For SaleCondominium

Dai 18 Miyaniwa Mansion

Maruyamacho, Shibuya-ku, Tokyo
  • Office use allowed
Asking Price
¥54,800,000
Est. Net Yield: 4%
Dai 18 Miyaniwa Mansion - 1/7
1 / 7

Executive Summary

Dai 18 Miyaniwa Mansion, located in Maruyamacho, Shibuya-ku, Tokyo, is a 12-story steel reinforced concrete (SRC) condominium built in April 1973. It is situated a 3-minute walk from Shinsen Station on the Keio Inokashira Line, an 8-minute walk from Shibuya Station on the Tokyo Metro Fukutoshin Line, and a 10-minute walk from Shibuya Station on the Yamanote Line. The unit is located on the 6th floor, featuring a 1LDK layout with a floor area of 43.8㎡, and office use is permitted. Equipment includes an elevator, air conditioning, an indoor washing machine space, and 24-hour trash disposal. In April 2021, renovation was completed for the plumbing and water-related areas (kitchen, toilet, and washroom) along with wallpaper replacement in all rooms. Land rights are ownership, and the property is situated in a commercial zone. The management structure is fully outsourced (day shift). The property is currently vacant, with handover scheduled for late October 2026. A 24-hour supermarket is located within a 1-minute walk.

Property Details

Building Area
43.8 ㎡
Layout
1LDK
1 bedroom + living, dining & kitchen
Structure
SRC
Built Year
1973
Floors
Floor 6 of 12
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥2,390,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Planned: October 2026 late

Land & legal restrictions

Land rights
Freehold
Zoning
Commercial zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
株式会社クレアスコミュニティ

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

Location & Map

Investment Analysis

Est. Gross Yield4.36%
Est. Net Yield4%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
4.36%
Est. Net Yield
4.00%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥55,620,000+¥2,190,000¥3,010,0005.1%-1.2%
2yr¥56,460,000+¥4,380,000¥6,040,00010.3%2%
3yr¥57,300,000+¥6,570,000¥9,080,00015.5%3.1%
4yr¥58,160,000+¥8,760,000¥12,130,00020.7%3.6%
5yr¥59,040,000+¥10,960,000¥15,190,00025.9%3.9%
6yr¥59,920,000+¥13,150,000¥18,270,00031.2%4.1%
7yr¥60,820,000+¥15,340,000¥21,360,00036.5%4.2%
8yr¥61,730,000+¥17,530,000¥24,460,00041.8%4.3%
9yr¥62,660,000+¥19,720,000¥27,580,00047.1%4.4%
10yr¥63,600,000+¥21,910,000¥30,710,00052.5%4.4%

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

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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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