Frontage Nakazumi 506: An Investment Apartment on Okinawa's Route 58
This property presents a compelling investment opportunity in the form of a currently tenanted apartment unit within the "Frontage Nakazumi" condominium complex in Urasoe City, Okinawa. The unit, designated as 506, offers a dedicated area of 44.5 square meters (approximately 13.46 tsubo) and is situated on the 5th floor of a 10-story reinforced concrete (RC) building equipped with an elevator. The building itself is managed by an owners' association under a fully delegated management system.
Critical agent notes have been translated and provide essential financial and contractual details. The equipment includes an elevator. Special remarks are as follows: *Fixed Asset Tax: 62,418 yen (Reiwa 4 fiscal year)*Fixed-term lease agreement: July 14, 2024 to July 13, 2026 (2 years)*Brokerage commission is free! Please feel free to contact us for details!! The property generates a steady annual rental income of 702,000 yen, derived from a monthly rent of 55,000 yen, a parking fee of 3,000 yen, and a shared water fee of 500 yen. This results in a surface yield of 8.1%. It is important to note that as the property is on a leasehold right, a monthly leasehold fee of 3,226 yen applies.
The apartment's location along National Route 58 ensures excellent accessibility and visibility. The area of Urasoe is rich in history, once serving as the seat of the Ryukyu Kingdom's government before the capital moved to Shuri. A major landmark nearby is the Okinawa Prefectural Peace Memorial Museum, a profound site dedicated to reflecting on the history of the Battle of Okinawa and promoting peace, located a short drive away in Itoman City.
