For SaleCondominium

Dear City Akasaka Higashikan

Akasaka 2-chome, Minato-ku, Tokyo
Asking Price
¥31,500,000
Est. Net Yield: 3.76%
Dear City Akasaka Higashikan - 1/9
1 / 9

Executive Summary

Dear City Akasaka Higashikan is a 7-story reinforced concrete condominium built in September 1983, located in Akasaka 2-chome, Minato-ku, Tokyo. For transportation, it provides access within a 2-minute walk to Tameike-sanno Station on the Tokyo Metro Ginza and Namboku Lines, and a 6-minute walk to Akasaka Station on the Tokyo Metro Chiyoda Line. The subject unit is a southeast-facing 1R situated on the 4th floor, featuring a floor area of 23.3 m² and a balcony area of 1.89 m². The building has an elevator, and the unit is equipped with an air conditioner, an IH cooking heater, and hot water supply, under fully outsourced roving management. Land rights are ownership, and the zoning is Commercial Zone. The property is currently tenanted, and handover is negotiable.

Property Details

Building Area
23.3 ㎡
Layout
1R
Studio
Structure
RC
Built Year
1983
Floors
Floor 4 of 7
Earthquake Std.
To be confirmed
Est. Annual Rent
¥1,460,000
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
Freehold
Zoning
Commercial zone

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
株式会社東急コミュニティー

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

Location & Map

Investment Analysis

Est. Gross Yield4.63%
Est. Net Yield3.76%

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
4.63%
Est. Net Yield
3.76%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥31,970,000+¥1,180,000¥1,660,0004.9%-1.6%
2yr¥32,450,000+¥2,370,000¥3,320,0009.9%1.7%
3yr¥32,940,000+¥3,550,000¥4,990,00014.8%2.8%
4yr¥33,430,000+¥4,740,000¥6,670,00019.8%3.3%
5yr¥33,930,000+¥5,920,000¥8,360,00024.8%3.6%
6yr¥34,440,000+¥7,110,000¥10,050,00029.8%3.9%
7yr¥34,960,000+¥8,290,000¥11,750,00034.9%4%
8yr¥35,480,000+¥9,480,000¥13,460,00039.9%4.1%
9yr¥36,020,000+¥10,660,000¥15,180,00045%4.2%
10yr¥36,560,000+¥11,850,000¥16,900,00050.2%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.)
¥2,195,500
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,105,500
Real Estate Acquisition Tax (est., rate varies by property type)¥560,000
Registration License Tax (title transfer)¥280,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥240,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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