Investment Opportunity in a Quiet Residential Area of Kochi City
This property presents a compelling investment opportunity in the quiet residential neighborhood of Yokohama Nishimachi, Kochi City. Currently tenanted, this two-story detached house offers a 4DK layout with a total floor area of 72.86 square meters on a land parcel of 119.61 square meters according to the official registry. The land includes sloped areas and is situated on a corner lot with road frontage on three sides, though the exact length of the frontage is unknown. The property is equipped with running water, propane gas, and electricity.
As noted in the agent's remarks, the property is an owner-change opportunity, sold as an income-generating asset. It boasts a projected annual rental yield of 17.6% with expected annual rental income of 636,000 yen. The property is currently occupied, so interior viewings are not possible. Parking space is available for one light vehicle (kei car). The transaction will be based on the official land registry, and it is important to note that the feasibility of rebuilding is uncertain due to the specific road frontage conditions. A special note from the agent indicates another location reference: (Page 209 G-5).
The house was built in June 1979, making it approximately 46 years old. Key features include a south-facing orientation, a system kitchen, two toilets, a reheating function for the bath, and a monitor-equipped intercom. Its layout and features make it suitable for multi-generational living. The location offers convenience with the Seto bus stop just a 5-minute walk away, while the Sambaashidori 5-chome tram station is about a 45-minute walk.
The area of Kochi City is rich in history and natural beauty, famously associated with Sakamoto Ryoma, a pivotal figure in the Meiji Restoration. A major landmark not far from this quiet neighborhood is Kochi Castle, one of Japan's few original castles that has survived intact since the 18th century, offering panoramic views of the city and a direct link to the region's samurai past.
