23-Unit Apartment Building in Otaru

A five storey 23-unit apartment in the popular Inaho area of Otaru is for sale. Located 450 meters from Otaru JR Station. Super Central Location. Convenient access to shopping and restaurants. 23 one-bedroom units. Only one unit is vacant. Currently earning 15,830,000 yen per year. Return on investment of approximately 6.54%.  Century21 Japan can manage this property. Great Investment Opportunity. ​
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Price        242,000,000 Yen
Building      982.56m²   (297.23 tsubo)
Land       255.84m²   (77.39 tsubo)
​Location    Hokkaido, Otaru, Inaho 1-12
Layout     Five Storey 23-Unit Apartment Building
Access   450m from Otaru JR Station
Year Built     2013
​Parking      Approx. 2 cars.
Building Type   Five story building. 23 units. Reinforced steel and concrete.
Building Faces     North towards the Bay of Otaru.
Road Width   18.0m wide Public road on North side.
City Planning Status        City Planning Area
Land Category      Residential
Land Rights        100% Freehold
Zoning        Commercial
Building Coverage Ratio      80% 
Floor Area Ratio        400%
Handover      Available Now
Transaction Type        Exclusively through a real estate agent
Brokerage Fee         8,052,000 Yen
Facilities & Features        Main street. High foot traffic exposure location. Close to restaurants and shopping. Only one unit vacant. Sunny exposure. Popular location. Well maintained. 
Nearby Facilities     450m from Otaru JR Station. 850m from Otaru Canal Tourist Mecca.

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Century 21 Niseko HouseBank
21 Global Place 1F
Ironai 1-10-11
Otaru, Hokkaido, Japan 047-0031
The Gold Standard
Contact: Stephen Underwood        
Cell: 090-5229-1875
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WhatsApp +81-90-5229-1875
email: [email protected]
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