For SaleCondominium

Nisshin Palace Higashi-Nippori

Higashi-Nippori 6-chome, Arakawa-ku, Tokyo
Asking Price
¥20,800,000
Est. Net Yield: 2.81%
Nisshin Palace Higashi-Nippori - 1/8
1 / 8

Executive Summary

This is a 3rd-floor unit in Nisshin Palace Higashi-Nippori, a 5-story reinforced concrete condominium built in November 1987, located in Higashi-Nippori 6-chome, Arakawa-ku, Tokyo. Access is a 4-minute walk from Mikawashima Station on the Joban Line and a 6-minute walk from Nippori Station on the Yamanote Line. The floor area is 20.4 sqm, the balcony area is 2.75 sqm, and the layout is a north-facing 1R. The building is equipped with an auto-lock system and an elevator, and unit amenities include a warm-water bidet toilet and storage space. The management form is fully outsourced (patrol). Land rights are ownership, and the zoning is Quasi-industrial Zone. The property is currently vacant, and handover is immediate.

Property Details

Building Area
20.4 ㎡
Layout
1R
Studio
Structure
RC
Built Year
1987
Floors
Floor 3 of 5
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥780,000
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
Quasi-industrial zone

Building management

Management type
Fully outsourced
Building manager
Visiting

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

Location & Map

Investment Analysis

Est. Gross Yield3.75%
Est. Net Yield2.81%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
3.75%
Est. Net Yield
2.81%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥21,110,000+¥580,000¥900,0004%-2.6%
2yr¥21,430,000+¥1,170,000¥1,800,0008.1%0.7%
3yr¥21,750,000+¥1,750,000¥2,700,00012.1%1.8%
4yr¥22,080,000+¥2,340,000¥3,620,00016.2%2.4%
5yr¥22,410,000+¥2,920,000¥4,530,00020.3%2.7%
6yr¥22,740,000+¥3,510,000¥5,450,00024.5%2.9%
7yr¥23,080,000+¥4,090,000¥6,380,00028.6%3.1%
8yr¥23,430,000+¥4,680,000¥7,310,00032.8%3.2%
9yr¥23,780,000+¥5,260,000¥8,250,00037%3.3%
10yr¥24,140,000+¥5,850,000¥9,190,00041.2%3.3%

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.)
¥1,482,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥752,400
Real Estate Acquisition Tax (est., rate varies by property type)¥370,000
Registration License Tax (title transfer)¥180,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥170,000

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

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.

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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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