Prime Store & Apartment Complex Investment in Urawa Ward, Saitama

Address: 2-chōme-4-3 Kitaurawa, Urawa Ward, Saitama, 330-0074 Japan

Property Type: Store & Apartment Complex

Price: ¥598,000,000

Yield:

• Gross Yield: 5.24%

Property Details:

• Total Floor Area: 1,281.15㎡
• Land Area: 964.73㎡
• Structure: 5-story steel reinforced concrete
• Year Built: March 1988
• Units: 1 store, 10 parking spaces, 15 residential units

Location & Accessibility:

• Proximity to Station: 10-minute walk to Kita-Urawa Station (Keihin-Tohoku line)

Description: Seize the opportunity to invest in a prime store and apartment complex located in the thriving Urawa Ward of Saitama. This 5-story building, constructed with steel reinforced concrete, offers a combination of commercial and residential spaces, making it an ideal investment for diversified income streams in Japanese real estate.

The property comprises one store, ten parking spaces, and fifteen residential units, spread across a total floor area of 1,281.15㎡ and situated on a land area of 964.73㎡. Built in March 1988, the building has been well-maintained and is strategically located just a 10-minute walk from Kita-Urawa Station on the Keihin-Tohoku line. This location provides excellent connectivity to Tokyo, enhancing the appeal for both residents and investors looking at properties for sale in Saitama.

Financial Projections and ROI Calculations:

Gross Yield:

• Annual Rent Income: Gross yield is 5.24%, so annual rent income is calculated as:
  • Annual Rent Income = Property Price * Gross Yield
  • Annual Rent Income = ¥598,000,000 * 0.0524 = ¥31,375,200

Operating Expenses Estimate:

• Assume operating expenses are approximately 20% of gross rental income.
• Annual Operating Expenses: ¥31,375,200 * 0.20 = ¥6,275,040

Net Operating Income (NOI):

• NOI: ¥31,375,200 - ¥6,275,040 = ¥25,100,160

ROI Calculation:

• ROI: (NOI / Property Price) * 100 = (¥25,100,160 / ¥598,000,000) * 100 = 4.20%

Brief Market Report for Urawa Ward, Saitama:

Market Overview: Urawa Ward, located in Saitama, is a highly desirable residential area known for its excellent quality of life and proximity to Tokyo. The area offers a balanced mix of residential, commercial, and recreational facilities, making it attractive to both residents and investors in the Japanese real estate market.

Transport Links:

• Kita-Urawa Station on the Keihin-Tohoku line provides direct access to Tokyo, making it a popular choice for commuters.
• The efficient transportation network enhances the area's appeal and ensures high demand for rental properties, especially for those looking at Tokyo commuter properties.

Economic Factors:

• Saitama's economy is robust, supported by various industries including manufacturing, services, and retail.
• The real estate market in Urawa Ward has shown steady growth, with property values appreciating over the years, making it a prime location for real estate investment in Japan.

Rental Market:

• The rental market in Urawa Ward is strong, with high occupancy rates and stable rental prices.
• Properties close to transport hubs like Kita-Urawa Station are particularly in demand, minimizing vacancy risks.

Investment Potential:

• Investing in Urawa Ward offers significant potential for both capital appreciation and rental income.
• The ongoing development and infrastructural improvements in the area further enhance its attractiveness to investors looking for high yield properties in Japan.

Conclusion:

This store and apartment complex in Urawa Ward, Saitama, represents an excellent investment opportunity. With a solid gross yield, strong ROI potential, and a prime location near Kita-Urawa Station, it is well-positioned to provide substantial returns. Contact us today for more information and to arrange a viewing.

Attached floor-plan is for one of the units, the whole building is for sale. Please be aware that this property may have already been sold by the time you view it.

Last updated May 24, 2024, 12:01 UTC at 1 USD = 157.036 JPY