For SaleCondominium

Rabidensu Hoshin

Hoshin 2-chome, Minato-ku, Nagoya-shi, Aichi
  • Renovated May 2025 (full)
  • Corner unit
Asking Price
¥14,800,000
Rabidensu Hoshin - 1/15
1 / 15

Executive Summary

This is a 2nd-floor unit in Rabidensu Hoshin, an 8-story reinforced concrete (RC) condominium built in March 1993, located in Hoshin 2-chome, Minato-ku, Nagoya-shi, Aichi. Transit access includes a 12-minute walk from Inae Station on the Nagoya Rinkai Rapid Transit and a 13-minute bus ride followed by a 5-minute walk from Tsukidiguchi Station on the Nagoya City Meiko Line. The unit is a south-facing 3LDK corner unit with 3-sided natural lighting, offering a floor area of 66.5 sqm and a balcony area of 11.92 sqm. The building features an auto-lock system and an elevator. In May 2025, renovations were completed, including updates to kitchen and bathroom fixtures, replacement of water and drainage pipes, and replacement of flooring and wallpaper. Land rights are ownership, and the zoning is Industrial Zone. The current status is vacant, and handover timing is negotiable. Nearby facilities include an elementary school (130m, 2-minute walk), a convenience store (350m, 5-minute walk), a bank (350m, 5-minute walk), and a junior high school (400m, 5-minute walk). It comes with the right of use for on-site parking.

Property Details

Building Area
66.5 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1993
Floors
Floor 2 of 8
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
Industrial zone

Costs besides the price

Other costs
町内会費: ¥3,600 per year
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
日本ハウズイング株式会社
Total units
48 units

Utilities & nearby

Gas
City gas
To elementary school
about 130 m
To junior high school
about 400 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
3.04%

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)
2.1%
Net gain
+¥3,180,000
Gain on total investment +20.0%
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¥14,800,000+¥480,000¥-1,170,000-7.3%-7.3%
2yr¥14,800,000+¥970,000¥-680,000-4.3%-2.2%
3yr¥14,800,000+¥1,450,000¥-200,000-1.3%-0.4%
4yr¥14,800,000+¥1,930,000+¥280,000+1.8%0.5%
5yr¥14,800,000+¥2,420,000+¥770,000+4.8%1.0%
6yr¥14,800,000+¥2,900,000+¥1,250,000+7.9%1.4%
7yr¥14,800,000+¥3,380,000+¥1,730,000+10.9%1.6%
8yr¥14,800,000+¥3,870,000+¥2,220,000+14.0%1.8%
9yr¥14,800,000+¥4,350,000+¥2,700,000+17.0%2.0%
10yr¥14,800,000+¥4,830,000+¥3,180,000+20.0%2.1%

Assumptions

  • Total investment ¥15,884,400 (price ¥14,800,000 + purchase costs ¥1,084,400)
  • Management fee and repair reserve: ¥216,000 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.

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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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