This page features selected properties in central Tokyo we view as definite buys for investors looking for positive yields. We believe that all buyers of real estate should look at the purchase of real estate, in any market but especially in one as expensive as Tokyo, through the eyes of an investor by comparing rent prices in the area of comparable properties (to find the average price per square meter and then multiplying that figure by the actual floor space) and also to determine the value of land (per tsubo [3.305875 m2] and per m2 because the inherent value of any property in Tokyo is in the land.
This condo not far from Shibuya Station looks very positive in terms of rentability and providing a good return. It is an older, nicely renovated 1LDK (1 bedroom, kitchen, dining & living room) flat with a nice roof balcony (19.46 m2). Downside it has no elevator but is the perfect bachelor pad for Japanese or single expats without a large housing allowance, and the balcony is big enough for BBQ parties and having brunch outside when the weather is nice.
Details:
Sanko Heim #401
Address: 14-4 Maruyama-cho, Shibuya-ku, Tokyo link to map
Price: ¥34.8 million (reduced from ¥39.8; probably be negotiated down to around ¥32 million)
Floor space: 52.5 m2 / roof balcony: 19.46 m2
Build completed in June 1979 (4F reinforced concrete structure)
Management fee: ¥10,500
Repair reserve fee: ¥12,350
Access: 9-minute walk to Shibuya (JR & various subway lines) / 2-minute walk to Shinsen (Keio Inokashira Line)
Why this is considered a buy:
The next condo is situated in Minami Aoyama 4-chome and almost equidistant between Ebisu, Shibuya and Roppongi. The access as far as train stations is not great, the closest station is Omotesando (11-minute walk) but the bus stop for buses going towards Roppongi Hills is only a few minutes away. Is also looks very positive in terms of rentability and providing a good return. It is a 3LDK (3 bedrooms, kitchen, dining & living room) flat with a very nice roof balcony with a wood deck covering (38.85 m2).
Details:
GS Heim Minami Aoyama #504
Address: 7-5-14 Minami Aoyama, Minato-ku, Tokyo link to map
Price: ¥87.8 million (price can probably be negotiated down to around ¥85 million)
Floor space: 89.91 m2 / roof balcony: 38.85 m2
Build completed in May 1978 (5-story reinforced concrete structure)
Management fee: ¥30,300
Repair reserve fee: ¥22,725
Access: 11-minute walk to Omotesando (various subway lines) / Buses to Roppongi and Shibuya
Why this is considered a buy:
The next condo, Toa Takanawa Garden is situated near the Shinagawa Prince Hotel alongside a small, quiet street in Takanawa 3-chome. The nearest train stations are Takanawadai (Asakusa Line /subway) which is 4 minutes away and Shinagawa Station which is 9 minutes away. Is also looks very positive in terms of rentability and providing a good return. It is a 1LDK (1 bedroom, kitchen, dining & living room) flat which has been completely renovated and is huge for this price at almost 46 m2. It is an older building but looks great inside and out.
SOLD!!!
Details:
Toa Takanawa Garden #206
Address: 3-14-26 Takanawa, Minato-ku, Tokyo link to map
Price: ¥29.9 million (price can probably be negotiated down to around ¥28.5 million)
Floor space: 45.99 m2
Build completed in March 1978 (10-story steel reinforced concrete structure)
Management fee: ¥15,540
Repair reserve fee: ¥10,900
Access: 4-minute walk to Takanawadai Station (Asakusa Line) / 9-minute walk to Shinagawa Station (various JR lines and Keihin Kyuko)
Why this is considered a buy:
If you have queries with this Japan property or any other real estate matter, please do not hesitate to contact me as follows:
