Residential Land Plot in Naha's Historic Shuri Area

This 294.11 square meter (approximately 88.97 tsubo) residential land plot is located in the Shuri Mawashi district of Naha City, Okinawa. The property is situated within the school districts of Josai Elementary School and Shuri Junior High School, making it an ideal location for building a family home. The land is flat and on a slight elevation, offering a pleasant setting. The plot is notable for its size, a rare find in this central location.

According to the agent's notes, the current land survey has been completed, but a ground survey has not yet been conducted. It is important to note that a contract deposit will be required at the time of agreement, with the amount being negotiable. In addition to the purchase price, there are various associated costs. These include stamp duty for the sales contract, stamp duty for loan agreements (for those using financing), loan handling fees, loan guarantee fees, fire insurance, registration costs, pro-rated fixed asset tax, other settlement funds, and an agency commission of 3% + 60,000 yen plus consumption tax (10%).

Critical points of attention are highlighted in the remarks. The plot straddles two different land use zones, and the applicable regulations will change depending on the proportion. Furthermore, the front road is classified as a "narrow road" under Article 42, Paragraph 2 of the Building Standards Act, requiring a setback. Specifically, a 2-meter setback from the current center of the road is necessary.

The area is rich in history, being part of the former capital of the Ryukyu Kingdom. A major landmark just a minute's walk away is the entrance to Shuri Castle Park, the site of the UNESCO World Heritage-listed Shuri-jō, the palace of the Ryukyu kings. The property also offers excellent access to public transport, with the Yui Monorail's Gibo Station approximately a 10-minute walk away.