For SaleCondominium

Park House Hiroo

Higashi 3-chome, Shibuya-ku, Tokyo
  • Corner unit
  • Pets negotiable
Asking Price
¥279,000,000
Est. Net Yield: 1.91%
Park House Hiroo - 1/15
1 / 15

Executive Summary

This is a 3rd-floor unit in Park House Hiroo, a 10-story steel reinforced concrete (SRC) condominium located in Higashi 3-chome, Shibuya-ku, Tokyo. Built in February 2003 and constructed by Taisei Corporation, the building contains a total of 41 units. Transportation access includes a 9-minute walk from Ebisu Station on the Yamanote Line, a 15-minute walk from Hiroo Station on the Tokyo Metro Hibiya Line, and a 15-minute walk from Daikan-yama Station on the Tokyu Toyoko Line. The unit is a southwest-facing corner unit with 2-sided natural lighting, featuring a 2LDK layout with a floor area of 95㎡ and a balcony area of 16.96㎡. It is equipped with floor heating in the living and dining room, a bathroom dryer, a reheating function, an auto-lock system, delivery lockers, a trunk room, and other facilities. The land right is ownership, and the zoning is Category II Medium-and-High-Rise Residential Zone and Category II Residential Zone. The property is currently vacant and available for immediate handover. Nearby facilities include a convenience store (104m, a 2-minute walk) and a commercial facility (235m, a 3-minute walk). This condominium was previously developed by Mitsubishi Estate Co., Ltd. and features an indoor corridor design.

Property Details

Building Area
95.0 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
2003
Floors
Floor 3 of 10
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥5,970,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Site area (whole building)
952.6 ㎡
Land rights
Freehold
Zoning
Category 2 mid/high-rise residential zone / Category 2 residential zone

Costs besides the price

Other costs
ホームセキュリティ料: ¥1,785 per month

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
三菱地所コミュニティ(株)
Total units
41 units

Utilities & nearby

Gas
City gas
To elementary school
about 167 m

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

Location & Map

Investment Analysis

Est. Gross Yield2.14%
Est. Net Yield1.91%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
2.14%
Est. Net Yield
1.91%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥283,180,000+¥5,340,000¥9,520,0003.2%-3%
2yr¥287,430,000+¥10,670,000¥19,100,0006.4%0.1%
3yr¥291,740,000+¥16,010,000¥28,750,0009.7%1.1%
4yr¥296,120,000+¥21,340,000¥38,460,00012.9%1.7%
5yr¥300,560,000+¥26,680,000¥48,240,00016.2%2%
6yr¥305,070,000+¥32,010,000¥58,080,00019.5%2.2%
7yr¥309,650,000+¥37,350,000¥67,990,00022.8%2.3%
8yr¥314,290,000+¥42,680,000¥77,970,00026.2%2.4%
9yr¥319,010,000+¥48,020,000¥88,020,00029.6%2.5%
10yr¥323,790,000+¥53,350,000¥98,140,00033%2.6%

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.)
¥18,593,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥9,273,000
Real Estate Acquisition Tax (est., rate varies by property type)¥5,020,000
Registration License Tax (title transfer)¥2,510,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥1,730,000

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

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Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
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