For SaleCondominium

Phoenix Shibakoen

Shiba 3-chome, Minato-ku, Tokyo
  • Office use allowed
  • Corner unit
Asking Price
¥49,800,000
Est. Net Yield: 2.92%
Phoenix Shibakoen - 1/2
1 / 2

Executive Summary

This is Phoenix Shibakoen, a reinforced concrete (RC) 6-story condominium built in June 1997, located in Shiba 3-chome, Minato-ku, Tokyo. It is located a 2-minute walk from Shibakoen Station on the Toei Mita Line, a 7-minute walk from Akabanebashi Station on the Toei Oedo Line, and a 7-minute walk from Mita Station on the Toei Mita Line. The unit is a southwest-facing corner unit on the 5th floor, with a floor area of 26.7 m², a balcony area of 2.81 m², and a 1DK layout. It is equipped with an auto-lock system, an elevator, a delivery box, an air conditioner, and a bathroom dryer, with renovation completed in August 2026. Additionally, use as an office is permitted. Land rights are ownership, and the zoning is Neighborhood Commercial Zone. The property is currently vacant, and handover is available immediately.

Property Details

Building Area
26.7 ㎡
Layout
1DK
1 bedroom + dining kitchen
Structure
RC
Built Year
1997
Floors
Floor 5 of 6
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,720,000
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

Land rights
Freehold
Zoning
Neighborhood commercial zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Visiting
Total units
27 units

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

Location & Map

Investment Analysis

Est. Gross Yield3.45%
Est. Net Yield2.92%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
3.45%
Est. Net Yield
2.92%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥50,550,000+¥1,450,000¥2,200,0004.1%-2.3%
2yr¥51,310,000+¥2,910,000¥4,410,0008.3%1%
3yr¥52,070,000+¥4,360,000¥6,640,00012.5%2%
4yr¥52,860,000+¥5,820,000¥8,870,00016.7%2.6%
5yr¥53,650,000+¥7,270,000¥11,120,00020.9%2.9%
6yr¥54,450,000+¥8,720,000¥13,380,00025.1%3.1%
7yr¥55,270,000+¥10,180,000¥15,650,00029.4%3.2%
8yr¥56,100,000+¥11,630,000¥17,930,00033.7%3.3%
9yr¥56,940,000+¥13,090,000¥20,230,00038%3.4%
10yr¥57,790,000+¥14,540,000¥22,540,00042.4%3.5%

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.)
¥3,399,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,709,400
Real Estate Acquisition Tax (est., rate varies by property type)¥890,000
Registration License Tax (title transfer)¥440,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥350,000

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

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Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

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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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