Commercial Building for Sale in Makinosato, Nagoya

This commercial property is a two-story steel-framed building located in Makinosato 1-chome, Meito Ward, Nagoya City, Aichi Prefecture. The building has a total floor area of 644.56 square meters (approximately 194.97 tsubo) situated on a land plot of 731 square meters (approximately 221.12 tsubo). It was built in October 1993. The property is currently tenanted, and the lease agreement is to be transferred to the new owner.

The current annual rental income is 4,923,600 yen, which, based on the asking price of 172 million yen, translates to a current yield of 2.8%. It is important to note the agent's remarks regarding these figures: The yield is the ratio of the annual rental income (including common area fees, etc.) to the sales price, calculated before deducting taxes, public charges, and other expenses necessary to maintain the property. Furthermore, the assumed rent and assumed yield are calculated based on market rent rates, adding rent for any vacant spaces to assume full occupancy. The rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 19, 2026).

The property is zoned for Neighborhood Commercial use within an Urbanization Promotion Area, with a building coverage ratio of 80% and a floor area ratio of 300%. The front road to the northeast is approximately 16.1 meters wide. The location offers excellent convenience, with a supermarket (Seiyu Takahariba Store) and a park (Maeda Park) both within a 2-minute walk. A clinic, convenience store, pharmacy, and post office are also within a 4-minute walk. Access to public transport is via a 2-minute walk to the Takahariba bus stop, which is approximately 20 minutes by bus from Hoshigaoka Station on the Nagoya Municipal Subway Higashiyama Line.