For SaleCondominiumLeasehold land

Park Court Jingumae The Air

Jingumae 1-chome, Shibuya-ku, Tokyo
Asking Price
¥46,800,000
Est. Net Yield: 4.69%
Park Court Jingumae The Air - 1/1
1 / 1

Executive Summary

This is a 5th-floor unit in Park Court Jingumae The Air, a 16-story reinforced concrete (RC) condominium built in January 2009, located in Jingumae 1-chome, Shibuya-ku, Tokyo. Transportation access includes a 6-minute walk from Harajuku Station on the Yamanote Line, a 7-minute walk from Meiji-jingumae Station on the Tokyo Metro Chiyoda Line, and a 15-minute walk from Omotesando Station on the same line. The floor area is 38.8 sqm with a 1LDK layout, equipped with an auto-lock system, monitor intercom, 24-hour security, elevator, and system kitchen. The land rights are fixed-term leasehold, and the zoning is Category II Medium-and-High-Rise Residential Zone. The property is currently tenanted, and immediate delivery is available. Surrounding facilities include a convenience store (218 m, 3-minute walk) and commercial facilities (263 m, 4-minute walk). The building was designed and constructed by Takenaka Corporation, comprises 385 total units, and has fully outsourced management (day shift).

Property Details

Building Area
38.8 ㎡
Layout
1LDK
1 bedroom + living, dining & kitchen
Structure
RC
Built Year
2009
Floors
Floor 5 of 16
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥2,400,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Immediately

Land & legal restrictions

Land rights
定期賃借権
Ground rent
¥55,620 per month
Zoning
Category 2 mid/high-rise residential zone

Costs besides the price

Other costs
その他費用: ¥4,710 per month

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
三井不動産レジデンシャルサービ
Owners' association
Yes

Utilities & nearby

Gas
City gas
To elementary school
about 577 m
To junior high school
about 345 m

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

Location & Map

Investment Analysis

Gross Yield5.13%
Est. Net Yield4.69%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
5.13%
Est. Net Yield
4.69%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥47,500,000+¥2,200,000¥2,900,0005.8%-0.6%
2yr¥48,210,000+¥4,390,000¥5,810,00011.6%2.6%
3yr¥48,940,000+¥6,590,000¥8,730,00017.5%3.7%
4yr¥49,670,000+¥8,790,000¥11,660,00023.3%4.2%
5yr¥50,420,000+¥10,980,000¥14,600,00029.2%4.5%
6yr¥51,170,000+¥13,180,000¥17,550,00035.1%4.7%
7yr¥51,940,000+¥15,380,000¥20,520,00041%4.9%
8yr¥52,720,000+¥17,570,000¥23,490,00047%5%
9yr¥53,510,000+¥19,770,000¥26,480,00052.9%5%
10yr¥54,310,000+¥21,960,000¥29,480,00058.9%5.1%

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.)
¥3,210,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,610,400
Real Estate Acquisition Tax (est., rate varies by property type)¥840,000
Registration License Tax (title transfer)¥420,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥330,000

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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