For SaleCondominiumLeasehold land

Asahi Plaza Neyagawa

Tsushimaehigashi-machi, Neyagawa-shi, Osaka
Asking Price
¥8,800,000
Est. Net Yield: 9.45%
Asahi Plaza Neyagawa - 1/1
1 / 1

Executive Summary

This property is located on the 2nd floor of Asahi Plaza Neyagawa, a 9-story steel-framed reinforced concrete (SRC) condominium built in April 1984, situated in Tsushimaehigashi-machi, Neyagawa-shi, Osaka. Transportation access is a 22-minute walk from Neyagawashi Station on the Keihan Electric Railway Keihan Line. The floor area is 68.2 sqm, the balcony area is 9.43 sqm, and the layout is a south-facing 3LDK. Main amenities include an elevator, a system kitchen, separate bathroom and toilet, and an indoor washing machine space. The land rights are under the former leasehold system, and the zoning is Category I Residential Zone. The property is currently leased, and handover is open for consultation. Nearby facilities include a supermarket (151 m, 2-minute walk), a post office (375 m, 5-minute walk), a convenience store (381 m, 5-minute walk), a kindergarten/nursery (389 m, 5-minute walk), a medical facility (633 m, 8-minute walk), commercial facilities (641 m, 9-minute walk), and an elementary school (792 m, 10-minute walk).

Property Details

Building Area
68.2 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
1984
Floors
Floor 2 of 9
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,020,000
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
Land lease right (former Act)
Ground rent
¥4,690 per month
Lease term
50 yr
Zoning
Category 1 residential zone

Costs besides the price

Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
日本ビルサービス

Utilities & nearby

Gas
City gas
Water
Public water supply
Drainage
Public sewer
To elementary school
about 792 m
To junior high school
about 870 m

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

Location & Map

Investment Analysis

Est. Gross Yield11.59%
Est. Net Yield9.45%

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
11.59%
Est. Net Yield
9.45%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥8,930,000+¥830,000¥960,00010.2%3%
2yr¥9,070,000+¥1,660,000¥1,930,00020.4%6.7%
3yr¥9,200,000+¥2,500,000¥2,900,00030.6%7.9%
4yr¥9,340,000+¥3,330,000¥3,870,00040.8%8.4%
5yr¥9,480,000+¥4,160,000¥4,840,00051%8.8%
6yr¥9,620,000+¥4,990,000¥5,810,00061.3%9%
7yr¥9,770,000+¥5,820,000¥6,790,00071.6%9.1%
8yr¥9,910,000+¥6,650,000¥7,770,00081.9%9.2%
9yr¥10,060,000+¥7,490,000¥8,750,00092.3%9.2%
10yr¥10,210,000+¥8,320,000¥9,730,000102.6%9.3%

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.)
¥681,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥356,400
Real Estate Acquisition Tax (est., rate varies by property type)¥150,000
Registration License Tax (title transfer)¥70,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥100,000

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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