For SaleCondominium

Accord Obata

Naeshiro 1-chome, Moriyama-ku, Nagoya-shi, Aichi
Asking Price
¥19,800,000
Accord Obata - 1/15
1 / 15

Executive Summary

Accord Obata is a 7-story reinforced concrete condominium built in November 1990, located in Naeshiro 1-chome, Moriyama-ku, Nagoya-shi, Aichi. It is located a 13-minute walk from Obata Station on the Meitetsu Seto Line, a 23-minute walk from Kitayama Station on the same line, and a 23-minute walk from Hyotanyama Station. The subject unit is on the 3rd floor facing south, featuring a 2SLDK layout with a floor area of 67.8 sqm and a balcony area of 9.15 sqm. The building is equipped with an auto-lock system and an elevator, and the unit includes a counter kitchen, a reheating function, a bathroom dryer, and a vanity with a shower fixture. Renovations completed in April 2023 include the replacement of the bathroom, toilet, and kitchen ventilation fan, as well as the replacement of wallpaper and flooring in all rooms. Land rights are ownership, and the zoning is a quasi-industrial zone. The property is currently vacant and available for immediate handover. As for nearby facilities, Naeshiro Elementary School is a 2-minute walk away.

Property Details

Building Area
67.8 ㎡
Layout
2SLDK
2 bedrooms + storage room + living, dining & kitchen
Structure
RC
Built Year
1990
Floors
Floor 3 of 7
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
Quasi-industrial zone

Costs besides the price

Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
株式会社合人社計画研究所
Owners' association
Yes
Total units
18 units

Utilities & nearby

Gas
City gas

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
3.34%

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)
2.4%
Net gain
+¥4,940,000
Gain on total investment +23.3%
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¥19,800,000+¥710,000¥-1,440,000-6.8%-6.8%
2yr¥19,800,000+¥1,420,000¥-730,000-3.4%-1.8%
3yr¥19,800,000+¥2,130,000¥-20,000-0.1%0.0%
4yr¥19,800,000+¥2,840,000+¥690,000+3.2%0.8%
5yr¥19,800,000+¥3,540,000+¥1,390,000+6.6%1.4%
6yr¥19,800,000+¥4,250,000+¥2,100,000+9.9%1.7%
7yr¥19,800,000+¥4,960,000+¥2,810,000+13.3%2.0%
8yr¥19,800,000+¥5,670,000+¥3,520,000+16.6%2.2%
9yr¥19,800,000+¥6,380,000+¥4,230,000+19.9%2.3%
10yr¥19,800,000+¥7,090,000+¥4,940,000+23.3%2.4%

Assumptions

  • Total investment ¥21,219,400 (price ¥19,800,000 + purchase costs ¥1,419,400)
  • Management fee and repair reserve: ¥226,800 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.)
¥1,419,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥719,400
Real Estate Acquisition Tax (est., rate varies by property type)¥350,000
Registration License Tax (title transfer)¥170,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥170,000

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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