For SaleCondominium

Kent Palace Hamamatsu

Tenno-cho, Chuo-ku, Hamamatsu-shi, Shizuoka
  • Corner unit
  • Pets negotiable
Asking Price
¥11,900,000
Kent Palace Hamamatsu - 1/21
1 / 21

Executive Summary

This is a 2nd-floor unit in Kent Palace Hamamatsu, a 6-story reinforced concrete (RC) condominium built in February 1990, located in Tenno-cho, Chuo-ku, Hamamatsu-shi, Shizuoka. It is situated a 29-minute walk from Tenryugawa Station on the Tokaido Main Line and a 38-minute walk from Hikuma Station on the Enshu Railway. The unit is a west-facing 2LDK corner unit with a floor area of 58.6 sqm and a balcony area of 7.03 sqm, equipped with an elevator, monitor-equipped intercom, system kitchen, and warm-water bidet toilet seat. In June 2024, renovations of the plumbing and wet areas (kitchen, bathroom, toilet, washroom) and interior finishes (fixtures/doors, walls, ceilings) were completed. The land rights are ownership, and the zoning is Category I Residential Zone. The property is currently vacant and available for immediate handover. Surrounding facilities include a convenience store (145 m, 2-minute walk), supermarket (216 m, 3-minute walk), drugstore (314 m, 4-minute walk), bank (392 m, 5-minute walk), and post office (483 m, 7-minute walk). Pet consultation is available.

Property Details

Building Area
58.6 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1990
Floors
Floor 2 of 6
Earthquake Std.
New Seismic Standard
Transport
  • Tenryugawa Station
    Tokaido Main Line
    Walk 29 min
  • Hikuma Station
    Enshu Railway Line
    Walk 38 min
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

Site area (whole building)
1,918.0 ㎡
Land rights
Freehold
Zoning
Category 1 residential zone

Costs besides the price

Other costs
自治会費: ¥300 per month
Other costs
固定資産税(令和7): ¥60,900 per year
Parking
近有 · 駐車場3台分以上 · 敷地内:空き無し

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
日本ハウズイング株式会社
Owners' association
Yes
Total units
49 units

Utilities & nearby

Gas
City gas
Drainage
Public sewer
To elementary school
about 1006 m
To junior high school
about 1568 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
5.04%
Est. Net Yield
2.54%

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)
1.5%
Net gain
+¥1,890,000
Gain on total investment +14.7%
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¥11,900,000+¥330,000¥-1,040,000-8.1%-8.1%
2yr¥11,900,000+¥650,000¥-720,000-5.6%-2.9%
3yr¥11,900,000+¥980,000¥-390,000-3.1%-1.1%
4yr¥11,900,000+¥1,300,000¥-70,000-0.5%-0.1%
5yr¥11,900,000+¥1,630,000+¥260,000+2.0%0.4%
6yr¥11,900,000+¥1,950,000+¥580,000+4.6%0.8%
7yr¥11,900,000+¥2,280,000+¥910,000+7.1%1.1%
8yr¥11,900,000+¥2,600,000+¥1,240,000+9.7%1.3%
9yr¥11,900,000+¥2,930,000+¥1,560,000+12.2%1.4%
10yr¥11,900,000+¥3,250,000+¥1,890,000+14.7%1.5%

Assumptions

  • Total investment ¥12,798,700 (price ¥11,900,000 + purchase costs ¥898,700)
  • Management fee and repair reserve: ¥241,680 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.)
¥898,700
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥458,700
Real Estate Acquisition Tax (est., rate varies by property type)¥210,000
Registration License Tax (title transfer)¥100,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥120,000

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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