Investment Opportunity in Shibuya's Vibrant Hiroo District
This property is a 1K apartment for sale located on the 6th floor of a 14-story building (with one basement level) in the prestigious Hiroo 1-chome area of Shibuya, Tokyo. Built in February 2004, the apartment features a wall-core exclusive area of 21.17 sqm (approximately 6.4 tsubo). The layout includes a 6.5-tatami mat Western-style room and a balcony of 3.48 sqm with primary sunlight exposure from the northwest.
Key features and equipment include a closet, an indoor washing machine space, hot water supply, and an elevator in the building. Special notes indicate this is an owner change situation. The property is currently tenanted, generating an annual scheduled rental income of 1,290,000 yen, with a projected yield of 3.93%. The monthly costs include a management fee of 7,760 yen and a repair reserve fund of 4,680 yen. Importantly, the management fee includes internet usage charges, making the total monthly cost for management, internet, and the repair reserve 12,440 yen. The building is a steel-reinforced concrete (SRC) structure with full outsourcing and patrol-based management.
The apartment boasts an excellent location facing Meiji-dori Avenue and offers access to three train stations: a 7-minute walk to JR Yamanote Line's Ebisu Station, a 12-minute walk to Tokyo Metro Hibiya Line's Hiroo Station, and a 17-minute walk to Tokyu Toyoko Line's Daikanyama Station. The area is a sophisticated and international enclave, known for its upscale boutiques, embassies, and serene residential streets. A notable nearby landmark is the historic Hiroo Hachiman Shrine, a peaceful spot amidst the urban energy. The property presents a solid investment opportunity in one of Tokyo's most desirable and well-connected neighborhoods.
