For SaleCondominium

Nisshin Plaza Motomachi (Ishikawacho)

Yamashita-cho, Naka-ku, Yokohama-shi, Kanagawa
  • Office use allowed
Asking Price
¥16,300,000
Est. Net Yield: 4.12%
Nisshin Plaza Motomachi (Ishikawacho) - 1/2
1 / 2

Executive Summary

This is a 10-story steel-framed reinforced concrete (SRC) apartment building constructed in March 1986, located in Yamashita-cho, Naka-ku, Yokohama-shi, Kanagawa. Transportation access is a 6-minute walk from Ishikawacho Station on the Negishi Line and a 9-minute walk from Motomachi-Chukagai Station on the Yokohama Minatomirai Railway Minatomirai Line. The subject unit is a southeast-facing 1K layout located on the 1st floor with a floor area of 24.7 sqm, and office use is permitted. Main amenities include an auto-lock system, an elevator, a system kitchen, a bathroom dryer, a warm-water bidet toilet seat, and an air conditioner, with new renovation completed in August 2026. The land rights are ownership, and the zoning is Commercial Zone. The current status is vacant, and immediate handover is available.

Property Details

Building Area
24.7 ㎡
Layout
1K
Studio with separate kitchen
Structure
SRC
Built Year
1986
Floors
Floor 1 of 10
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥820,000
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
None

Building management

Management type
Fully outsourced
Building manager
Daytime
Total units
81 units

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

Location & Map

Investment Analysis

Est. Gross Yield5.02%
Est. Net Yield4.12%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.02%
Est. Net Yield
4.12%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥16,540,000+¥670,000¥920,0005.2%-1.6%
2yr¥16,790,000+¥1,340,000¥1,840,00010.5%1.9%
3yr¥17,040,000+¥2,020,000¥2,760,00015.8%3%
4yr¥17,300,000+¥2,690,000¥3,690,00021.1%3.6%
5yr¥17,560,000+¥3,360,000¥4,620,00026.4%3.9%
6yr¥17,820,000+¥4,030,000¥5,550,00031.7%4.1%
7yr¥18,090,000+¥4,700,000¥6,490,00037.1%4.3%
8yr¥18,360,000+¥5,370,000¥7,440,00042.5%4.4%
9yr¥18,640,000+¥6,050,000¥8,380,00047.9%4.4%
10yr¥18,920,000+¥6,720,000¥9,330,00053.4%4.5%

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.)
¥1,193,900
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥603,900
Real Estate Acquisition Tax (est., rate varies by property type)¥290,000
Registration License Tax (title transfer)¥140,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥150,000

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

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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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