For SaleCondominium

Nisshin Palstage Oimachi

Oi 1-chome, Shinagawa-ku, Tokyo
  • Corner unit
Asking Price
¥26,800,000
Est. Net Yield: 3.74%
Nisshin Palstage Oimachi - 1/2
1 / 2

Executive Summary

This is an 8-story SRC (steel-reinforced concrete) condominium built in June 1997, located in Oi 1-chome, Shinagawa-ku, Tokyo. Transportation access is a 5-minute walk each to Oimachi Station on the Keihin-Tohoku/Negishi Line, the Tokyo Waterfront Area Rapid Transit (Rinkai Line), and the Tokyu Oimachi Line. The subject unit is a northeast-facing corner unit situated on the 1st floor, featuring a floor area of 20.8 sqm, a balcony area of 2.7 sqm, and a 1K layout. It is equipped with an auto-lock system, an elevator, air conditioning, and a warm-water bidet toilet, with a new renovation completed in September 2026. Land rights are freehold, and the zoning is Commercial Zone. The current status is vacant, and handover is immediate.

Property Details

Building Area
20.8 ㎡
Layout
1K
Studio with separate kitchen
Structure
SRC
Built Year
1997
Floors
Floor 1 of 8
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,230,000
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
Commercial zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Daytime
Total units
38 units

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

Location & Map

Investment Analysis

Est. Gross Yield4.59%
Est. Net Yield3.74%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
4.59%
Est. Net Yield
3.74%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥27,200,000+¥1,000,000¥1,410,0004.9%-1.7%
2yr¥27,610,000+¥2,010,000¥2,820,0009.8%1.6%
3yr¥28,020,000+¥3,010,000¥4,230,00014.8%2.7%
4yr¥28,440,000+¥4,010,000¥5,660,00019.7%3.3%
5yr¥28,870,000+¥5,020,000¥7,090,00024.7%3.6%
6yr¥29,300,000+¥6,020,000¥8,520,00029.7%3.8%
7yr¥29,740,000+¥7,020,000¥9,970,00034.7%4%
8yr¥30,190,000+¥8,030,000¥11,420,00039.8%4.1%
9yr¥30,640,000+¥9,030,000¥12,870,00044.9%4.1%
10yr¥31,100,000+¥10,030,000¥14,330,00050%4.2%

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.)
¥1,890,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥950,400
Real Estate Acquisition Tax (est., rate varies by property type)¥480,000
Registration License Tax (title transfer)¥240,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥210,000

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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