For SaleCondominiumAkiya

City Palace Seto

Yakushicho, Seto City, Aichi Prefecture
Asking Price
¥8,300,000
City Palace Seto - 1/15
1 / 15

Executive Summary

This is a 9th-floor unit in City Palace Seto, an 11-story steel reinforced concrete (SRC) condominium located in Yakushicho, Seto City, Aichi Prefecture. Built in February 1983, it is a 10-minute walk from Owari-Seto Station on the Meitetsu Seto Line and a 35-minute walk from Setoshi Station on the Aichi Loop Railway. The south-facing 2SDK layout offers a floor area of 58.5 m² and a balcony area of 8.52 m². The building is equipped with an elevator, and the unit features a system kitchen and a 2-burner stove. In July 2023, renovations were completed for the wet areas (kitchen, bathroom, toilet, washroom, water heater) and interior (flooring, wallpaper replacement in all rooms). Land rights are ownership, and the zoning is Commercial Zone. The property is currently vacant and available for immediate handover. Nearby amenities include a bank (186 m, 3-minute walk), a post office (375 m, 5-minute walk), a convenience store (667 m, 9-minute walk), and commercial facilities (882 m, 12-minute walk).

Property Details

Building Area
58.5 ㎡
Layout
2SDK
2 bedrooms + storage room + dining kitchen
Structure
SRC
Built Year
1983
Floors
Floor 9 of 11
Earthquake Std.
To be confirmed
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
Commercial zone

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
株式会社サンリフレ
Owners' association
Yes
Total units
44 units

Utilities & nearby

To elementary school
about 1210 m
To junior high school
about 1210 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
5.06%
Est. Net Yield
1.84%

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)
0.8%
Net gain
+¥640,000
Gain on total investment +7.2%
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¥8,300,000+¥160,000¥-840,000-9.3%-9.3%
2yr¥8,300,000+¥330,000¥-670,000-7.5%-3.9%
3yr¥8,300,000+¥490,000¥-510,000-5.7%-2.0%
4yr¥8,300,000+¥660,000¥-340,000-3.8%-1.0%
5yr¥8,300,000+¥820,000¥-180,000-2.0%-0.4%
6yr¥8,300,000+¥990,000¥-10,000-0.1%0.0%
7yr¥8,300,000+¥1,150,000+¥150,000+1.7%0.3%
8yr¥8,300,000+¥1,320,000+¥320,000+3.5%0.5%
9yr¥8,300,000+¥1,480,000+¥480,000+5.4%0.6%
10yr¥8,300,000+¥1,640,000+¥640,000+7.2%0.8%

Assumptions

  • Total investment ¥8,954,900 (price ¥8,300,000 + purchase costs ¥654,900)
  • Management fee and repair reserve: ¥232,440 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.)
¥654,900
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥339,900
Real Estate Acquisition Tax (est., rate varies by property type)¥140,000
Registration License Tax (title transfer)¥70,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥100,000

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.

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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