Commercial Building Investment in Yokohama's Tsurumi Ward
This commercial building, named the Esties Building, is located in Tsurumi Central 1-chome, Tsurumi Ward, Yokohama City, Kanagawa Prefecture. The property is conveniently situated just a 3-minute walk from Tsurumi Station, served by the Keihin-Tohoku and Negishi Lines, providing excellent access to central Tokyo and surrounding areas.
The building is a 4-storey steel structure built in February 1986. It sits on a corner lot with road frontage: an 8-meter wide public road to the southeast and a 4-meter wide public road to the northeast. The total land area is 114.70 sqm (approximately 34.69 tsubo), with a building area of 273.09 sqm (approximately 82.60 tsubo). The property is within a commercial zone in an urbanization promotion area, with a building-to-land ratio of 80% and a floor area ratio of 600%.
A key feature of this listing is its established rental income. The property is currently tenanted and generates an annual rental income of ¥10,637,064, representing a simple yield of 7.8%. The building accommodates a mix of uses: units 101 and 102 are retail shops, unit 201 is a facility, unit 301 is an office, and units 401 and 402 are residential apartments. The property is offered for sale at a price of ¥135,000,000.