Historic 1931 Investment Property in Osaka's Hanaten District
This property is a two-story wooden house built in January 1931, located in Osaka's Tsurumi Ward. It is currently tenanted, presenting an immediate investment opportunity with an estimated annual rental income of 828,000 yen and a projected yield of 11.5%. The total floor area is 59.73 sqm (approximately 18.06 tsubo) on a land area of 54.81 sqm (approximately 16.58 tsubo), which includes 8 sqm of private road. The layout is a 4DK configuration, consisting of four rooms: two Japanese-style rooms (4.5 jo and 4 jo), two Western-style rooms (8 jo and 3.5 jo), and a 5.5 jo dining-kitchen. The main source of natural light is from the south. The property is situated in a Quasi-Commercial Zone with a building-to-land ratio of 80% and a floor area ratio of 300%.
Key agent notes and equipment details: The property is under an exclusive intermediary agreement. The floor plan prioritizes the actual current condition. The land right is an old-law leasehold (旧法賃借権) with a monthly ground rent of 20,800 yen and a lease period of 20 years. There is no parking available. The property fronts a road to the south with a width of 3.6m and a private road frontage of 4m. The transfer timing is negotiable. Initial costs include a contract fee of 20,800 yen. An owner change is planned. The property is eligible for reconstruction. The transaction terms are negotiable (応相談).
The Hanaten area offers convenient access, being just a 5-minute walk from Hanaten Station, served by both the JR Gakkentoshi Line (Katamachi Line) and the Osaka Higashi Line. This connectivity makes commuting to central Osaka straightforward. An interesting local fact is that the nearby Yodo River was historically crucial for transporting goods to Osaka Castle. The closest major landmark is the iconic Osaka Castle, a magnificent historical fortress surrounded by expansive parklands, located a short train ride away.
