Shonan Property: Wooded Land in Chigasaki for Investment
This offering is a modestly sized plot of land located in Chigasaki City, Kanagawa Prefecture, within the Shonan area. The land is categorized as woodland and was previously owned by a corporation for business purposes. As the owner no longer requires the site, it is currently being leased out as a storage yard for materials, providing immediate rental income to a new owner through an owner-change arrangement.
The investment proposition presents a yield of 11% based on the asking price. It is important to note that the property is under a current lease, meaning the purchaser cannot take immediate vacant possession for personal use. However, the strategy allows for collecting rental income in the interim, with the possibility of using the land personally once the tenant vacates. Potential uses for the land include a parking lot or a materials storage area.
Due to its designation within a urbanization control area, construction of buildings is not permitted on this site. The remaining items on the property include two large storage sheds of a size typically found at home improvement centers, a portable toilet, two rainwater tanks, and a wooden fence. A Coca-Cola vending machine has already been removed. Regarding utilities, the property has an active electrical connection but no city water, sewage, or gas services.
The plot size is 130 square meters, making it an accessible purchase for individuals. The asking price is 5,940,000 JPY. The current monthly rent is 50,000 JPY, with a management fee of 4,500 JPY, totaling 54,500 JPY per month, which equates to 654,000 JPY annually. The next lease renewal is scheduled for February 2027. The transaction will be conducted on an as-is basis and as a boundary survey sale.
