Commercial Property with Tenant in Ginowan, Okinawa
This commercial property, located at 1-chome Oyama, Ginowan City, Okinawa Prefecture, offers a strategic position along Route 58 with frontage on a pipeline, ensuring excellent access and utility connections. The site spans a land area of 247.29 square meters (approximately 74.8 tsubo) and features a reinforced concrete block (RCB) structure originally built in December 1962. The total registered building area is 297.2 square meters, though this figure is noted as incomplete.
Critical agent notes provide essential details for potential buyers. The property is currently occupied by a tenant, but an eviction application is possible. There is no planned move-out date from the tenant; however, the buyer can apply for a compulsory eviction order at their own expense. Legal counsel has confirmed that if a rent increase request is made due to inflation and the tenant refuses, an application can be filed with the court to obtain an eviction order. The current tenant has refused a request for a rent increase. Additionally, the second floor of the building is unregistered, making the exact total building area unknown.
The property is being sold as-is, with the seller offering a significant price reduction of 2 million yen for buyers who can complete the settlement within the current year, bringing the asking price to 50 million yen. Its location in a non-lineage urban planning area with a high building coverage ratio of 80% and floor area ratio of 300% allows for flexible redevelopment. The property can be demolished and repurposed for the buyer's preferred use after acquisition.
The area of Ginowan is a central hub in Okinawa, home to the Okinawa Convention Center and known for its mix of residential and commercial zones. A major nearby landmark is the Okinawa Prefectural Sports Park, a vast complex that hosted events for the 1987 National Sports Festival and includes athletic fields, a gymnasium, and the "Ginowan Seaside Park" offering beautiful ocean views.
