For SaleCondominium

Neo Heights Osu

Osu 3-chome, Naka-ku, Nagoya-shi, Aichi
Asking Price
¥12,900,000
Neo Heights Osu - 1/4
1 / 4

Executive Summary

This is a residential unit in Neo Heights Osu, a 14-story SRC building constructed in November 1984, located in Osu 3-chome, Naka-ku, Nagoya-shi, Aichi. It is located an 8-minute walk from Osu Kannon Station on the Nagoya City Tsurumai Line and a 9-minute walk from Kamimaezu Station on the same line. Located on the 4th floor of a 140-unit building, this west-facing 2DK unit (Western-style rooms) features a floor area of 43.5㎡ and a balcony area of 17.64㎡. Common facilities include an auto-lock system and an elevator, and the unit is equipped with storage space and an indoor washing machine space. All wallpaper in the unit has been replaced. Land rights are ownership, and the zoning is a Commercial Zone. The unit is currently vacant and ready for immediate handover.

Property Details

Building Area
43.5 ㎡
Layout
2DK
2 bedrooms + dining kitchen
Structure
SRC
Built Year
1984
Floors
Floor 4 of 14
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

Land rights
Freehold
Zoning
Commercial zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
日本管財住宅管理株式会社
Owners' association
Yes
Total units
140 units

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
5.04%
Est. Net Yield
3.16%

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
+¥2,910,000
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¥12,900,000+¥440,000¥-1,030,000-7.4%-7.4%
2yr¥12,900,000+¥870,000¥-590,000-4.2%-2.2%
3yr¥12,900,000+¥1,310,000¥-150,000-1.1%-0.4%
4yr¥12,900,000+¥1,750,000+¥290,000+2.1%0.5%
5yr¥12,900,000+¥2,190,000+¥720,000+5.2%1.1%
6yr¥12,900,000+¥2,620,000+¥1,160,000+8.4%1.5%
7yr¥12,900,000+¥3,060,000+¥1,600,000+11.5%1.7%
8yr¥12,900,000+¥3,500,000+¥2,040,000+14.7%1.9%
9yr¥12,900,000+¥3,940,000+¥2,470,000+17.8%2.1%
10yr¥12,900,000+¥4,370,000+¥2,910,000+21.0%2.2%

Assumptions

  • Total investment ¥13,861,700 (price ¥12,900,000 + purchase costs ¥961,700)
  • Management fee and repair reserve: ¥176,880 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.)
¥961,700
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥491,700
Real Estate Acquisition Tax (est., rate varies by property type)¥230,000
Registration License Tax (title transfer)¥110,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥120,000

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

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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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