Multi-Unit Apartment Building Investment in Okayama City
This property is a multi-unit apartment building for sale, located in the Gion area of Naka Ward, Okayama City, Okayama Prefecture. The building was completed in April 1980 and is a two-story wooden structure with a total floor area of 324.6 square meters (approximately 98.19 tsubo). The building is divided into 17 units across two separate structures. The western building, named "Corpo Namba," contains eight 1K units, of which three are occupied, two are used for storage, and three are vacant. The eastern building, "Namba Apartment," contains eight 2DK units, with two currently occupied and six vacant. Additionally, there is a vacant 4DK detached house on the southern part of the land.
Critical agent notes provide essential details about the property's condition and legal aspects. The road access situation is detailed as follows: it fronts two roads (excluding corner lots). To the south is a 4-meter wide public road with pavement. To the north is a 4-meter wide private road with pavement. A special note confirms parking for three or more vehicles is available free of charge. Remark 1 states that the northern road is a public-use road for which the owner is registered, with a disclaimer of non-conformity liability. Remark 2 reiterates the construction completion date as April 1980.
The land is a substantial 915 square meters (approximately 276.79 tsubo), rectangular in shape, flat, and located within a City Planning Area designated as a Category I Low-Rise Exclusive Residential Zone. The building-to-land ratio is 50% with a floor area ratio of 100%. The property is currently tenanted, and the transaction method is exclusive intermediary. The location offers convenient access to public transport, with Sanyo Main Line Takashima Station approximately a 20-minute walk (1444m) away and Nakai Kita bus stop a 9-minute walk (696m) away.
The Gion area of Okayama City offers a blend of residential calm and urban convenience. An interesting local landmark is the famous Okayama Korakuen Garden, one of Japan's three great gardens, located just a few kilometers away. This historic landscape garden, dating back to the Edo period, is a major tourist attraction renowned for its beautiful ponds, teahouses, and seasonal scenery, providing a serene escape within the city.
