For SaleCondominiumLeasehold land

Kameido Park Heights

Kameido 1-chome, Koto-ku, Tokyo
  • Office use allowed
  • Top floor
  • Corner unit
  • 10th floor or higher
  • Pets negotiable
Asking Price
¥29,800,000
Est. Net Yield: 6.56%
Kameido Park Heights - 1/1
1 / 1

Executive Summary

This is an 11-story steel framed reinforced concrete (SRC) apartment building built in November 1974, located in Kameido 1-chome, Koto-ku, Tokyo. Transportation access includes an 8-minute walk from Kameido Station on the Sobu-Chuo Local Line, a 10-minute walk from Nishi-ojima Station on the Toei Shinjuku Line, and a 12-minute walk from Kinshicho Station on the Sobu-Chuo Local Line. The unit is a southeast-facing corner room situated on the 11th floor, with a floor area of 83.6 sqm and a 3LDK layout. The building is equipped with an elevator and parking, with office use permitted and pets allowed upon consultation. The land right is an old-law leasehold with a 60-year term (monthly land rent of 16,768 yen), and the zoning is Quasi-industrial Zone. The property is currently rented, and the handover date is negotiable.

Property Details

Building Area
83.6 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
1974
Floors
Floor 11 of 11
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥2,400,000
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
Land lease right (former Act)
Ground rent
¥16,768 per month
Lease term
60 yr
Zoning
Quasi-industrial zone

Costs besides the price

Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Daytime
Total units
51 units

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

Location & Map

Investment Analysis

Gross Yield8.05%
Est. Net Yield6.56%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
8.05%
Est. Net Yield
6.56%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥30,250,000+¥1,950,000¥2,400,0007.5%1%
2yr¥30,700,000+¥3,910,000¥4,810,00015.1%4.3%
3yr¥31,160,000+¥5,860,000¥7,220,00022.7%5.4%
4yr¥31,630,000+¥7,810,000¥9,640,00030.2%5.9%
5yr¥32,100,000+¥9,770,000¥12,070,00037.9%6.3%
6yr¥32,580,000+¥11,720,000¥14,510,00045.5%6.4%
7yr¥33,070,000+¥13,680,000¥16,950,00053.2%6.6%
8yr¥33,570,000+¥15,630,000¥19,400,00060.9%6.7%
9yr¥34,070,000+¥17,580,000¥21,860,00068.6%6.7%
10yr¥34,580,000+¥19,540,000¥24,320,00076.3%6.7%

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.)
¥2,079,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,049,400
Real Estate Acquisition Tax (est., rate varies by property type)¥530,000
Registration License Tax (title transfer)¥260,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥230,000

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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