For SaleCondominium

Excellent City Yokohama Kannai

Wakabacho 1-chome, Naka-ku, Yokohama-shi, Kanagawa
  • Corner unit
  • Pets negotiable
Asking Price
¥75,000,000
Est. Net Yield: 2.96%
Excellent City Yokohama Kannai - 1/9
1 / 9

Executive Summary

This is an 11-story reinforced concrete condominium built in August 2024, located in Wakabacho 1-chome, Naka-ku, Yokohama-shi, Kanagawa. Transportation access includes a 5-minute walk from Hinodecho Station on the Keikyu Main Line, a 7-minute walk from Isezakichojamachi Station on the Yokohama Municipal Subway Blue Line, and a 10-minute walk from Kannai Station on the Negishi Line. The subject unit is a southeast-facing corner unit on the 5th floor, featuring a 3LDK layout with a floor area of 60 sqm and a balcony area of 16.55 sqm. It has balconies on both the southeast and southwest sides, and is equipped with underfloor heating in the living room, a dishwasher, a bathroom with mist sauna, a walk-in closet, an auto-lock system with monitor, and delivery boxes, with 24-hour trash disposal available. Land rights are ownership, and the zoning is Commercial Zone. The current status is vacant, and immediate handover is available.

Property Details

Building Area
60.0 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
2024
Floors
Floor 5 of 11
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥2,480,000
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

Site area (whole building)
855.8 ㎡
Land rights
Freehold
Zoning
Commercial zone

Costs besides the price

Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Daytime

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Est. Gross Yield3.31%
Est. Net Yield2.96%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
3.31%
Est. Net Yield
2.96%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥76,120,000+¥2,220,000¥3,350,0004.2%-2.2%
2yr¥77,270,000+¥4,450,000¥6,710,0008.4%1%
3yr¥78,430,000+¥6,670,000¥10,100,00012.6%2.1%
4yr¥79,600,000+¥8,890,000¥13,490,00016.8%2.6%
5yr¥80,800,000+¥11,120,000¥16,910,00021.1%2.9%
6yr¥82,010,000+¥13,340,000¥20,350,00025.4%3.1%
7yr¥83,240,000+¥15,560,000¥23,800,00029.7%3.3%
8yr¥84,490,000+¥17,780,000¥27,270,00034%3.4%
9yr¥85,750,000+¥20,010,000¥30,760,00038.4%3.5%
10yr¥87,040,000+¥22,230,000¥34,270,00042.8%3.5%

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.)
¥5,101,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥2,541,000
Real Estate Acquisition Tax (est., rate varies by property type)¥1,350,000
Registration License Tax (title transfer)¥670,000
Stamp Duty (purchase agreement)¥30,000
Judicial Scrivener & Other Fees (est.)¥510,000

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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