For SaleCondominium

Orient Green Heights Sumiike

Sumiike-cho, Nakagawa-ku, Nagoya-shi, Aichi
Asking Price
¥16,980,000
Est. Net Yield: 2.63%
Orient Green Heights Sumiike - 1/12
1 / 12

Executive Summary

Orient Green Heights Sumiike is an 11-story steel reinforced concrete (SRC) condominium built in February 1991, located in Sumiike-cho, Nakagawa-ku, Nagoya-shi, Aichi. Transit options include the Kintetsu Nagoya Line, with Kogane Station a 13-minute walk, Kasumori Station an 18-minute walk, and Komeno Station a 19-minute walk. The subject unit is a south-facing 2LDK situated on the 5th floor, with a floor area of 58.3 sqm and a balcony area of 5 sqm. The building is equipped with an auto-lock security system and an elevator, and unit features include an air conditioner, an indoor washing machine space, and a walk-in shoe closet. The building has a total of 64 units, and parking is available. The land rights are ownership, and the zoning is Quasi-Industrial Zone. The property is currently tenanted, and handover timing is subject to consultation.

Property Details

Building Area
58.3 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
1991
Floors
Floor 5 of 11
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥760,000
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)
2,482.5 ㎡
Land rights
Freehold
Zoning
Quasi-industrial zone

Costs besides the price

Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Visiting
Total units
64 units

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

Location & Map

Investment Analysis

Gross Yield4.47%
Est. Net Yield2.63%

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
4.47%
Est. Net Yield
2.63%
If sold after 10 years (before tax)
Annual return (IRR)
1.7%
Net gain
+¥2,920,000
Gain on total investment +16.0%
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¥16,980,000+¥480,000¥-1,390,000-7.7%-7.7%
2yr¥16,980,000+¥960,000¥-910,000-5.0%-2.6%
3yr¥16,980,000+¥1,440,000¥-440,000-2.4%-0.8%
4yr¥16,980,000+¥1,920,000+¥40,000+0.2%0.1%
5yr¥16,980,000+¥2,400,000+¥520,000+2.9%0.6%
6yr¥16,980,000+¥2,870,000+¥1,000,000+5.5%1.0%
7yr¥16,980,000+¥3,350,000+¥1,480,000+8.1%1.2%
8yr¥16,980,000+¥3,830,000+¥1,960,000+10.8%1.4%
9yr¥16,980,000+¥4,310,000+¥2,440,000+13.4%1.6%
10yr¥16,980,000+¥4,790,000+¥2,920,000+16.0%1.7%

Assumptions

  • Total investment ¥18,216,340 (price ¥16,980,000 + purchase costs ¥1,236,340)
  • Management fee and repair reserve: ¥238,800 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.)
¥1,236,340
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥626,340
Real Estate Acquisition Tax (est., rate varies by property type)¥300,000
Registration License Tax (title transfer)¥150,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥150,000

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.

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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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