Shimada Family Corpo | Fully Occupied Apartment Building in Sano, Tochigi

Sale Price29,800,000 JPY

Yield11.28%

Projected Annual Income3,360,000 JPY

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Property Details

Property Overview

Transaction Type: Sale
Property Type: Apartment Building
Address: 207-7 Tomioka-cho, Sano City, Tochigi Prefecture
Prefecture: Tochigi Prefecture
City / Ward: Sano City
Town / Street Address: Tomioka-cho
Railway Line: JR Ryomo Line
Nearest Station: Sano Station
Walking Time: 17 min
Current Status: Fully occupied

Building Information

Built: 1983-01
Structure: Steel structure Above ground 2 floors
Total Floors: 2 floors
Layout: Details available on request.
Units / Rooms: Details available on request.
Use: Apartment building
Total Floor Area: 321.55 m²
Parking: On-site parking available
Equipment / Features: System kitchens, separate bathrooms and toilets, city gas, public sewer

Land & Planning

Land Area: 726.9 m²
Land Tenure: Freehold
Zoning: Details available on request.
Building Coverage Ratio: 60%
Floor Area Ratio: 200%
Road Access: Details available on request.

Investment Information

Stated Yield: 11.28%
Annual Income: 3,360,000 JPY

Features

11.28% stated gross yield
fully occupied
projected annual income of JPY 3.36 million at full occupancy
two-story steel-frame construction
six units
all 3DK layouts
approximately 220 tsubo of land
freehold
private-road share
rebuilding permitted
on-site parking
full utility infrastructure

Remarks

Includes a share of the private road. Land value stated as approximately JPY 19.62 million based on inheritance-tax road valuation. Property management company in place and changeable. Sold as-is with exemption from contractual non-conformity liability.

Property Description

Shimada Family Corpo is an income-producing apartment building in Tomioka-cho, Sano City, Tochigi Prefecture, offered at JPY 29.8 million. The stated gross yield is 11.28%, with projected annual income at full occupancy of JPY 3.36 million, and the property is currently fully occupied. It is a 17-minute walk from Sano Station on the JR Ryomo Line. Built in January 1983, the two-story steel-frame building contains six 3DK units. The site measures 726.90 sqm and the building 321.55 sqm, with on-site parking, city gas and public sewer.