Spacious 4DK Detached House with Investment Potential in Osaka's Shijonawate Area
This property is a detached house for sale located in Osaka City's Shijonawate Ward, offering a unique investment opportunity as it is currently tenanted. The house was built in January 1959 and features a wooden structure with two above-ground floors. The total floor area is a generous 75.57 sqm (approximately 22.85 tsubo), laid out in a 4DK configuration. The rooms include a 6-tatami Japanese-style room, a 4.5-tatami Western-style room, a 6-tatami Western-style room, a 12-tatami Western-style room, and a 5.5-tatami dining kitchen. The main source of natural light is from the east. The land area is 46.78 sqm (approximately 14.15 tsubo) with a building-to-land ratio of 60% and a floor area ratio of 200%. The property is situated in a quasi-industrial zone within the urbanization promotion area.
Key equipment and features include a balcony/yard. Special notes indicate there is no parking. Important remarks detail the running costs and initial fees associated with the land leasehold: a security deposit of 200,000 yen and a contract administrative fee of 33,000 yen. The property is under an owner-change arrangement. The annual projected rental income is 840,000 yen, with an annual projected yield of 12.8%. The land rights are an ordinary leasehold with a monthly ground rent of 16,270 yen and a lease period of 30 years. The property fronts a private road on the west side with a width of 2.8m and a private road frontage of 4.8m. There are legal restrictions regarding rebuilding.
The area of Shijonawate offers a blend of residential calm and convenient access to Osaka's urban core. An interesting local fact is that the nearby Hanaten area was historically a major hub for the textile industry. The closest major landmark is the iconic Osaka Castle, a magnificent historical fortress surrounded by parklands, located a short train ride away and offering a stunning glimpse into Japan's samurai past.
