Spacious Apartment Building in Nago, Okinawa with Strong Rental Potential
This is a substantial apartment building located in Nago City, Okinawa Prefecture. The property, built in November 2003, is a 7-story reinforced concrete (RC) structure containing 12 units. It sits on a generous land area of 495.66 sqm (approximately 149.93 tsubo) with a total building floor area of 1101.63 sqm (approx. 333.24 tsubo). The land is designated as residential within a urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 200%.
The building is fully equipped with essential facilities. These include propane gas, city water supply, a septic tank, air conditioning, hot water supply, an elevator, electricity, private toilets, separate bath and toilet, indoor washing machine space, storage space, and an auto-lock security system. The property fronts a public road to the south with a width of 15.9 meters and a frontage of 16.6 meters. It is noted as a one-sided road access property without a designated position.
A key remark from the agent highlights the property's investment appeal: there is a proven record of achieving more than double the original rent during tenant turnover periods. The location offers excellent access to central Nago City and is close to a stadium used as a training camp by the Hokkaido Nippon-Ham Fighters baseball team, as well as nearby beaches. The area is in the northern part of Okinawa, which is predicted for further development, with major attractions like the Churaumi Aquarium and Kouri Island in proximity.
The surrounding Nago area is a vibrant part of northern Okinawa, known for its stunning coastal scenery and rich marine life. An interesting local fact is that Nago hosts the annual Orion Beer Festival, a major event celebrating Okinawa's most famous beer. The region is a gateway to the island's natural wonders, with the magnificent Churaumi Aquarium, one of the largest aquariums in the world, being the closest major tourist attraction.
