "I bought it for future inheritance tax measures and for my family (family-oriented)."
• "Because the tenant, the national government, does not default on payments (stable income)."
• "Because the land fee increases every year and grows like a snowball (compound interest effect)."
• "Because I wanted a hands-off investment (easy asset building)."
• "Because I thought it would be easy to start real estate investment (low risk, low return)."
• "Because it's better than bank interest rates (asset replacement)."
The property offers an annual land lease income of 21,395 yen, paid reliably by the state. Additional annual costs include a fixed asset tax of 2,704 yen (Reiwa 7 fiscal year). The purchase involves standard transaction fees such as agency commission, stamp duty, and registration costs. The land's location within a secured military base fence adds a layer of controlled access.
The area of Ginowan is centrally located on Okinawa Island, known for its mix of urban convenience and historical significance. A major nearby landmark is the Okinawa Convention Center, a hub for international events, situated near the scenic coastline. Ginowan is also in close proximity to several U.S. military facilities, which shape the local economy and culture. This parcel represents a niche, low-maintenance investment opportunity targeting stable, government-backed returns in a unique regional market.
