For SaleCondominium

Royal Kannai

Okinacho 1-chome, Naka-ku, Yokohama-shi, Kanagawa
Asking Price
¥10,800,000
Est. Net Yield: 6.18%
Royal Kannai - 1/1
1 / 1

Executive Summary

This is a condominium unit in Royal Kannai, an 11-story steel-framed reinforced concrete (SRC) building constructed in June 1982, located in Okinacho 1-chome, Naka-ku, Yokohama-shi, Kanagawa. It is located a 2-minute walk from Kannai Station on the Keihin-Tohoku and Negishi Line, a 3-minute walk from Kannai Station on the Negishi Line, and an 8-minute walk from Ishikawacho Station on the Negishi Line. The building has 81 units in total, with fully outsourced day-shift management, and there is no parking. The subject unit is a southwest-facing 1R located on the 6th floor, with a floor area of 20.7 sqm and a balcony area of 2.89 sqm. Land rights are ownership, and the zoning is Commercial Zone. It is currently tenanted, and handover is immediate. Nearby amenities include restaurants 100m away (a 2-minute walk), a convenience store 233m away (a 3-minute walk), and commercial facilities 390m away (a 5-minute walk).

Property Details

Building Area
20.7 ㎡
Layout
1R
Studio
Structure
SRC
Built Year
1982
Floors
Floor 6 of 11
Earthquake Std.
To be confirmed
Est. Annual Rent
¥800,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Immediately

Land & legal restrictions

Site area (whole building)
257.9 ㎡
Land rights
Freehold
Zoning
Commercial zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
株式会社ケグローリア
Total units
81 units

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

Location & Map

Investment Analysis

Est. Gross Yield7.37%
Est. Net Yield6.18%

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
7.37%
Est. Net Yield
6.18%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥10,960,000+¥670,000¥830,0007.1%0.1%
2yr¥11,130,000+¥1,340,000¥1,660,00014.3%3.7%
3yr¥11,290,000+¥2,000,000¥2,500,00021.5%4.8%
4yr¥11,460,000+¥2,670,000¥3,330,00028.7%5.4%
5yr¥11,630,000+¥3,340,000¥4,170,00035.9%5.8%
6yr¥11,810,000+¥4,010,000¥5,020,00043.2%6%
7yr¥11,990,000+¥4,670,000¥5,860,00050.4%6.1%
8yr¥12,170,000+¥5,340,000¥6,710,00057.7%6.2%
9yr¥12,350,000+¥6,010,000¥7,560,00065%6.3%
10yr¥12,530,000+¥6,680,000¥8,410,00072.4%6.3%

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.)
¥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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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.

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