Prime Military Land Investment in Uruma, Okinawa

This is a rare opportunity to acquire a substantial 2,408 square meter plot of military land located within Camp Courtney in the Amagan district of Uruma City, Okinawa. The property is offered at a price of 139,667,000 JPY. The land is fenced and classified as miscellaneous land with potential for residential development. A key feature is the stable, government-guaranteed income stream, as the annual land lease fee of 3,036,247 JPY is paid by the state with no history of arrears, translating to a surface yield of 2.17%.

Critical agent notes provide essential investment insights. The inheritance tax assessment multiplier for FY2025 is 3.3, with the inheritance tax assessment amount calculated as the fixed asset tax valuation × assessment multiplier × 60% (a 40% reduction). The scheduled return date of the land is undetermined. The land lease fee per square meter is 1,260.90 JPY. The agent also includes a revealing survey on reasons for purchasing military land: for future inheritance tax planning and family security; because the tenant (the state) never defaults, ensuring stable income; because the land lease fee increases annually, creating a snowballing compound effect; for a hands-off investment to build assets easily; as an easy entry point into real estate investment with low risk and return; and because it offers better returns than bank interest rates, making it a good asset swap.

The area of Uruma City is rich in history and natural beauty, formed from the merger of several towns. An interesting local fact is that the nearby Katsuren Peninsula was once the seat of the powerful Katsuren Castle, a UNESCO World Heritage site as part of the Gusuku Sites and Related Properties of the Kingdom of Ryukyu. The closest major tourist attraction is the iconic Okinawa Aquarium, Churaumi Aquarium, located in Motobu Town, renowned for its massive Kuroshio Sea tank and whale shark exhibits.