For SaleCondominium

Tea Garden

Tengachaya 3-chome, Nishinari-ku, Osaka-shi, Osaka
Asking Price
¥10,800,000
Est. Net Yield: 8.27%
Tea Garden - 1/9
1 / 9

Executive Summary

Located in Tengachaya 3-chome, Nishinari-ku, Osaka-shi, Osaka, Tea Garden is a 4-story steel-framed condominium built in November 1989, with a total of 7 units. Transportation access includes a 4-minute walk from Tengachaya Station on the Osaka Metro Sakaisuji Line and a 1-minute walk from Kita-Tengachaya Station on the Hankai Tramway Hankai Line. The subject unit is a south-facing 1R located on the 2nd floor, with a floor area of 25.2㎡. Main equipment and features include an open kitchen, storage space, air conditioner, indoor washing machine space, internet compatibility, refrigerator, bed, and lighting fixtures. Land rights are ownership, and the zoning is Category I Residential Zone. The management system is self-management (unattended), the current status is tenanted, and handover is negotiable.

Property Details

Building Area
25.2 ㎡
Layout
1R
Studio
Structure
Steel
Built Year
1989
Floors
Floor 2 of 4
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥990,000
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)
74.5 ㎡
Land rights
Freehold
Zoning
Category 1 residential zone

Costs besides the price

Other costs
固定資産・都市計画税: ¥16,337 per year
Parking
None

Building management

Management type
Self-managed
Building manager
不在
Total units
7 units

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

Location & Map

Investment Analysis

Gross Yield9.16%
Est. Net Yield8.27%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
9.16%
Est. Net Yield
8.27%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥10,960,000+¥890,000¥1,060,0009.1%2%
2yr¥11,130,000+¥1,790,000¥2,110,00018.2%5.6%
3yr¥11,290,000+¥2,680,000¥3,170,00027.3%6.8%
4yr¥11,460,000+¥3,570,000¥4,230,00036.4%7.4%
5yr¥11,630,000+¥4,470,000¥5,300,00045.6%7.7%
6yr¥11,810,000+¥5,360,000¥6,370,00054.8%7.9%
7yr¥11,990,000+¥6,250,000¥7,440,00064%8%
8yr¥12,170,000+¥7,140,000¥8,510,00073.2%8.1%
9yr¥12,350,000+¥8,040,000¥9,590,00082.5%8.2%
10yr¥12,530,000+¥8,930,000¥10,660,00091.8%8.2%

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.)
¥822,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥422,400
Real Estate Acquisition Tax (est., rate varies by property type)¥190,000
Registration License Tax (title transfer)¥90,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥110,000

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

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