Investment Opportunity: 72-Unit Apartment Building Adjacent to University of the Ryukyus
As detailed in the agent's special notes, the property comes with parking space for 17 vehicles only. Furthermore, due to the aging of some equipment, there are sections that require essential replacement and construction work. This is a critical point for potential investors to consider in their financial planning.
The location is exceptionally convenient, situated immediately next to the University of the Ryukyus. Within walking distance, residents have access to a full complement of daily necessities and services including convenience stores, supermarkets, restaurants, karaoke establishments, and medical facilities. The property is located within the urbanization promotion area under the First Category Medium-to-High-Rise Exclusive Residential District zoning, with a building-to-land ratio of 60% and a floor area ratio of 200%.
Nakagusuku Village is rich in history and culture, famously home to the Nakagusuku Castle Ruins, a UNESCO World Heritage site. This well-preserved *gusuku* (Ryukyuan castle) offers breathtaking views of the East China Sea and stands as a testament to the Ryukyu Kingdom's unique architectural and cultural heritage. The area provides a blend of academic vibrancy and deep historical significance, making it a compelling location for long-term rental demand.