Historic Investment Opportunity in Osaka's Higashisumiyoshi Ward
This property is a detached house for sale located in Osaka's Higashisumiyoshi Ward, specifically in the Kuwazu 5-chome area. The building was constructed in January 1933, making it a piece of Osaka's architectural history. The property features a 3DK layout with a total floor area of 71.19 sqm (approximately 21.53 tsubo) spread over two stories. The land area is 63.4 sqm (approximately 19.17 tsubo) with a building-to-land ratio of 80% and a floor area ratio of 300%. The structure is wooden. The property is currently vacant, and the handover timing is negotiable.
Critical agent notes provide essential details. The land rights are an old law leasehold (旧法賃借権) established around 1933. The monthly ground rent is 20,731 yen, and the lease period is 20 years. The property is situated in an urbanization promotion area (市街化区域) within a Category I Exclusive Residential District (第一種住居地域). Access is from a public road on the west side, 8 meters wide. The property is suitable as an income-generating investment property. The transaction method is exclusive agency (専任媒介). The floor plan prioritizes the current condition.
The area of Higashisumiyoshi offers a blend of residential calm and urban convenience. An interesting local fact is that the ward is home to the Tsurumi Ryokuchi Park, a vast green space that hosted the International Garden and Greenery Exposition in 1990. For a major tourist attraction, residents are within a reasonable distance from the iconic Osaka Castle, a magnificent historic fortress surrounded by parklands, which is a must-visit landmark showcasing Japan's samurai era.
