Commercial Investment Building in Kiryu, Gunma
This commercial investment property is a six-story reinforced concrete building named Orihime Biru (Orion Building), constructed in April 1999. The building has a total floor area of 1,036.90 sqm (approximately 313.66 tsubo) situated on a 566.56 sqm (approximately 171.38 tsubo) corner lot. The property is currently configured with 11 units, one of which is a residential unit, with the remainder being commercial spaces. It is currently partially tenanted.
Key financial details from the agent's notes are critical for investors. At full occupancy, the projected annual rental income is 15.38 million yen (including common area fees), yielding a return of 10.26%. Under the current occupancy, the annual rental income is 11.54 million yen, yielding a 7.70% return. The building is equipped with city gas and an elevator.
The location offers strong transportation access, being approximately 150 meters from the south exit of Kiryu Station, providing a 3-minute walk to both the Ryomo Line and the Watarase Keikoku Railway. The property includes parking for 14 vehicles. The agent notes that if the 14 on-site parking spaces are insufficient, there are monthly rental parking facilities nearby for consideration.
The property is situated in a commercial zone within an urban planning area, with a building-to-land ratio of 80% and a floor area ratio of 400%. The land is flat and the property rights are ownership (freehold). The transaction is handled as a general intermediary.
