For SaleCondominium

Asahi Plaza Shinsaibashi

Nishi-Shinsaibashi 2-chome, Chuo-ku, Osaka-shi, Osaka
  • Office use allowed
Asking Price
¥12,300,000
Est. Net Yield: 3.9%
Asahi Plaza Shinsaibashi - 1/3
1 / 3

Executive Summary

Located in Nishi-Shinsaibashi 2-chome, Chuo-ku, Osaka-shi, Osaka, Asahi Plaza Shinsaibashi is a 14-story steel-framed reinforced concrete (SRC) condominium built in September 1983. Access is a 5-minute walk from Osaka-Namba Station on the Kintetsu Namba and Nara Lines, with access to two train lines. The unit is on the 5th floor with a 1R layout, a floor area of 21.5㎡, and a balcony area of 3.37㎡, and office use is permitted. The building is equipped with an elevator, bicycle parking, and motorcycle parking, while the unit features air conditioning and storage space. In addition, interior renovation of the walls and ceilings (wallpaper, paint, etc.) was completed in December 2022. The land rights are ownership. The unit is currently tenanted, and handover is negotiable.

Property Details

Building Area
21.5 ㎡
Layout
1R
Studio
Structure
SRC
Built Year
1983
Floors
Floor 5 of 14
Earthquake Std.
To be confirmed
Est. Annual Rent
¥590,000
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

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Daytime

Utilities & nearby

Water
Public water supply
Drainage
Public sewer

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

Location & Map

Investment Analysis

Est. Gross Yield4.79%
Est. Net Yield3.9%

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
4.79%
Est. Net Yield
3.90%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥12,480,000+¥480,000¥660,0005%-2%
2yr¥12,670,000+¥960,000¥1,330,00010.1%1.5%
3yr¥12,860,000+¥1,440,000¥2,000,00015.1%2.7%
4yr¥13,050,000+¥1,920,000¥2,670,00020.2%3.3%
5yr¥13,250,000+¥2,400,000¥3,350,00025.3%3.7%
6yr¥13,450,000+¥2,880,000¥4,030,00030.4%3.9%
7yr¥13,650,000+¥3,360,000¥4,710,00035.6%4%
8yr¥13,860,000+¥3,840,000¥5,390,00040.8%4.1%
9yr¥14,060,000+¥4,320,000¥6,080,00045.9%4.2%
10yr¥14,270,000+¥4,800,000¥6,770,00051.2%4.3%

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.)
¥931,900
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥471,900
Real Estate Acquisition Tax (est., rate varies by property type)¥220,000
Registration License Tax (title transfer)¥110,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥120,000

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

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.

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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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