For SaleCondominium

Apartment in Sakae 3-chome, Naka-ku, Nagoya City

Sakae 3-chome, Naka-ku, Nagoya City, Aichi Prefecture
Asking Price
¥10,370,000
Apartment in Sakae 3-chome, Naka-ku, Nagoya City - 1/10
1 / 10

Executive Summary

This is a 3rd-floor unit of a 15-story steel reinforced concrete (SRC) apartment building built in November 1978, located in Sakae 3-chome, Naka-ku, Nagoya City, Aichi Prefecture. Transportation access includes a 6-minute walk from Yabacho Station on the Nagoya City Meijo Line, an 11-minute walk from Sakae Station on the same line, and a 12-minute walk from Sakaemachi Station on the Meitetsu Seto Line. The south-facing unit features a 1R layout with a floor area of 31.1 sqm and a balcony area of 3.54 sqm. Management is fully outsourced with a day-shift system, and the construction company is Daisue Construction Co., Ltd. The land right is ownership, and the zoning is Commercial Zone. The property is currently vacant, delivery timing is negotiable, and there is no parking. Nearby facilities include restaurants (a 2-minute walk, 112 m), commercial facilities (a 2-minute walk, 118 m), a bank (a 3-minute walk, 180 m), a convenience store (a 3-minute walk, 215 m), a post office (a 5-minute walk, 335 m), and a park (a 5-minute walk, 398 m).

Property Details

Building Area
31.1 ㎡
Layout
1R
Studio
Structure
SRC
Built Year
1978
Floors
Floor 3 of 15
Earthquake Std.
Old Seismic Standard
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
1,391.4 ㎡
Land rights
Freehold
Zoning
Commercial zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
都市ビルサービス株式会社
Owners' association
Yes

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
5.01%
Est. Net Yield
3.19%

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)
2.2%
Net gain
+¥2,350,000
Gain on total investment +21.0%
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¥10,370,000+¥360,000¥-860,000-7.7%-7.7%
2yr¥10,370,000+¥710,000¥-500,000-4.5%-2.3%
3yr¥10,370,000+¥1,070,000¥-150,000-1.3%-0.5%
4yr¥10,370,000+¥1,430,000+¥210,000+1.9%0.5%
5yr¥10,370,000+¥1,780,000+¥570,000+5.1%1.1%
6yr¥10,370,000+¥2,140,000+¥920,000+8.3%1.4%
7yr¥10,370,000+¥2,500,000+¥1,280,000+11.5%1.7%
8yr¥10,370,000+¥2,850,000+¥1,640,000+14.7%1.9%
9yr¥10,370,000+¥3,210,000+¥1,990,000+17.8%2.1%
10yr¥10,370,000+¥3,570,000+¥2,350,000+21.0%2.2%

Assumptions

  • Total investment ¥11,168,210 (price ¥10,370,000 + purchase costs ¥798,210)
  • Management fee and repair reserve: ¥134,760 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.)
¥798,210
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥408,210
Real Estate Acquisition Tax (est., rate varies by property type)¥180,000
Registration License Tax (title transfer)¥90,000
Stamp Duty (purchase agreement)¥10,000
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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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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