For SaleCondominium

Royal Chateau Kita 38-jo Room 103

Kita 38-jo Higashi 13-chome, Higashi-ku, Sapporo-shi, Hokkaido
Asking Price
¥22,000,000
Royal Chateau Kita 38-jo Room 103 - 1/29
1 / 29

Executive Summary

This is a 1st-floor unit in Royal Chateau Kita 38-jo, a 9-story reinforced concrete condominium built in June 1995, located in Kita 38-jo Higashi 13-chome, Higashi-ku, Sapporo-shi, Hokkaido. It is an 11-minute walk from Sakaemachi Station on the Sapporo Municipal Subway Toho Line. It is a west-facing 3LDK layout with a floor area of 84 sqm and a balcony area of 9.07 sqm, equipped with facilities including a system kitchen, separate bath and toilet, heating, double-glazed windows, and elevator service. A renovation was completed in November 2023, replacing the kitchen, bathroom, toilet, vanity, wallpaper, and flooring. Land rights are ownership, and the zoning is Category I Residential Zone. The property is currently vacant and available for immediate handover. An elementary school is located 311 m away (a 4-minute walk) in the neighborhood.

Property Details

Building Area
84.0 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1995
Floors
Floor 1 of 9
Earthquake Std.
New Seismic Standard
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Site area (whole building)
3,780.1 ㎡
Land rights
Freehold
Zoning
Category 1 residential zone

Costs besides the price

Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
大和ライフネクスト
Total units
72 units

Utilities & nearby

Water
Public water supply
Drainage
Public sewer
To elementary school
about 311 m
To junior high school
about 380 m

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

Location & Map

Investment Analysis

Yield figures for this property are provided once rental terms are confirmed. Please contact us.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.00%
Est. Net Yield
3.22%

The annual rent below is an assumption for this simulation, not rental data for this property. Adjust the slider to explore scenarios.

If sold after 10 years (before tax)
Annual return (IRR)
2.3%
Net gain
+¥5,220,000
Gain on total investment +22.1%
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¥22,000,000+¥760,000¥-1,610,000-6.8%-6.8%
2yr¥22,000,000+¥1,520,000¥-850,000-3.6%-1.8%
3yr¥22,000,000+¥2,270,000¥-90,000-0.4%-0.1%
4yr¥22,000,000+¥3,030,000+¥670,000+2.8%0.7%
5yr¥22,000,000+¥3,790,000+¥1,430,000+6.1%1.3%
6yr¥22,000,000+¥4,550,000+¥2,180,000+9.3%1.6%
7yr¥22,000,000+¥5,310,000+¥2,940,000+12.5%1.9%
8yr¥22,000,000+¥6,060,000+¥3,700,000+15.7%2.1%
9yr¥22,000,000+¥6,820,000+¥4,460,000+18.9%2.2%
10yr¥22,000,000+¥7,580,000+¥5,220,000+22.1%2.3%

Assumptions

  • Total investment ¥23,562,000 (price ¥22,000,000 + purchase costs ¥1,562,000)
  • Management fee and repair reserve: ¥281,400 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.)
¥1,562,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥792,000
Real Estate Acquisition Tax (est., rate varies by property type)¥390,000
Registration License Tax (title transfer)¥190,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥180,000

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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