Investment Land in Urasoe with Future Development Potential
This 149 square meter plot of land, located in the Yafuso area of Urasoe City, Okinawa, presents a forward-looking investment opportunity. The property is part of the Camp Kinser (Makiminato Supply Area Yafuso) land, which is scheduled for return from U.S. military use in 2025 or later. This timeline positions the land as a strategic investment for those looking ahead to urban development opportunities in the coming decade. It is also a property selected for inheritance tax planning purposes.
Critical financial details from the agent's notes include a multiplier of 64x, an annual lease fee of 342,059 yen (for the R7 summer payment), and a fixed asset tax of 80,582 yen (for the R7 fiscal year). The buyer is responsible for the ownership transfer registration costs (currently being estimated). The brokerage commission is calculated as (price x 3%) + 60,000 yen, plus tax. Separate costs associated with borrowing are to be discussed with the financing financial institution.
The area of Urasoe is a dynamic city adjacent to Naha, Okinawa's capital. An interesting fact is that Urasoe was once the seat of the Ryukyu Kingdom before the capital moved to Shuri. The property is conveniently located not far from major attractions like the Okinawa Prefectural Museum & Art Museum, which offers deep insights into the unique history and culture of the Ryukyu Islands.
