For SaleCondominium

Ai Asahi

Hakuhocho 2-chome, Owariasahi-shi, Aichi
  • Renovated December 2024 (full)
Asking Price
¥19,800,000
Ai Asahi - 1/15
1 / 15

Executive Summary

This property is a 2nd-floor unit in Ai Asahi, a 9-story reinforced concrete (RC) condominium built in January 1996, located in Hakuhocho 2-chome, Owariasahi-shi, Aichi. Transportation access is a 4-minute walk from Imba Station on the Meitetsu Seto Line and a 10-minute walk from Asahi-mae Station on the Meitetsu Seto Line. The unit features a south-facing 3LDK layout with a floor area of 70.4 sqm, a balcony area of 8.32 sqm, and lighting from two sides. Major facilities include a system kitchen, dishwasher, reheating function, bathroom dryer, auto-lock system with monitor, and an elevator. In December 2024, renovations were completed for the wet areas (kitchen, bathroom, toilet, washroom, water heater) and all interior surfaces (floors, walls, ceilings, fixtures). The land rights are ownership, and the zoning is Category I Residential Zone. The property is currently vacant, and handover is negotiable. Nearby facilities include a bank 50 m away (a 1-minute walk), a convenience store 230 m away (a 3-minute walk), and a commercial facility 650 m away (a 9-minute walk). Construction was performed by Takenaka Corporation.

Property Details

Building Area
70.4 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1996
Floors
Floor 2 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
Negotiable

Land & legal restrictions

Land rights
Freehold
Zoning
Category 1 residential zone

Costs besides the price

Other costs
CATV使用料: ¥550 per month
Parking
Yes

Building condition

Defect warranty
瑕疵保証(不動産会社独自)付

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
株式会社ユーホーム
Total units
24 units

Utilities & nearby

Gas
City gas
To elementary school
about 260 m
To junior high school
about 1100 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
3.16%

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
+¥4,550,000
Gain on total investment +21.5%
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+¥670,000¥-1,480,000-7.0%-7.0%
2yr¥19,800,000+¥1,340,000¥-810,000-3.8%-2.0%
3yr¥19,800,000+¥2,010,000¥-140,000-0.6%-0.2%
4yr¥19,800,000+¥2,680,000+¥530,000+2.5%0.7%
5yr¥19,800,000+¥3,350,000+¥1,200,000+5.7%1.2%
6yr¥19,800,000+¥4,020,000+¥1,870,000+8.8%1.5%
7yr¥19,800,000+¥4,690,000+¥2,540,000+12.0%1.8%
8yr¥19,800,000+¥5,360,000+¥3,210,000+15.1%2.0%
9yr¥19,800,000+¥6,030,000+¥3,880,000+18.3%2.1%
10yr¥19,800,000+¥6,700,000+¥4,550,000+21.5%2.2%

Assumptions

  • Total investment ¥21,219,400 (price ¥19,800,000 + purchase costs ¥1,419,400)
  • Management fee and repair reserve: ¥265,200 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.

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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