For SaleCondominium

Chisan Mansion Sapporo Daiichi

Kita 11-jo Nishi 4-chome, Kita-ku, Sapporo-shi, Hokkaido
Asking Price
¥3,100,000
Est. Net Yield: 6.62%
Chisan Mansion Sapporo Daiichi - 1/11
1 / 11

Executive Summary

This is Chisan Mansion Sapporo Daiichi, an 11-story steel-framed reinforced concrete (SRC) apartment building constructed in May 1973, located in Kita 11-jo Nishi 4-chome, Kita-ku, Sapporo-shi, Hokkaido. Transportation options include a 1-minute walk from Kita 12-jo Station on the Sapporo Municipal Subway Namboku Line, a 10-minute walk from Kita 13-jo Higashi Station on the Sapporo Municipal Subway Toho Line, and a 10-minute walk from Sapporo Station on the Sassho Line. Located on the 9th floor, the unit is a 1R with a floor area of 21.1 sqm, featuring heating and elevator facilities. Renovations of plumbing facilities (kitchen and toilet) as well as interior finishes (wallpaper and flooring) were completed in January 2022. Land rights are ownership, and the zoning is Commercial Zone. The property is currently rented (scheduled to be vacated at the end of October), with handover timing open to consultation. According to the regulations, private lodging (minpaku) is not permitted, but office use is permitted.

Property Details

Building Area
21.1 ㎡
Layout
1R
Studio
Structure
SRC
Built Year
1973
Floors
Floor 9 of 11
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥380,000
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)
447.0 ㎡
Land rights
Freehold
Zoning
Commercial zone

Costs besides the price

Other costs
通信費: ¥150 per month
Other costs
基本水道代: ¥2,073 per month

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
北光管理サービス株式会社
Total units
86 units

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

Location & Map

Investment Analysis

Gross Yield12.39%
Est. Net Yield6.62%

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
12.39%
Est. Net Yield
6.62%
If sold after 10 years (before tax)
Annual return (IRR)
4.8%
Net gain
+¥1,560,000
Gain on total investment +43.7%
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¥3,100,000+¥240,000¥-570,000-15.8%-15.8%
2yr¥3,100,000+¥470,000¥-330,000-9.2%-4.9%
3yr¥3,100,000+¥710,000¥-90,000-2.6%-0.9%
4yr¥3,100,000+¥950,000+¥140,000+4.0%1.1%
5yr¥3,100,000+¥1,180,000+¥380,000+10.6%2.3%
6yr¥3,100,000+¥1,420,000+¥620,000+17.2%3.2%
7yr¥3,100,000+¥1,650,000+¥850,000+23.9%3.8%
8yr¥3,100,000+¥1,890,000+¥1,090,000+30.5%4.2%
9yr¥3,100,000+¥2,130,000+¥1,320,000+37.1%4.5%
10yr¥3,100,000+¥2,360,000+¥1,560,000+43.7%4.8%

Assumptions

  • Total investment ¥3,571,000 (price ¥3,100,000 + purchase costs ¥471,000)
  • Management fee and repair reserve: ¥126,600 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.)
¥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.

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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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