Investment Opportunity: Detached House and Nagaya in Nagasaki City

This property presents a unique investment opportunity in Nagasaki City, consisting of a detached house and a separate nagaya (traditional Japanese row house) building with two units. The property is currently fully occupied and generating rental income. The total land area is 214.23 square meters (approximately 64.80 tsubo). The main building is a single-story wooden structure built in November 1952, with a total floor area of 81.34 square meters and a 3LDK layout. The nagaya has a total floor area of 56.95 square meters. One of its two units has been renovated and is a one-room layout, while the other unit is occupied by a long-term tenant, so its specific layout is unknown.

Key financial details from the agent notes indicate a projected gross rental yield of 15.6% when fully occupied, with a total monthly rental income of 137,000 yen and an annual income of 1,644,000 yen. The property address is 8-7 Motomachi. Please note that vehicles cannot be parked directly beside the property.

The property is equipped with propane gas, water supply, sewerage, hot water supply, electricity, a dedicated toilet, separate bath and toilet, a bidet toilet seat, a shower, and a video intercom. The property rights are ownership (freehold). It is located within an urbanization promotion area, zoned as Category 1 Medium-to-High-Rise Exclusive Residential District, with a building-to-land ratio of 60% and a floor area ratio of 200%.

The property is situated in the historic Motomachi area of Nagasaki City. This port city is famously known for its unique blend of Japanese and foreign influences, a legacy of its time as the sole port open to foreign trade during Japan's period of isolation. A short distance away is the iconic Glover Garden, an open-air museum of Western-style homes from the Meiji period, including the former residence of Thomas Blake Glover, which offers panoramic views of Nagasaki Harbor and is a major tourist attraction.