Land for Sale in Machiya, Arakawa Ward
This is a land parcel located at Machiya 3-chome in Arakawa Ward, Tokyo. The property is being offered for sale with a land area of 50.92 square meters. The building coverage ratio is 80 percent and the floor area ratio is 300 percent. The land is situated in a quasi-industrial zoning district and falls within a quasi-fire prevention area. It is connected to public water supply, municipal sewerage, and city gas.
The land is currently in a state with an old existing building. The sale will be conducted on an as-is basis. There are disclosure items that the seller will provide information about. The land rights are a leasehold (old type) with a remaining lease term of eight years. The monthly ground rent is 20,475 yen. For the sale of the leasehold interest, a non-contentious court procedure for leaseholds will be required. The court costs will be borne by the seller, but it is anticipated that a considerable amount of time from the judgment to the handover may be required. The cost for consent to rebuild a building will be borne by the buyer. A survey of the leasehold boundaries will not be conducted. There are water supply pipes buried within the leasehold for two properties at the back of the site.
The property is a 9-minute walk from Machiya Station on the Tokyo Metro Chiyoda Line and a 7-minute walk from Machiya-ekimae Station on the Tokyo Sakura Tram (Toden Arakawa Line). The address is Machiya 3, Arakawa Ward, Tokyo. The handover date is negotiable.
