Investment Opportunity: Refurbished Commercial Building in Naha's Maeshima District
This commercial building, located in Naha's Maeshima 3-chome, presents a compelling investment opportunity with a current gross yield of 4.7%. The property is a two-story, reinforced concrete (RC) structure built in 1963, sitting on a land area of 138.41 square meters. The total building area is 193.64 square meters. The property is currently fully tenanted, generating a stable monthly rental income.
Critical agent notes provide essential details on the income and recent upgrades. The rental structure is as follows: the first floor generates 145,000 yen per month, while the second floor generates 160,000 yen per month, resulting in a total monthly rental income of 305,000 yen. Approximately eight years ago, a significant renovation and repair project was undertaken at a cost of around 18 million yen. Furthermore, the kitchen facilities for the restaurant tenant on the first floor were installed by the owner and are included in the lease, making it a turnkey operation for the current food service business.
The building's layout is configured for commercial use. The first floor is occupied by a yakiniku (Japanese BBQ) restaurant, and the second floor consists of eight rental rooms with shared water facilities. The property includes parking for up to five vehicles. It is situated in a commercial zone within an urban planning area, with a high building coverage ratio of 80% and a floor area ratio of 400%.
