For SaleCondominium

La Residence de Ohorikoen

Arato 3-chome, Chuo-ku, Fukuoka-shi, Fukuoka
Asking Price
¥3,100,000
Est. Net Yield: 3.93%
La Residence de Ohorikoen - 1/4
1 / 4

Executive Summary

This property is an 11-story steel reinforced concrete (SRC) apartment building constructed in January 1989, located in Arato 3-chome, Chuo-ku, Fukuoka-shi, Fukuoka. Transportation access includes a 6-minute walk from Tojinmachi Station and a 10-minute walk from Ohorikoen Station on the Fukuoka City Subway Kuko Line. The unit, situated on the 6th floor with a north-facing orientation, features a floor area of 17.4 ㎡ with a 1K layout, and is equipped with an auto-lock system, elevator, air conditioner, and optical fiber. The land rights are ownership, and the zoning is Commercial Zone. The property is currently tenanted (under a sublease contract), and handover is negotiable. Nearby facilities include a convenience store 160 m away (2-minute walk), commercial facilities 215 m away (3-minute walk), restaurants 407 m away (6-minute walk), and a post office 418 m away (6-minute walk). Please note that withholding tax will apply as the seller is a non-resident.

Property Details

Building Area
17.4 ㎡
Layout
1K
Studio with separate kitchen
Structure
SRC
Built Year
1989
Floors
Floor 6 of 11
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥220,000
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

Site area (whole building)
468.5 ㎡
Land rights
Freehold
Zoning
Commercial zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
株式会社タイムコミュニティー

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

Location & Map

Investment Analysis

Gross Yield7.01%
Est. Net Yield3.93%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
7.01%
Est. Net Yield
3.93%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥3,150,000+¥120,000¥170,0004.7%-8.5%
2yr¥3,190,000+¥240,000¥340,0009.4%-1.9%
3yr¥3,240,000+¥370,000¥510,00014.2%0.3%
4yr¥3,290,000+¥490,000¥680,00019%1.5%
5yr¥3,340,000+¥610,000¥850,00023.7%2.2%
6yr¥3,390,000+¥730,000¥1,020,00028.6%2.6%
7yr¥3,440,000+¥850,000¥1,190,00033.4%2.9%
8yr¥3,490,000+¥970,000¥1,370,00038.2%3.2%
9yr¥3,540,000+¥1,100,000¥1,540,00043.1%3.3%
10yr¥3,600,000+¥1,220,000¥1,710,00048%3.5%

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.)
¥471,000
Brokerage fee (special rule for properties of ¥8M or less: flat ¥300,000 plus consumption tax)¥330,000
Real Estate Acquisition Tax (est., rate varies by property type)¥50,000
Registration License Tax (title transfer)¥20,000
Stamp Duty (purchase agreement)¥1,000
Judicial Scrivener & Other Fees (est.)¥70,000

For properties of ¥8M or less, the brokerage fee is a flat ¥330,000 including tax under a special rule in the regulations (explained when you sign the brokerage agreement).

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)
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