Awaza Rise Towers Flag 46: A High-Rise Investment Apartment in Central Osaka
This property is a 3LDK apartment located on the 30th floor of the 46-story Awaza Rise Towers Flag 46, a modern reinforced concrete tower in Osaka's Nishi Ward. Built in January 2016, the unit offers 87.1 sqm (approx. 26.34 tsubo) of living space with a south-facing orientation and a 23.34 sqm balcony. The building features a hotel-like interior corridor design, a garbage disposal area on each floor allowing for 24-hour trash disposal, and pet ownership is permitted (subject to building regulations). The apartment comes with a walk-in closet and a bathroom dryer. Parking is available on-site (rental, 43 spaces available, costing between 17,000 and 21,000 yen per month as of April 3, 2026).
Critical agent notes provide essential investment details. The property is currently tenanted, and the buyer will need to take over the existing lease agreement. The estimated annual rental income at full occupancy is 3,408,000 yen (including management fees), which translates to a projected surface yield of approximately 4.0%. It is crucial to note that this yield is calculated as the ratio of the annual rental income to the sale price before deducting taxes, public charges, and other necessary maintenance costs for the property. Furthermore, the estimated rent and yield are calculated based on market rates, adding rent for vacant portions to assume full occupancy. The rental income is not guaranteed to be reliably obtained in the future. (Survey date: April 3, 2026). A security deposit refund liability of 284,000 yen is carried over.
The apartment is situated in the dynamic C-No-Shima area, offering exceptional convenience. It is just a 2-minute walk from Awaza Station, providing access to the Osaka Metro Chuo and Sennichimae lines, and a 12-minute walk from Nishi-Nagahori Station on the Nagahori Tsurumi-ryokuchi Line. The area is a hub of business and modern living in Osaka. An interesting local fact is that the nearby Nakanoshima district is an artificial island created at the confluence of the Dojima and Tosabori Rivers, housing some of Osaka's most iconic modern architecture, including the Osaka City Central Public Hall. The closest major landmark is the Umeda Sky Building, a spectacular twin-tower skyscraper known for its Floating Garden Observatory, located just a few train stops away.
