Investment Opportunity in Urasoe: A Ground-Floor Apartment with Existing Tenant
This property presents a compelling investment opportunity in the city of Urasoe, Okinawa. It is a ground-floor unit within an 8-story apartment building, currently leased as an office space with a monthly rent of 63,000 yen. The property is notable for its versatility, as its usage is also permitted for residential purposes. The listing highlights a surface yield of 9.45%, indicating strong rental income potential relative to the purchase price.
The apartment itself is a 1-room Western-style layout with a total floor area of 97.46 square meters (approximately 29.48 tsubo). The building was constructed in June 1974, making it 51 years old. It is a concrete block (CB) structure located in the Daihei 2-chome district of Urasoe. Access is convenient, with the "Yomei High School" bus stop approximately a 3-minute walk away.
Critical agent notes provide essential financial details. The monthly fees include a management fee of 7,000 yen, a repair reserve fund of 6,000 yen, a parking fee of 3,000 yen, and an association fee of 1,000 yen. Annual obligations consist of a fixed asset tax of 32,470 yen and an annual land lease fee of 39,150 yen. For further details, interested parties are instructed to contact Shine Fudosan SUN.
The area of Urasoe is a thriving residential and commercial hub on Okinawa's main island, seamlessly connected to the capital, Naha. An interesting historical fact about Urasoe is that it was once the seat of the Ryukyu Kingdom's government before the capital was moved to Shuri in Naha. The city offers a blend of modern convenience and historical significance. The closest major landmark is the iconic Okinawa Convention Center in nearby Ginowan, a striking piece of modern architecture often used for major events and exhibitions, located just a short drive away along the scenic coastline.
