For SaleCondominium

Neo Heights Esaka 6th Floor

Tarumi-cho 3-chome, Suita-shi, Osaka
  • Office use negotiable
Asking Price
¥17,000,000
Est. Net Yield: 7.97%
Neo Heights Esaka 6th Floor - 1/12
1 / 12

Executive Summary

This is a 6th-floor unit in a 7-story reinforced concrete condominium built in November 1973, located in Tarumi-cho 3-chome, Suita-shi, Osaka. It is a 6-minute walk from Esaka Station on the Osaka Municipal Midosuji Line and a 15-minute walk from Toyotsu Station on the Hankyu Senri Line. The south-facing 1SLDK unit has a floor area of 50.7 sqm and a balcony area of 5.4 sqm. Renovation work was completed in May 2023, including all wet areas, layout changes, flooring, walls, and ceilings. Equipment and features include a system kitchen, dishwasher/dryer, reheating bath function, separate bath and toilet, walk-in closet, monitor intercom, and elevator. The land rights are ownership, and the zoning is a Commercial Zone. The property is currently tenanted and offered as an owner-change investment, with handover timing negotiable. Nearby facilities include a park (200 m, 3-minute walk) and an elementary school (429 m, 6-minute walk).

Property Details

Building Area
50.7 ㎡
Layout
1SLDK
1 bedroom + storage room + living, dining & kitchen
Structure
RC
Built Year
1973
Floors
Floor 6 of 7
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥1,550,000
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

Costs besides the price

Other costs
組合運営費: ¥1,000 per month
Other costs
特別管理費: ¥1,000 per month
Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Live-in
Management company
北武開発株式会社
Owners' association
Yes
Total units
1 units

Utilities & nearby

Gas
City gas
Water
Public water supply
Drainage
Public sewer
To elementary school
about 429 m
To junior high school
about 313 m

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

Location & Map

Investment Analysis

Est. Gross Yield9.12%
Est. Net Yield7.97%

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
9.12%
Est. Net Yield
7.97%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥17,250,000+¥1,350,000¥1,610,0009%3.7%
2yr¥17,510,000+¥2,710,000¥3,220,00018%6.4%
3yr¥17,780,000+¥4,060,000¥4,840,00027%7.2%
4yr¥18,040,000+¥5,420,000¥6,460,00036%7.7%
5yr¥18,310,000+¥6,770,000¥8,090,00045.1%7.9%
6yr¥18,590,000+¥8,130,000¥9,720,00054.1%8%
7yr¥18,870,000+¥9,480,000¥11,350,00063.2%8.1%
8yr¥19,150,000+¥10,840,000¥12,990,00072.4%8.2%
9yr¥19,440,000+¥12,190,000¥14,630,00081.5%8.2%
10yr¥19,730,000+¥13,550,000¥16,280,00090.7%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.)
¥950,000
Brokerage fee (special rule for properties of ¥8M or less: flat ¥300,000 plus consumption tax)¥330,000
Real Estate Acquisition Tax (est., rate varies by property type)¥300,000
Registration License Tax (title transfer)¥150,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥160,000

For properties of ¥8M or less, the brokerage fee is a flat ¥330,000 including tax under a special rule in the regulations (explained when you sign the brokerage agreement).

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

Book from open times

Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

Apply online

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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