Commercial Property with High Yield in Tsuyama, Okayama

This commercial property, located at 1314-8 Kotanaka, Tsuyama City, Okayama Prefecture, presents a significant investment opportunity with a high surface yield of 9.3% and a price of 23 million yen. The building, named Kotanaka Shop, is a three-story steel structure built in April 1980, offering a substantial total floor area of approximately 367.33 square meters (111.12 tsubo) on a land plot of 216 square meters (65.34 tsubo).

Critical agent notes have been translated and provide essential details. The Equipment/Facilities include a dedicated toilet and an indoor space for a washing machine. Important Special Notes/Remarks regarding the road access specify that it fronts a one-way public road to the south with a designated location. Furthermore, the property offers parking for three or more vehicles, with one parking space provided free of charge.

The property is situated in a commercial neighborhood with numerous shopping facilities nearby, including convenience stores and supermarkets, enhancing its business potential. It is currently tenanted, offering immediate rental income. The land is zoned for neighborhood commercial use with a building-to-land ratio of 80% and a floor area ratio of 200%, situated on flat land.

Tsuyama City, in northern Okayama Prefecture, is a historic castle town known for its well-preserved samurai district. A major landmark near the property is the impressive Tsuyama Castle (Kakuzan Park), a reconstructed hilltop castle offering panoramic views and famous for its stunning cherry blossoms in spring. The area provides a blend of commercial activity and rich cultural heritage.