Luxury Resort-Style Condominium with Dual Ocean Views in Okinawa
This high-end condominium, located within The Rycom Hills Residence Okinawa in Kiseba, Kitakagusuku Village, offers a rare opportunity to own a hotel-quality residence with commanding views of both the East and West Coasts. The property is currently tenanted, generating a stable annual rental income of 3.84 million yen with a surface yield of 5.27%.
The 105 sqm (approx. 31.76 tsubo) interior is designed for spacious and comfortable living. The layout is a 2LDK, featuring a generous 26.2-jo (tatami mat) living, dining, and kitchen area. The two Western-style rooms measure 7.9-jo and 10-jo respectively, with the door to one being movable to create an even more open-plan space integrated with the LDK. The unit is equipped with a walk-in closet and a shoe-in closet for ample storage. The wide balcony and even the bathroom provide stunning ocean vistas.
Critical agent notes have been translated and incorporated. Equipment/Facilities: Indoor washing machine space, all Western-style rooms, barrier-free design. Special Notes/Remarks for the Condominium: Internet usage fee: 754 yen/month. Resident-exclusive garden pool, barbecue corner. Further Remarks: The property is under an ordinary leasehold contract (renewable). The monthly ground rent is 6,226 yen. It features an ocean-view bathroom and an auto bath system with automatic filling and re-heating functions. Garbage disposal is possible 24 hours a day. The residence includes a resident-exclusive garden pool and a resident-exclusive barbecue corner. The unit comes with a washer-dryer and a gentle, fast-drying gas dryer, as well as a refrigerator and cupboards. The cost of ownership transfer registration is borne by the buyer, and the seller is exempt from liability for non-conformities in the contract. Regarding the existing lease agreement: It is an ordinary lease with a monthly rent of 320,000 yen, annual rental income of 3.84 million yen, and a surface yield of 5.27%.
Additional building amenities include an elevator, parcel lockers, and robust security with auto-lock doors, security cameras, and a smart key system. The property is pet-friendly (with regulations) and features high-grade finishes throughout.
The area of Kitakagusuku Village is centrally located on Okinawa's main island, offering a blend of modern convenience and natural beauty. An interesting local fact is that the village is home to the UNESCO World Heritage site, Nakagusuku Castle Ruins, a stunning example of Ryukyuan gusuku architecture. The closest major landmark is the comprehensive Rycom (Ryukyucom) retail and entertainment complex, providing extensive shopping, dining, and leisure options just moments away.
