For SaleCondominiumLeasehold land

Asahi Plaza Neyagawa

Tsushimaehigashi-cho, Neyagawa-shi, Osaka
  • Corner unit
Asking Price
¥16,800,000
Est. Net Yield: 8.55%
Asahi Plaza Neyagawa - 1/15
1 / 15

Executive Summary

This property is an apartment unit located on the 5th floor of a 9-story reinforced concrete (RC) building constructed in April 1984, situated in Tsushimaehigashi-cho, Neyagawa-shi, Osaka. Transportation access includes an 8-minute bus ride and a 2-minute walk from Neyagawashi Station on the Keihan Electric Railway Keihan Line, and an 18-minute bus ride and a 2-minute walk from Dainichi Station on the Osaka Municipal Subway Tanimachi Line. It is a south-facing 5LDK corner unit with a floor area of 131.8 sqm and a balcony area of 29.6 sqm, equipped with an elevator, system kitchen, warm-water bidet toilet seat, walk-in closet, and other amenities. In April 2024, renovations were completed for wet areas (kitchen, bathroom, toilet, washroom, plumbing and drainage pipes, water heater) and the full interior (floors, walls, ceilings, fittings). The land right is a leasehold under the former law (lease term of 49 years and 3 months, monthly land rent of 9,060 yen), located in a Category I Residential Zone. The property is currently vacant, and immediate handover is available. Commercial facilities are located 80m away (a 1-minute walk).

Property Details

Building Area
131.8 ㎡
Layout
5LDK
5 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1984
Floors
Floor 5 of 9
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,800,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Land rights
Land lease right (former Act)
Ground rent
¥9,060 per month
Lease term
49 yr 3 mo
Zoning
Category 1 residential zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
日本ビルサービス株式会社
Owners' association
Yes
Total units
81 units

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Est. Gross Yield10.71%
Est. Net Yield8.55%

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
10.71%
Est. Net Yield
8.55%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥17,050,000+¥1,440,000¥1,690,0009.4%2.5%
2yr¥17,310,000+¥2,870,000¥3,380,00018.8%6%
3yr¥17,570,000+¥4,310,000¥5,080,00028.2%7.2%
4yr¥17,830,000+¥5,750,000¥6,780,00037.6%7.7%
5yr¥18,100,000+¥7,180,000¥8,480,00047%8%
6yr¥18,370,000+¥8,620,000¥10,190,00056.5%8.2%
7yr¥18,650,000+¥10,060,000¥11,900,00066%8.3%
8yr¥18,930,000+¥11,500,000¥13,620,00075.5%8.4%
9yr¥19,210,000+¥12,930,000¥15,340,00085.1%8.5%
10yr¥19,500,000+¥14,370,000¥17,070,00094.7%8.5%

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.)
¥1,230,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥620,400
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.)¥150,000

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

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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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