Investment Opportunity with Panoramic Views of Meiji Jingu Shrine
This 1LDK apartment presents a unique investment opportunity in the prestigious Shibuya Ward of Tokyo. Currently tenanted, the property offers a projected annual rental income of 2.7 million yen and a yield of 1.35%. The unit is located on the 8th floor of the Co-op Olympia building, a steel-framed reinforced concrete (SRC) structure built in March 1965. The apartment boasts a spacious 56.21 sqm (approx. 17 tsubo) interior layout featuring a 9-tatami mat Western-style room and a combined 12-tatami mat Living-Dining-Kitchen area.
Key features and equipment translated from the agent notes include a system kitchen, ample storage space, air conditioning in all rooms, central air conditioning, security cameras, an elevator, shared guest rooms, and front desk services. Special notes indicate the building has no structure directly in front and maintains a distance of over 2 meters from adjacent buildings. The entire building's land is under consideration for sale, making this an attractive proposition for investors.
The most compelling feature is the breathtaking, unobstructed view overlooking the vast forest of Meiji Jingu Shrine, offering a serene green panorama rare for central Tokyo. The location is exceptionally convenient, just a 1-minute walk from Tokyo Metro Chiyoda Line's Meiji-jingumae Station and a 2-minute walk from the JR Yamanote Line's Harajuku Station.
The surrounding area of Jingumae and Harajuku is a dynamic fusion of traditional culture and cutting-edge fashion. An interesting fact is that Meiji Jingu, one of Tokyo's most important Shinto shrines, is dedicated to the deified spirits of Emperor Meiji and Empress Shoken and sits within a 170-acre forest containing over 120,000 trees of 365 different species, donated from all over Japan when the shrine was established. The closest major landmark is, fittingly, the majestic Meiji Jingu Shrine itself, providing both a cultural touchstone and a permanent, protected vista.
