Investment Opportunity: Co-op Omiya Apartment Building in Nagasaki
This property is a two-story reinforced concrete (RC) apartment building located on a corner lot in Nagasaki's Omiya-cho district. It presents a compelling investment opportunity with a current occupancy rate of four out of six units. The building offers a mix of 2LDK and 3DK layouts, catering to a range of tenants.
The property is well-equipped with modern facilities. These include city gas, a water supply and sewerage system, hot water supply, separate bath and toilet, a shower, an indoor washing machine space, storage areas, and a bicycle parking area. A key feature is its advantageous corner lot position with road frontage: a 4.3-meter wide public road to the north and a 4-meter wide public road to the west.
Critical financial details from the agent's notes are as follows: Currently, 4 of the 6 households are tenanted. The property includes a total of 7 parking spaces, with one parking space provided free of charge. The current yield is 8.2%, with a projected yield of 12.41% at full occupancy. The fixed asset tax for the Reiwa 7 fiscal year (2025) is 424,400 yen.
The area of Omiya-cho is conveniently located, with Nagasaki Bus's Omiya bus stop just a one-minute walk away, providing excellent local transport links. Nagasaki is a city rich with history and culture, famously being one of the few ports open to foreign trade during Japan's period of isolation. The closest major landmark is the iconic Glover Garden, a hillside open-air museum featuring historic Western-style homes from the Meiji era, offering stunning views over Nagasaki Harbor.
