Commercial Shop Building for Sale in Gamagori City, Aichi Prefecture
This commercial property is a two-story steel-framed shop building located in Gamagori City, Aichi Prefecture. The building offers a substantial total floor area of 536.6 sqm (approximately 162.32 tsubo) on a generous land plot of 970.25 sqm (approximately 293.5 tsubo). It was constructed in December 1977. The property is currently tenanted, and the purchase requires the assumption of the existing lease agreement. The layout details are currently unconfirmed.
The property is being sold for 73,000,000 JPY. The current annual rental income is 3,780,000 JPY, yielding a current return of 5.17%. The projected annual rental income, assuming full occupancy, is also 3,780,000 JPY, with a projected yield of 5.17%. Important notes regarding these figures: The yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting taxes, public charges, and other expenses necessary to maintain the property. The projected rental income and yield are calculated based on market rents, adding estimated rent for any vacant spaces to simulate full occupancy. Please note that rental income is not guaranteed to be reliably obtained in the future. (Survey date: -).
The location offers excellent convenience, being just a 2-minute walk (approx. 130m) from a Ministop convenience store and a 2-minute walk (approx. 110m) from a Sugi Pharmacy. JR Tokaido Line's Mikawa-Miya Station is within a 16-minute walk, providing regional rail access. The property fronts multiple public roads with widths of approximately 15m to the south, 8m to the west, and 6m to the north.
The surrounding area of Gamagori is part of Aichi Prefecture's coastline, known for its citrus fruits and scenic views of Mikawa Bay. A notable nearby landmark is the Gamagori Phoenix, a large resort complex featuring a hotel, hot springs, and a marina, which is a popular destination for both leisure and events. The property is situated in a First Category Residential Zone within a city planning area, with a building coverage ratio of 60% and a floor area ratio of 200%.
