For SaleCondominium

Nikko Palace Odori Koen

Maganecho 1-chome, Minami-ku, Yokohama-shi, Kanagawa
Asking Price
¥9,800,000
Est. Net Yield: 4.58%
Nikko Palace Odori Koen - 1/4
1 / 4

Executive Summary

This property is Nikko Palace Odori Koen, a 7-story steel reinforced concrete (SRC) condominium built in January 1989, located in Maganecho 1-chome, Minami-ku, Yokohama-shi, Kanagawa. Transportation access is a 5-minute walk from Bandobashi Station on the Yokohama Municipal Subway Blue Line. The unit is a 1R layout located on the 5th floor, with a floor area of 16.1 sqm and a balcony area of 2.24 sqm. Facilities include an elevator, air conditioning, an induction cooktop, and a shoes-in closet, and an interior renovation was conducted in May 2025. The exterior is tiled. Land rights are ownership, and the zoning is Commercial Zone. It is currently tenanted, and handover is open for consultation. As for surrounding facilities, the Yokohamabashi Shopping Street is accessible in a 1-minute walk.

Property Details

Building Area
16.1 ㎡
Layout
1R
Studio
Structure
SRC
Built Year
1989
Floors
Floor 5 of 7
Earthquake Std.
New Seismic Standard
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
Zoning
Commercial zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
興和管理株式会社
Owners' association
Yes

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

Location & Map

Investment Analysis

Est. Gross Yield6.02%
Est. Net Yield4.58%

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
6.02%
Est. Net Yield
4.58%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥9,950,000+¥450,000¥600,0005.6%-1.5%
2yr¥10,100,000+¥900,000¥1,190,00011.3%2.1%
3yr¥10,250,000+¥1,350,000¥1,790,00017%3.3%
4yr¥10,400,000+¥1,790,000¥2,400,00022.7%3.9%
5yr¥10,560,000+¥2,240,000¥3,000,00028.4%4.3%
6yr¥10,720,000+¥2,690,000¥3,610,00034.2%4.5%
7yr¥10,880,000+¥3,140,000¥4,220,00039.9%4.6%
8yr¥11,040,000+¥3,590,000¥4,830,00045.7%4.7%
9yr¥11,210,000+¥4,040,000¥5,440,00051.6%4.8%
10yr¥11,370,000+¥4,480,000¥6,060,00057.4%4.9%

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.)
¥754,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥389,400
Real Estate Acquisition Tax (est., rate varies by property type)¥170,000
Registration License Tax (title transfer)¥80,000
Stamp Duty (purchase agreement)¥5,000
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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Book a Private Viewing or Online Consultation

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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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