Land Investment Opportunity on Iejima Island, Okinawa
This listing presents a substantial land parcel for sale in Nishieue, Iejima Village, Okinawa. The property is situated within the Iejima Auxiliary Airfield, a military facility, and is located inside the perimeter fence. The agent's remarks highlight that this is a long-term leased land (軍用地) with no scheduled return, offering a stable and predictable income stream. The annual lease income is 461,560 yen, and the asking price is approximately 40 times this annual amount, indicating a potential yield-based valuation. A significant financial benefit is the complete exemption from fixed asset tax (固定資産税免税), resulting in a cost of 0 yen for the owner.
The land itself is classified as forested mountain (山林) and spans approximately 2,098 square meters (about 634.6 tsubo). There are no specific building conditions (建築条件無), providing flexibility for the investor. The transfer of the property is subject to consultation (引渡応相談). Access is convenient, with the Training Ground Entrance bus stop just a 3-minute walk away.
Iejima, or Ie Island, is a peaceful island located northwest of the main Okinawa Island, known for its iconic Iejima Lily fields and Mount Gusuku, which offers panoramic views. The island provides a tranquil escape with a rich history and natural beauty. A major landmark visible from parts of the island is the majestic Ie Island Coastline, featuring unique rock formations and clear waters, popular for diving and snorkeling.
