Land for Sale in Kagoshima City with Existing Structure and Development Potential

This 182.68 square meter (approximately 55.26 tsubo) plot of land is located in the convenient Nishishiki 2-chome area of Kagoshima City. The property is offered at a price of 11,000,000 JPY, translating to a per-tsubo cost of 200,000 JPY. The land is situated in a designated urbanization area under the city planning act, falling within a Location Optimization Planning Area and a Residential Inducement Zone. It is also subject to the Landscape Act. The land use district is categorized as a Category I Low-Rise Exclusive Residential Zone, with a building coverage ratio of 50% and a floor area ratio of 80%.

Critical agent notes have been provided. The current status notes: "There is an old house on the property. If you wish to see it in person for free, please feel free to contact us with your preferred date." Further remarks specify important legal and geographical considerations: "The property is in an area designated under Article 22 of the Building Standards Act. It is within a sediment disaster warning zone and has cliff regulations. The property will be transferred in its current condition, which includes the existing structure. However, if you prefer the land to be transferred after demolition and leveling, a sale at 13,000,000 JPY is also negotiable." The land rights are freehold (ownership), and the transaction is handled under a general agency agreement.