Investment Portfolio of 8 Recently Built Apartment Buildings in Kurashiki, Okayama
This is a significant investment opportunity offering a portfolio of 8 recently constructed apartment buildings located in Kurashiki City, Okayama Prefecture. The portfolio comprises 7 buildings constructed by Daiwa House using a lightweight steel frame structure, and 1 building built using a 2x4 wood frame construction method. In total, the portfolio contains 100 residential units.
The property details are as follows: The land area is 4,626.01 square meters, with a total building floor area of 4,021.66 square meters. The buildings were constructed between September 2020 and March 2025, making them all relatively new. The property is zoned for Category 1 and Category 2 residential use, with a building coverage ratio of 60% and a floor area ratio of 200%.
Equipment and facilities across the buildings include: propane gas, a water supply, a sewage system, gutters, a hot water supply system, a parcel delivery box, a boiler-type hot water system, electricity, dedicated toilets, separate bath and toilet, a heated toilet seat, a reheating function for the bath, an indoor washing machine space, internet connectivity, and a TV monitor-equipped intercom.
Regarding the road frontage, the property faces a 6-meter-wide public road to the north, with a frontage of 8 meters, and the road is paved.
The portfolio is broken down into four main groups. The first, "Le Cher Naka-shō I & II" in Tokuyoshi, Kurashiki, consists of two 3-story lightweight steel frame buildings (753.6 sqm each), built 5 years and 6 months ago, containing 18 one-bedroom units each, with an expected annual income of 32,172,000 yen. The second group, "Forteis Kurashiki A, B, C" in Miyamae, Kurashiki, includes three 3-story lightweight steel frame buildings (393.84 sqm, 494.97 sqm, and 252.47 sqm), built between 3 years and 6 months and 3 years and 9 months ago, containing a total of 27 one-bedroom units, with an expected annual income of 23,652,000 yen. The third group, "Fortis Shijūsai & Shijūsai II" in Shijūsai, Kurashiki, includes one 3-story lightweight steel frame building (823.2 sqm, built 3 years and 8 months ago) with 24 one-bedroom units, and one 2-story wooden building (173.21 sqm, built 1 year and 9 months ago) with 2 one-bedroom and 2 two-bedroom units, totaling 28 units with an expected annual income of 22,068,000 yen. The fourth group, "TicTic Naka-shō" in Naka-shō, Kurashiki, is a 3-story lightweight steel frame building (410.59 sqm, built 5 years and 6 months ago) with 9 one-bedroom units, with an expected annual income of 8,800,000 yen.
The total expected annual rental income for all 8 buildings is 86,700,000 yen, with a yield of 4.81%. The property is within a 7-minute walk from Naka-shō Station on the JR Sanyo Main Line.
