Land for Sale in Chatan, Okinawa: A Prime Investment Opportunity
This 470 m² plot of land, located in the Mae area of Chatan Town, Okinawa Prefecture, presents a compelling investment opportunity. The land is designated as a "field" (畑) with the classification of "anticipated residential land" (宅地見込地), indicating its potential for development. The total asking price is 38,5 million yen.
Critical agent notes provide essential financial details. Other costs include: ownership transfer registration fees, revenue stamps for contract attachment, brokerage commission, military land fees, landowner association fees, and fixed asset tax settlement. Specific annual costs for Reiwa 7 (2025) are detailed: the annual land lease fee is 837,972 yen; the fixed asset tax is 103,042 yen; the annual increase rate is approximately 1.0%; and the landowner association fee is about 4,190 yen per year (0.5%). There is no scheduled return of the land. Ownership transfer costs are to be split 50/50, and subdivision costs will be borne by the seller. An estimate of initial costs can be provided upon request. Please note that the land lease fee is calculated based on an assessed lease fee, and the displayed price (including land lease fee) is calculated per square meter. Fluctuations may occur due to rounding. The land lease fee, landowner association fee, and increase rate are calculated based on Reiwa 7 facility unit prices. The land will be delivered after subdivision.
The property is situated in Chatan, a popular town on Okinawa's west coast known for its vibrant American Village shopping and entertainment district and beautiful sunsets over the East China Sea. A major nearby landmark is the iconic Okinawa Churaumi Aquarium, one of the largest aquariums in the world, located further north in the Motobu area. This land investment offers stability with a predictable annual cost structure, making it suitable for long-term asset management.
