For SaleCondominium

Grand Heights Daini Takamine

Takamine-cho, Kokurakita-ku, Kitakyushu-shi, Fukuoka
  • Office use allowed
  • Top floor
  • Corner unit
  • Pets negotiable
Asking Price
¥5,500,000
Est. Net Yield: 9.83%
Grand Heights Daini Takamine - 1/14
1 / 14

Executive Summary

This is a reinforced concrete (RC), 5-story apartment building constructed in July 1985, located in Takamine-cho, Kokurakita-ku, Kitakyushu-shi, Fukuoka. Transportation is a 10-minute bus ride from Nishi-Kokura Station on the Kagoshima Main Line. Situated on the 5th floor as a corner unit, it is a south-facing 2LDK with a floor area of 61.4 sqm and a balcony area of 5 sqm. Major facilities include a system kitchen, a warm-water bidet toilet, a bathroom measuring 1 tsubo or more, a walk-in closet, and a monitor-equipped intercom. In December 2022, full renovations of the plumbing and interior, as well as a layout renovation from 3DK to 2LDK, were completed. Land rights are ownership, and the zoning is Category I Medium-and-high-rise Residential Zone. The property is currently tenanted, and handover is immediate. Nearby amenities include a convenience store (270 m, a 4-minute walk), commercial facilities (387 m, a 5-minute walk), and an elementary school (900 m, a 12-minute walk). Additionally, office use is permitted and pets are negotiable.

Property Details

Building Area
61.4 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1985
Floors
Floor 5 of 5
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥680,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Immediately

Land & legal restrictions

Site area (whole building)
664.8 ㎡
Land rights
Freehold
Zoning
Category 1 mid/high-rise residential zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
不在
Management company
株式会社内外美装
Owners' association
Yes
Total units
15 units

Utilities & nearby

Gas
City gas
To elementary school
about 900 m
To junior high school
about 1900 m

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

Location & Map

Investment Analysis

Est. Gross Yield12.45%
Est. Net Yield9.83%

This property is currently leased, but the current rent is not available, so this figure is estimated from market rents. The actual current rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
12.45%
Est. Net Yield
9.83%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥5,580,000+¥540,000¥620,00010.3%1.1%
2yr¥5,670,000+¥1,080,000¥1,250,00020.6%5.8%
3yr¥5,750,000+¥1,620,000¥1,870,00030.9%7.4%
4yr¥5,840,000+¥2,160,000¥2,500,00041.3%8.1%
5yr¥5,930,000+¥2,700,000¥3,130,00051.7%8.6%
6yr¥6,010,000+¥3,240,000¥3,760,00062%8.8%
7yr¥6,100,000+¥3,780,000¥4,390,00072.5%9%
8yr¥6,200,000+¥4,320,000¥5,020,00082.9%9.1%
9yr¥6,290,000+¥4,860,000¥5,650,00093.4%9.2%
10yr¥6,380,000+¥5,400,000¥6,290,000103.8%9.3%

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.)
¥555,000
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)¥90,000
Registration License Tax (title transfer)¥40,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥90,000

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)
Inquire