Owner Change Investment Property in Sapporo with 6% Yield
This property presents an owner change investment opportunity with a projected annual rental income of 780,000 yen and a strong 6% yield. Located in Hachiken, Nishi Ward, Sapporo, the property is a two-story wooden and reinforced concrete structure with a zinc-galvanized steel plate roof, built in December 1981. It features a 4LDK layout with a total floor area of 111.96 sqm (approx. 33.86 tsubo).
The land is a flagpole-shaped lot with an attached access pathway. Notably, there is a 1/2 co-ownership share in this pathway section. The registered land area is 125.7 sqm (approx. 38.02 tsubo) and the property is situated in a Category II Medium/High-Rise Residential Exclusive Zone with a building-to-land ratio of 60% and a floor area ratio of 200%. The property is currently tenanted.
Equipment includes electricity, water supply, and sewerage. Special notes confirm this is an owner change sale. The school district is Hachiken Elementary School and Hachiken Higashi Junior High School. Legal restrictions include a 33-meter height control district. The transaction is exempt from non-conforming contract clauses and does not explicitly indicate boundaries. The property is being sold via intermediary.
The location offers exceptional convenience for daily life. It is just a 5-minute walk from JR Kotoni Station, and the area from the station surroundings to the subway Kotoni Station is lined with numerous commercial facilities. An interesting fact about Sapporo is that it's home to the Sapporo Snow Festival, one of Japan's largest winter events, held annually in Odori Park. The closest major landmark is the historic Clock Tower (Tokeidai), a symbol of Sapporo's pioneering era and a popular tourist attraction in the city center.
