Japan Real Estate
No Longer ListedCondominium

Palais Stage Ojima

Ojima 2-chome, Koto-ku, Tokyo
Asking Price
¥35,800,000
Est. Net Yield: 3.1%

No Longer Listed

This property is no longer listed and is not currently available. The details remain here for reference.

Palais Stage Ojima - 1/13
1 / 13

Executive Summary

Palais Stage Ojima is a 15-story reinforced concrete condominium built in February 2019, located in Ojima 2-chome, Koto-ku, Tokyo. The property is situated a 2-minute walk from Nishi-ojima Station on the Toei Shinjuku Line, a 10-minute walk from Sumiyoshi Station on the Tokyo Metro Hanzomon Line, and a 14-minute walk from Kameido Station on the Sobu-Chuo Local Line. The subject unit is a north-facing corner unit located on the 2nd floor, featuring a 1K layout with a floor area of 32.1 sqm and a balcony area of 4.32 sqm. Equipment and features include a system kitchen, IH cooking heater, auto bath with reheating function, bathroom dryer, bidet toilet seat, air conditioner, monitor-equipped auto-lock, security cameras, delivery box, and elevator. Land rights are ownership, and the zoning comprises Commercial Zone and Quasi-Industrial Zone. The property is currently tenanted, and handover is available immediately. Surrounding amenities include a convenience store 92m away (a 2-minute walk) and a commercial facility 323m away (a 5-minute walk).

Property Details

Building Area
32.1 ㎡
Layout
1K
Studio with separate kitchen
Structure
RC
Built Year
2019
Floors
Floor 2 of 15
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,380,000
Transport
  • Nishi-ojima Station
    Toei Shinjuku Line
    Walk 2 min
  • Sumiyoshi Station
    Tokyo Metro Hanzomon Line
    Walk 10 min
  • Kameido Station
    JR Chuo-Sobu Line (Local)
    Walk 14 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Immediately

Land & legal restrictions

Land rights
Freehold
Zoning
Commercial zone / Quasi-industrial zone

Costs besides the price

Other costs
町会費: ¥200 per month
Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
日神管財
Owners' association
Yes
Total units
100 units

Utilities & nearby

Gas
City gas

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Gross Yield3.85%
Est. Net Yield3.1%

Based on the rent under the current lease.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
3.85%
Est. Net Yield
3.10%
If sold after 10 years (before tax)
Annual return (IRR)
2.2%
Net gain
+¥8,120,000
Gain on total investment +21.2%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥35,800,000+¥1,190,000¥-2,560,000-6.7%-6.7%
2yr¥35,800,000+¥2,370,000¥-1,370,000-3.6%-1.8%
3yr¥35,800,000+¥3,560,000¥-180,000-0.5%-0.2%
4yr¥35,800,000+¥4,750,000+¥1,000,000+2.6%0.7%
5yr¥35,800,000+¥5,930,000+¥2,190,000+5.7%1.2%
6yr¥35,800,000+¥7,120,000+¥3,380,000+8.8%1.5%
7yr¥35,800,000+¥8,310,000+¥4,560,000+11.9%1.8%
8yr¥35,800,000+¥9,490,000+¥5,750,000+15.0%2.0%
9yr¥35,800,000+¥10,680,000+¥6,940,000+18.1%2.1%
10yr¥35,800,000+¥11,870,000+¥8,120,000+21.2%2.2%

Assumptions

  • Total investment ¥38,287,400 (price ¥35,800,000 + purchase costs ¥2,487,400)
  • Management fee and repair reserve: ¥117,360 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥2,487,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,247,400
Real Estate Acquisition Tax (est., rate varies by property type)¥640,000
Registration License Tax (title transfer)¥320,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥270,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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