Investment Opportunity: Modern Apartment Building with Hotel Operation in Ota, Tokyo
This property, named Numero Uno Tokyo, is a modern four-story apartment building constructed in February 2018. Located on a corner lot in Nishikojiya 3-chome, Ota Ward, Tokyo, the building offers a total floor area of 278.56 sqm (approximately 84.26 tsubo) across 11 units. The land area is 100.87 sqm (approximately 30.51 tsubo). The property is currently fully tenanted and presents a significant investment opportunity with an estimated annual rental yield of 6.57%.
Critical agent notes have been translated and provide essential details. The building's equipment and facilities include city gas, hot water supply, an auto-lock security system, and security cameras. Special notes on road frontage detail that it is a corner lot, with a 5.5m wide public road to the north (frontage of 11.9m) and a 7.6m wide public road to the east (frontage of 8.4m).
Further remarks are crucial for investors. The building does not have an elevator. The estimated annual rental income is ¥19,074,583, which is the sum of the projected annual rental income from current rents (including common service fees) and the hotel's previous year's sales performance. It is important to note that this rental income is not guaranteed for the future, and hotel sales may fluctuate with market conditions. The estimated yield is the ratio of the estimated annual rental income to the sale price, calculated before deducting taxes, public charges, and other necessary maintenance costs. The property comes with an inn business license and a permit for unmanned hotel operation. It utilizes a Remote Lock and Air Host system for unmanned check-in and check-out. Hotel operations management, including remote reservations, payment collection, and cleaning, is handled by Lkidane Co. Entry and exit are managed via security surveillance cameras.
The area of Nishikojiya in Ota Ward is a vibrant residential and commercial district with excellent access to central Tokyo via the Keikyu Airport Line. An interesting local fact is that Ota Ward is home to Haneda Airport, Japan's primary international gateway, making it a hub of global connectivity. The closest major landmark is the iconic Tokyo Tower, a symbol of the city's post-war rebirth and a major tourist attraction offering panoramic views, located within a reasonable commute from the property.
