For SaleCondominium

Parador Saiin Part II

Saiin Shimizucho, Ukyo-ku, Kyoto-shi, Kyoto
  • Top floor
Asking Price
¥5,900,000
Est. Net Yield: 5%
Parador Saiin Part II - 1/12
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Executive Summary

This is a 6-story reinforced concrete (RC) condominium building built in January 1989, located in Saiin Shimizucho, Ukyo-ku, Kyoto-shi, Kyoto. Transportation access is a 10-minute walk from Saiin Station on the Hankyu Railway Kyoto Line. The subject unit is a 1K layout located on the 6th floor with a floor area of 20.2㎡ and a balcony area of 3.61㎡. Main facilities and equipment include an auto-lock system, elevator, air conditioner, IH cooking heater, indoor washing machine space, and city gas. Land rights are ownership, and the zoning is Industrial Zone. The property is currently tenanted and offered as an owner-change investment, with handover timing negotiable.

Property Details

Building Area
20.2 ㎡
Layout
1K
Studio with separate kitchen
Structure
RC
Built Year
1989
Floors
Floor 6 of 6
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥550,000
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)
661.2 ㎡
Land rights
Freehold
Zoning
Industrial zone

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
(株)今井建設
Owners' association
Yes
Total units
58 units

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Gross Yield9.25%
Est. Net Yield5%

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
9.25%
Est. Net Yield
5.00%
If sold after 10 years (before tax)
Annual return (IRR)
3.8%
Net gain
+¥2,330,000
Gain on total investment +35.9%
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¥5,900,000+¥320,000¥-590,000-9.1%-9.1%
2yr¥5,900,000+¥650,000¥-260,000-4.1%-2.1%
3yr¥5,900,000+¥970,000+¥60,000+0.9%0.3%
4yr¥5,900,000+¥1,290,000+¥380,000+5.9%1.6%
5yr¥5,900,000+¥1,620,000+¥710,000+10.9%2.3%
6yr¥5,900,000+¥1,940,000+¥1,030,000+15.9%2.8%
7yr¥5,900,000+¥2,270,000+¥1,360,000+20.9%3.2%
8yr¥5,900,000+¥2,590,000+¥1,680,000+25.9%3.4%
9yr¥5,900,000+¥2,910,000+¥2,000,000+30.9%3.7%
10yr¥5,900,000+¥3,240,000+¥2,330,000+35.9%3.8%

Assumptions

  • Total investment ¥6,475,000 (price ¥5,900,000 + purchase costs ¥575,000)
  • Management fee and repair reserve: ¥192,000 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.)
¥575,000
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)¥100,000
Registration License Tax (title transfer)¥50,000
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)
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