Military Land Investment Opportunity in Uruma, Okinawa

This property listing presents a unique investment opportunity: a 25-square-meter plot of military land located in the Amagan district of Uruma City, Okinawa Prefecture. The land is part of the "Camp Courtney" area and is offered for sale at a price of 1,481,000 yen. The key feature of this investment is its status as leased land to the government, providing a stable annual ground rent of 31,522 yen, which translates to a surface yield of 2.12%. The land is designated as residential prospective land and is situated within a fenced area.

Critical agent notes provide essential details for investors. The surface yield is confirmed at 2.12%. The inheritance tax assessment multiplier for the 2025 fiscal year is 3.3, with the inheritance tax assessment amount calculated as the fixed asset tax valuation multiplied by the assessment multiplier and then by 60% (a 40% reduction). The scheduled return date of the land is undetermined. The ground rent per square meter is 1,260.90 yen. Crucially, the annual lease fee is paid by the national government with no history of arrears. The listing includes a survey on reasons for purchasing military land, which reveals investor motivations: planning for future inheritance taxes and providing for family; stable income as the tenant (the state) does not default; the ground rent increases annually in a snowballing compound effect; desire for a hands-off investment for easy asset building; perception of it as an easy entry into real estate investment with low risk and low return; and better returns than bank interest rates for asset replacement.