Lions Mansion Mihama Kita Baymark: A Versatile Coastal Investment in Okinawa
This 3LDK apartment in the Lions Mansion Mihama Kita Baymark offers a versatile living or investment opportunity in the popular Chatan area of Okinawa. Spanning approximately 75.9 square meters (22.95 tsubo), the south-east facing unit features a balcony of 8.75 square meters, providing a pleasant outdoor space. The building, a 9-story reinforced concrete structure built in February 2006, is managed by Daikyo Astage and includes amenities such as an elevator and a parcel delivery box. The property comes with a parking space equipped with a grill shutter.
According to the agent's notes, the unit is currently tenanted, generating a monthly rent of 189,000 yen and an annual rental income of 2.268 million yen, with a projected yield of 4.5%. It is critical to note that this 'projected yield' is calculated as (annual projected rental income ÷ acquisition price) × 100 and is presented before the deduction of taxes, public charges, and other necessary maintenance costs. The agent explicitly states that this figure does not guarantee the certain acquisition of the annual projected rental income. Prospective buyers should inquire with the agent regarding parking usage. Furthermore, any furniture or fixtures shown in the listing photos are not included in the sale price. Views from the property can change due to weather and are not permanently guaranteed.
The apartment's equipment includes an indoor washing machine space, a walk-in closet, and a shoe box. The kitchen is a counter-style setup with a gas cooktop featuring three or more burners. The bathroom and toilet are separate, with a unit bath installed. Security features are comprehensive, including an intercom, security cameras, a TV phone (intercom with TV monitor), and an auto-lock system for the building entrance.
The surrounding Chatan area is a vibrant mix of American and Okinawan culture, known for its beautiful sunsets and resort atmosphere. An interesting local fact is that the nearby Sunset Beach is a famous spot for viewing the spectacular Okinawan sunset over the East China Sea. The closest major tourist attraction is the Mihama American Village, a large entertainment and shopping complex designed with an American theme, located approximately 1,170 meters away, offering restaurants, shops, a Ferris wheel, and a cinema.
