Investment Opportunity in Okinawa City: A Currently Leased Single-Story House
This property presents a unique investment opportunity in the sought-after area of Okinawa City. It is a single-story house (平屋戸建) located in the Shomisato 3-chome district, currently leased as a standard rental, offering immediate income potential. The property is listed as an "Owner Change" (オーナチェンジ) opportunity, indicating a transfer of ownership.
Key financial details include a monthly rent of 55,000 yen, generating a gross yield of 14.6%. The land is leased, with an annual ground rent (借地料) of 252,000 yen. A one-time title transfer fee (名義書換料) of 252,000 yen applies to the transaction. The total land area is a generous 231.4 square meters (approximately 70 tsubo), with a building floor area of 103.24 square meters (approximately 31.23 tsubo). The layout is a spacious 3LDK configuration, comprising a living-dining-kitchen area and three bedrooms (two Western-style, one Japanese-style).
The house was built in September 1957, making it 68 years old, and features a concrete block (CB) construction. It is a single-story structure. The property faces east onto a 0.9-meter-wide road. Notable conditions include a height difference on the left side of the building and pets are not permitted. The property is located within a Category I Exclusive Residential Zone under the city planning act, with a building-to-land ratio of 60% and a floor area ratio of 200%. The handover date is negotiable. Public transport access is convenient, with the Yamauchi bus stop approximately a 3-minute walk away.
The surrounding area of Okinawa City is a dynamic urban center in central Okinawa. An interesting local fact is that the city is home to the Okinawa Arena, a major multi-purpose sports and event venue that has become a hub for large-scale concerts and sporting events. The property is also notably close to the popular AEON Mall Rycom, one of the largest shopping complexes in Okinawa Prefecture, offering extensive retail, dining, and entertainment options just a short distance away.
