For SaleCondominium

Neo Heights Shinrin Koen Building A

Kitaharayamacho Okubomi, Owariasahi-shi, Aichi
  • Corner unit
  • Pets negotiable
Asking Price
¥14,800,000
Neo Heights Shinrin Koen Building A - 1/15
1 / 15

Executive Summary

This is Neo Heights Shinrin Koen Building A, an 11-story SRC (steel framed reinforced concrete) apartment building built in January 1985, located in Kitaharayamacho Okubomi, Owariasahi-shi, Aichi. Transportation access is a 6-minute walk from Sango Station, a 19-minute walk from Owariasahi Station, and a 29-minute walk from Mizuno Station, all on the Meitetsu Seto Line. The subject unit is a south-facing corner unit located on the 5th floor, featuring a 2LDK layout with a floor area of 66.4㎡ and a balcony area of 22.47㎡. Major equipment includes a system kitchen, dishwasher-dryer, bathroom dryer, and intercom with monitor, with interior renovations completed in July 2025 including the replacement of wet-area fixtures, water supply and hot-water piping, wallpaper in all rooms, and flooring. Land rights are ownership, and the zoning is Quasi-Industrial Zone. The current status is vacant, and delivery is negotiable. In the surrounding area, there is a convenience store 350m away (5 minutes on foot), a post office 350m away (5 minutes on foot), a medical facility 400m away (5 minutes on foot), and a commercial facility 500m away (7 minutes on foot). Pet consultation is possible, and a revision of the repair reserve fund is scheduled from February of Reiwa 11.

Property Details

Building Area
66.4 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
1985
Floors
Floor 5 of 11
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
Quasi-industrial zone

Costs besides the price

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
Daytime
Management company
ミソノサービス株式会社
Total units
207 units

Utilities & nearby

Gas
City gas
To elementary school
about 650 m
To junior high school
about 1000 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
2.95%

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)
2.0%
Net gain
+¥3,030,000
Gain on total investment +19.1%
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¥14,800,000+¥470,000¥-1,180,000-7.4%-7.4%
2yr¥14,800,000+¥940,000¥-710,000-4.5%-2.3%
3yr¥14,800,000+¥1,410,000¥-240,000-1.5%-0.5%
4yr¥14,800,000+¥1,870,000+¥220,000+1.4%0.4%
5yr¥14,800,000+¥2,340,000+¥690,000+4.4%0.9%
6yr¥14,800,000+¥2,810,000+¥1,160,000+7.3%1.3%
7yr¥14,800,000+¥3,280,000+¥1,630,000+10.3%1.5%
8yr¥14,800,000+¥3,750,000+¥2,100,000+13.2%1.7%
9yr¥14,800,000+¥4,220,000+¥2,570,000+16.2%1.9%
10yr¥14,800,000+¥4,680,000+¥3,030,000+19.1%2.0%

Assumptions

  • Total investment ¥15,884,400 (price ¥14,800,000 + purchase costs ¥1,084,400)
  • Management fee and repair reserve: ¥230,964 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.)
¥1,084,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥554,400
Real Estate Acquisition Tax (est., rate varies by property type)¥260,000
Registration License Tax (title transfer)¥130,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥130,000

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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