For SaleCondominiumAkiya

Corporas Shinkawa

Shinkawa 2-chome, Suruga-ku, Shizuoka-shi, Shizuoka
Asking Price
¥9,800,000
Corporas Shinkawa - 1/14
1 / 14

Executive Summary

This is a 3rd-floor unit in Corporas Shinkawa, a 4-story reinforced concrete (RC) condominium building built in May 1981, located in Shinkawa 2-chome, Suruga-ku, Shizuoka-shi, Shizuoka. It is located a 20-minute walk from Shizuoka Station on the Tokaido Main Line. The floor area is 78 m2 with a 3LDK layout, facing southwest. The building is equipped with parking, free bicycle parking, and motorcycle parking. Land rights are ownership, and the zoning is Quasi-Industrial Zone. The property is currently vacant, and delivery is negotiable. Surrounding facilities include a convenience store 156 m away (2-minute walk), a park 224 m away (3-minute walk), a bank 402 m away (6-minute walk), a post office 463 m away (6-minute walk), and a commercial facility 755 m away (10-minute walk).

Property Details

Building Area
78.0 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1981
Floors
Floor 3 of 4
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
Negotiable

Land & legal restrictions

Land rights
Freehold
Zoning
Quasi-industrial zone

Costs besides the price

Parking
Yes · Free

Building management

Management type
Self-managed
Building manager
不在
Owners' association
Yes
Total units
16 units

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
3.25%

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)
2.3%
Net gain
+¥2,280,000
Gain on total investment +21.6%
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¥9,800,000+¥340,000¥-810,000-7.6%-7.6%
2yr¥9,800,000+¥690,000¥-460,000-4.4%-2.3%
3yr¥9,800,000+¥1,030,000¥-120,000-1.1%-0.4%
4yr¥9,800,000+¥1,370,000+¥220,000+2.1%0.6%
5yr¥9,800,000+¥1,720,000+¥570,000+5.4%1.1%
6yr¥9,800,000+¥2,060,000+¥910,000+8.6%1.5%
7yr¥9,800,000+¥2,400,000+¥1,250,000+11.9%1.8%
8yr¥9,800,000+¥2,740,000+¥1,600,000+15.1%2.0%
9yr¥9,800,000+¥3,090,000+¥1,940,000+18.4%2.1%
10yr¥9,800,000+¥3,430,000+¥2,280,000+21.6%2.3%

Assumptions

  • Total investment ¥10,554,400 (price ¥9,800,000 + purchase costs ¥754,400)
  • Management fee and repair reserve: ¥120,000 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.)
¥754,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥389,400
Real Estate Acquisition Tax (est., rate varies by property type)¥170,000
Registration License Tax (title transfer)¥80,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥110,000

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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