Prime Development Land in Naha's Toma District
This substantial 749 square meter plot of land presents a significant development opportunity in the sought-after Toma district of Naha City, Okinawa. The property is currently listed for sale at a price of 177.9 million yen. The land is officially registered as farmland, but a critical detail is that the process to change its land classification is currently underway. The timing for the handover of the property is open for discussion, providing flexibility for a prospective buyer.
Critical agent notes have been provided, which include essential financial and procedural information. The annual leasehold fee for the land is 3,356,576 yen, with an escalation rate of 1.00%. Furthermore, the costs associated with the ownership transfer registration will be borne by the buyer. This transparency regarding ongoing and future costs is vital for accurate investment planning.
The Toma area is a dynamic part of Naha, known for its proximity to key facilities. An interesting local fact is that Naha is home to Shuri Castle, a UNESCO World Heritage site and the former royal palace of the Ryukyu Kingdom, which was tragically lost to fire in 2019 and is currently undergoing reconstruction. The property's location offers convenient access to the wider Naha metropolitan area, with its vibrant culture, shopping, and dining scenes. The closest major landmark is the Naha Military Base, a significant installation for the Japan Air Self-Defense Force, highlighting the area's strategic importance.
