For SaleCondominiumLeasehold land

Minamiazabu Mansion

Minamiazabu 1-chome, Minato-ku, Tokyo
  • Corner unit
  • Roof balcony
Asking Price
¥54,800,000
Est. Net Yield: 4.64%
Minamiazabu Mansion - 1/2
1 / 2

Executive Summary

This condominium apartment, built in January 1969 with an SRC structure and 11 stories above ground, is located in Minamiazabu 1-chome, Minato-ku, Tokyo. Access is a 5-minute walk from Azabu-juban Station on the Tokyo Metro Namboku Line and a 5-minute walk from Azabu-juban Station on the Toei Oedo Line. The unit is a southeast-facing corner unit located on the 6th floor, with a floor area of 66.5 sqm, a balcony area of 10.64 sqm, and a 2LDK layout. It features a roof balcony, and common facilities include an elevator and an auto-lock system. The land right is a leasehold under the former law, with a lease term of 30 years and a monthly land rent of 7,100 yen. The zoning is designated as Commercial Zone and Quasi-Industrial Zone. The property is currently tenanted, and delivery is negotiable.

Property Details

Building Area
66.5 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
1969
Floors
Floor 6 of 11
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥3,000,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Land rights
Land lease right (former Act)
Ground rent
¥7,100 per month
Lease term
30 yr
Zoning
Commercial zone / Quasi-industrial zone

Costs besides the price

Other costs
管理協力金: ¥1,000 per month
Other costs
浄水費: ¥500 per month
Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Daytime
Total units
42 units

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

Location & Map

Investment Analysis

Gross Yield5.47%
Est. Net Yield4.64%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
5.47%
Est. Net Yield
4.64%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥55,620,000+¥2,540,000¥3,370,0005.7%-0.6%
2yr¥56,460,000+¥5,090,000¥6,740,00011.5%2.6%
3yr¥57,300,000+¥7,630,000¥10,140,00017.3%3.7%
4yr¥58,160,000+¥10,180,000¥13,540,00023.1%4.2%
5yr¥59,040,000+¥12,720,000¥16,950,00029%4.5%
6yr¥59,920,000+¥15,260,000¥20,380,00034.8%4.7%
7yr¥60,820,000+¥17,810,000¥23,830,00040.7%4.8%
8yr¥61,730,000+¥20,350,000¥27,280,00046.6%4.9%
9yr¥62,660,000+¥22,900,000¥30,750,00052.5%5%
10yr¥63,600,000+¥25,440,000¥34,240,00058.5%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.)
¥3,744,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,874,400
Real Estate Acquisition Tax (est., rate varies by property type)¥980,000
Registration License Tax (title transfer)¥490,000
Stamp Duty (purchase agreement)¥30,000
Judicial Scrivener & Other Fees (est.)¥370,000

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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