Apartment Building in Nikko, Tochigi – Investment Property with Land Lease

This property is a wooden apartment building located in the Sena area of Nikko City, Tochigi Prefecture. Constructed in February 1996, the building features two storeys above ground and comprises a total of 8 residential units. The total floor area is 317.96 square meters, situated on a land area of 679.65 square meters. The land is held under a standard leasehold (ordinary sublease right), with a monthly land rent of 47,270 yen. An additional monthly expense for common area electricity is 14,400 yen. The property is currently tenanted and is being sold as an owner-change investment opportunity.

The building is equipped with propane gas, a public water supply, a public sewer system, and electricity. The property faces a private road to the east, with a width of 6 meters. The site is located in an area with no designated zoning (mushitei), and the building coverage ratio is 60% with a floor area ratio of 200%. The land is on a slope. The property is situated approximately 20 minutes on foot from Oyamukai Station on the Tobu Kinugawa Line. The listed price is 24,800,000 yen, and the property is available through a designated exclusive brokerage agreement.