Okinawa Military Land Investment Opportunity in Naha City
This listing presents a unique investment opportunity in Naha City, Okinawa. The property is a plot of military land (Okinawa Military Land) located in Sumiyoshi-cho, Naha City, specifically part of the Naha Port Facility, with a land area of approximately 24.14 square meters (about 7.3 tsubo). The land is designated as residential land (宅地) on flat terrain. The annual lease fee for this military land is 161,148 yen, with a multiplier of 44 times. It is important to note that the annual lease fee and the fixed asset tax will be prorated and settled at the time of the property transaction completion. This land is scheduled for return (返還予定地) and the contract will be a personal agreement with the Okinawa Defense Bureau.
The property is priced at 7.09 million yen and offers immediate possession. It is located in a quasi-industrial zone within the city planning urbanization area. The plot has a building coverage ratio of 60% and a floor area ratio of 200%. The fixed asset tax is listed as 12,900 yen. The property is accessible, being a 7-minute walk from the Naha Port Mae bus stop. This is an intermediary transaction, and no notification under the National Land Use Planning Act is required. The estimated annual return is 161,148 yen.
The Sumiyoshi-cho area of Naha is a dynamic part of the city, closely associated with the port facilities. An interesting historical fact about Naha is that it was once the capital of the Ryukyu Kingdom, a thriving independent kingdom that engaged in extensive trade throughout Asia. The area is conveniently located not far from major tourist attractions such as the vibrant Kokusai-dori (International Street) and the historical Shuri Castle, a UNESCO World Heritage site and former palace of the Ryukyu kings.
