For SaleCondominium

New Heim Itabashi

Honcho, Itabashi-ku, Tokyo
Asking Price
¥29,800,000
Est. Net Yield: 4.43%
New Heim Itabashi - 1/13
1 / 13

Executive Summary

This is a 3rd-floor unit in "New Heim Itabashi," a 13-story steel reinforced concrete (SRC) condominium built in April 1976, located in Honcho, Itabashi-ku, Tokyo. Transportation access includes a 1-minute walk from Itabashihoncho Station on the Toei Mita Line, a 14-minute walk from Itabashikuyakushomae Station on the same line, and a 14-minute walk from Motohasunuma Station on the same line. The unit features a floor area of 55.4㎡ and a balcony area of 4.86㎡ with a south-facing 2LDK layout, equipped with an elevator, auto-lock system, system kitchen, bathroom dryer, reheating function, walk-in closet, and other amenities. Renovations were completed in September 2021, including the replacement of plumbing fixtures and new flooring and wallpaper throughout. Land rights are ownership, and the zoning is Commercial Zone. The unit is currently tenanted, and delivery is subject to consultation. Nearby facilities include a kindergarten/nursery school (58m, 1-minute walk), a convenience store (98m, 2-minute walk), commercial facilities (105m, 2-minute walk), a bank (159m, 2-minute walk), restaurants (200m, 3-minute walk), and a park (223m, 3-minute walk).

Property Details

Building Area
55.4 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
1976
Floors
Floor 3 of 13
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥1,680,000
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

Site area (whole building)
558.0 ㎡
Land rights
Freehold
Zoning
Commercial zone

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
朝日管理
Owners' association
Yes
Total units
48 units

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Est. Gross Yield5.63%
Est. Net Yield4.43%

This property is currently leased, but the current rent is not available, so this figure is estimated from market rents. The actual current rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.63%
Est. Net Yield
4.43%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥30,250,000+¥1,320,000¥1,770,0005.5%-1%
2yr¥30,700,000+¥2,640,000¥3,540,00011.1%2.3%
3yr¥31,160,000+¥3,960,000¥5,320,00016.7%3.4%
4yr¥31,630,000+¥5,280,000¥7,110,00022.3%4%
5yr¥32,100,000+¥6,600,000¥8,910,00027.9%4.3%
6yr¥32,580,000+¥7,920,000¥10,710,00033.6%4.5%
7yr¥33,070,000+¥9,250,000¥12,520,00039.3%4.6%
8yr¥33,570,000+¥10,570,000¥14,340,00045%4.7%
9yr¥34,070,000+¥11,890,000¥16,160,00050.7%4.8%
10yr¥34,580,000+¥13,210,000¥17,990,00056.4%4.8%

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.)
¥2,079,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,049,400
Real Estate Acquisition Tax (est., rate varies by property type)¥530,000
Registration License Tax (title transfer)¥260,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥230,000

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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