For SaleCondominium

Hoyu Confort Nijojomae

Sanchome, Higashihorikawadori Shimochojamachi-sagaru, Kamigyo-ku, Kyoto-shi, Kyoto
  • Office use allowed
Asking Price
¥9,500,000
Est. Net Yield: 4.73%
Hoyu Confort Nijojomae - 1/2
1 / 2

Executive Summary

This is Hoyu Confort Nijojomae, an 11-story steel framed reinforced concrete (SRC) apartment building constructed in March 1989, located in Sanchome, Higashihorikawadori Shimochojamachi-sagaru, Kamigyo-ku, Kyoto-shi, Kyoto. It is located a 16-minute walk from Marutamachi Station on the Kyoto Municipal Subway Karasuma Line, a 17-minute walk from Nijojo-mae Station on the Kyoto Municipal Subway Tozai Line, and a 21-minute walk from Imadegawa Station on the Kyoto Municipal Subway Karasuma Line. The unit is a south-facing corner unit on the 6th floor with a 1K layout, featuring a floor area of 27.5 sqm and a balcony area of 2.8 sqm. It is equipped with an auto-lock system and city gas, and office use is permitted. Land rights are ownership, and the zoning consists of Category II Residential Zone and Commercial Zone. Currently tenanted and sold with the tenancy in place (owner-change property), it is available for immediate handover in as-is condition, with the seller exempt from liability for non-conformity of contract, and with the judicial scrivener specified. Surrounding amenities include a convenience store (205m, 3-minute walk), a commercial facility (238m, 3-minute walk), a bank (287m, 4-minute walk), restaurants (537m, 7-minute walk), a medical facility (607m, 8-minute walk), and a university (778m, 10-minute walk).

Property Details

Building Area
27.5 ㎡
Layout
1K
Studio with separate kitchen
Structure
SRC
Built Year
1989
Floors
Floor 6 of 11
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥660,000
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

Land rights
Freehold
Zoning
Category 2 residential zone / Commercial zone

Costs besides the price

Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
阪神美装株式会社
Total units
92 units

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Gross Yield6.95%
Est. Net Yield4.73%

Based on the rent under the current lease.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
6.95%
Est. Net Yield
4.73%
If sold after 10 years (before tax)
Annual return (IRR)
3.8%
Net gain
+¥3,720,000
Gain on total investment +36.3%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥9,500,000+¥480,000¥-640,000-6.3%-6.3%
2yr¥9,500,000+¥970,000¥-160,000-1.6%-0.8%
3yr¥9,500,000+¥1,450,000+¥330,000+3.2%1.1%
4yr¥9,500,000+¥1,940,000+¥810,000+7.9%2.1%
5yr¥9,500,000+¥2,420,000+¥1,290,000+12.6%2.6%
6yr¥9,500,000+¥2,910,000+¥1,780,000+17.4%3.0%
7yr¥9,500,000+¥3,390,000+¥2,260,000+22.1%3.3%
8yr¥9,500,000+¥3,880,000+¥2,750,000+26.8%3.5%
9yr¥9,500,000+¥4,360,000+¥3,230,000+31.6%3.7%
10yr¥9,500,000+¥4,850,000+¥3,720,000+36.3%3.8%

Assumptions

  • Total investment ¥10,244,500 (price ¥9,500,000 + purchase costs ¥744,500)
  • Management fee and repair reserve: ¥138,960 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

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.)
¥744,500
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥379,500
Real Estate Acquisition Tax (est., rate varies by property type)¥170,000
Registration License Tax (title transfer)¥80,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥110,000

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.

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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