English
Room 106 at Kabukicho Diamond Palace is a tenanted commercial unit located in Kabukicho 2-chome, Shinjuku-ku, Tokyo. It is approximately a 4-minute walk from Shinjuku-sanchome Station on the Fukutoshin Line and a 5-minute walk from Higashi-shinjuku Station on the Toei Oedo Line. The sales material indicates access to four railway lines. The unit has an exclusive floor area of 32.77 sqm, approximately 9.91 tsubo, and is located on the first floor of a steel-reinforced concrete building completed in July 1981. The premises are currently leased as a bar, generating monthly rental income of JPY 400,000 and annual income of JPY 4,800,000. The asking price is JPY 78.5 million, with a stated gross yield of approximately 6.11% and net yield of approximately 5.51%. The existing lease is to be succeeded by the purchaser.
