Investment Opportunity: Camp McTureous Land Parcel in Uruma, Okinawa
This listing presents a 92.69 m² (approximately 28.03 tsubo) land parcel located in the Nishihara district of Uruma City, Okinawa. The property is designated as military land (軍用地) and offers a stable investment opportunity with a high land-to-price ratio of approximately 44x. The title is held in a single name, simplifying the transaction process. The listed price of 6,300,000 yen includes the land lease fee.
Critical financial details from the agent's notes are as follows: Fixed asset tax, landowner association fees, and daily pro-rated land fee adjustments are applicable. For the Reiwa 7 fiscal year (2025), the annual land lease fee is 142,356 yen, and the fixed asset tax is 13,788 yen. The annual escalation rate is approximately 0.59%. The landowner association fee for the same period is about 925 yen per year (0.65%). The land is classified as residential land (宅地). There is no scheduled return of the land. Ownership transfer costs are to be borne by the buyer. An estimated breakdown of initial costs can be provided upon request. Please note that the displayed price (including land lease fee) is calculated per square meter, and variations may occur due to rounding methods. The land lease fee, association fee, and escalation rate are calculated based on Reiwa 7 fiscal year unit prices.
The area of Uruma City is rich in history and natural beauty, formed from the merger of several towns. An interesting local fact is that parts of the city are located on the Katsuren Peninsula, which was once the seat of the powerful Katsuren Kingdom during the Ryukyu era. The closest major tourist attraction is the iconic Katsuren Castle (勝連城跡), a UNESCO World Heritage site offering panoramic views of the East China Sea and a glimpse into Okinawa's royal past.
