Sublease Investment Condominium in Shibuya's Prestigious Shoto District
This property is a sublease investment condominium located in the highly desirable Shoto 1-chome area of Shibuya, Tokyo. The unit is a 1K layout with a wall-core exclusive area of 27.14 sqm (approximately 8.2 tsubo) and includes a 3.91 sqm balcony with a primary exposure to the northwest. The building is a 12-story reinforced concrete (RC) structure, and this unit is situated on the 2nd floor. It was constructed in May 2015.
Key financial details include an asking price of 54 million yen. The monthly management fee is 15,416 yen, and the monthly repair reserve fund is 7,518 yen. The property is currently tenanted under a sublease arrangement, generating a projected annual rental income of 1,668,000 yen, which translates to a projected annual yield of 3.08%. The sublease details are a monthly rent of 129,000 yen plus a common service fee of 10,000 yen, totaling 139,000 yen per month. The building management is fully outsourced with a patrol-based superintendent system. The property includes an inspection, defect warranty, and equipment warranty. An owner change is scheduled for the year.
The Shoto neighborhood is one of Tokyo's most exclusive and tranquil residential enclaves, known for its wide, tree-lined streets and sophisticated atmosphere. Interestingly, the area was historically a hunting ground for the Tokugawa shogunate before being developed into a prestigious residential district in the early 20th century. It offers a serene escape just minutes from the vibrant heart of Shibuya. The closest major landmark is the iconic Meiji Jingu Shrine, a vast forested Shinto shrine dedicated to Emperor Meiji and Empress Shoken, located a short distance away in the adjacent Harajuku area.
