For SaleCondominium

Lions City Hiratsuka

Daikancho, Hiratsuka-shi, Kanagawa
  • Corner unit
Asking Price
¥39,800,000
Est. Net Yield: 3.75%
Lions City Hiratsuka - 1/7
1 / 7

Executive Summary

Lions City Hiratsuka is a 14-story steel reinforced concrete (SRC) apartment building built in March 1998, located in Daikancho, Hiratsuka-shi, Kanagawa. It is situated a 5-minute walk from Hiratsuka Station on the Shonan-Shinjuku Line and Tokaido Main Line. The unit is an east-facing corner unit on the 6th floor, with a floor area of 68 m², a balcony area of 13.72 m², and a 2SLDK layout. Facilities include a system kitchen, warm-water bidet toilet seat, bathroom dryer, auto-lock system, and delivery boxes. Renovation work completed in April 2026 includes plumbing and fixtures (kitchen and toilet) and interior finishes (flooring, replacement of wallpaper in all rooms, and walls/ceilings). Land rights are ownership, and the zoning is Commercial Zone. The property is currently vacant and available for immediate handover. Nearby amenities include a convenience store 125 m away (a 2-minute walk) and a post office 227 m away (a 3-minute walk).

Property Details

Building Area
68.0 ㎡
Layout
2SLDK
2 bedrooms + storage room + living, dining & kitchen
Structure
SRC
Built Year
1998
Floors
Floor 6 of 14
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,900,000
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
Freehold
Zoning
Commercial zone

Costs besides the price

Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
株式会社大京アステージ
Owners' association
Yes
Total units
65 units

Utilities & nearby

Gas
City gas
To elementary school
about 863 m
To junior high school
about 1000 m

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

Location & Map

Investment Analysis

Est. Gross Yield4.77%
Est. Net Yield3.75%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
4.77%
Est. Net Yield
3.75%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥40,400,000+¥1,490,000¥2,090,0004.9%-1.5%
2yr¥41,000,000+¥2,980,000¥4,180,0009.8%1.7%
3yr¥41,620,000+¥4,470,000¥6,290,00014.8%2.8%
4yr¥42,240,000+¥5,960,000¥8,400,00019.8%3.3%
5yr¥42,880,000+¥7,450,000¥10,530,00024.8%3.7%
6yr¥43,520,000+¥8,940,000¥12,660,00029.8%3.9%
7yr¥44,170,000+¥10,430,000¥14,810,00034.8%4%
8yr¥44,830,000+¥11,920,000¥16,960,00039.9%4.1%
9yr¥45,510,000+¥13,420,000¥19,120,00045%4.2%
10yr¥46,190,000+¥14,910,000¥21,300,00050.1%4.2%

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.)
¥2,739,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,379,400
Real Estate Acquisition Tax (est., rate varies by property type)¥710,000
Registration License Tax (title transfer)¥350,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥290,000

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

Book from open times

Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

Apply online

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)
Inquire