Commercial Land Lease Opportunity in Nago City, Okinawa
This commercial land lease presents a significant opportunity in the serene residential neighborhood of Umosa no Mori, Nago City. The property is a large, level plot of land measuring 1,110.71 square meters (approximately 335.98 tsubo), situated within a land readjustment area. It offers excellent visibility, being partially visible from National Route 449, making it suitable for various business ventures.
Critical lease details are outlined in the agent's special notes. The contract period is negotiable. This is a fixed-term land lease contract with a duration of over 10 years. It is crucial to note that the contract period does not include renewal or extension of the term. Upon contract termination, the lessee has no right to request the purchase of any buildings constructed on the land. Furthermore, the lease term cannot be extended by rebuilding structures (in principle). A notarized deed will be used for the contract, with associated costs borne by the parties. There are also costs for creating a new notarized deed upon re-contracting. A strict condition is that termination is not permitted for the first 10 years after the initial contract. If termination occurs during the contract period after that, a penalty equivalent to one year's rent and other fees will apply.
The monthly land rent is set at 380,000 yen. Additional costs include a security deposit (敷金) of one month's rent, while key money (礼金) and common area fees are not required. The agent's commission is equivalent to one month's rent.
