For SaleCondominium

Park Tower Shinonome

Shinonome 1-chome, Koto-ku, Tokyo
Asking Price
¥112,000,000
Est. Net Yield: 1.83%
Park Tower Shinonome - 1/1
1 / 1

Executive Summary

This is an 11-story reinforced concrete condominium, Park Tower Shinonome, built in January 2014 and located in Shinonome 1-chome, Koto-ku, Tokyo. It is situated an 8-minute walk from Shinonome Station on the Tokyo Waterfront Area Rapid Transit Rinkai Line and a 9-minute walk from Tatsumi Station on the Tokyo Metro Yurakucho Line. The subject unit is on the 4th floor of a 585-unit building, with a floor area of 60.9㎡ and a 2LDK layout. Common facilities include an auto-lock system, delivery lockers, elevators (two or more), a common guest room, and a kids' room, while the unit features floor heating, a system kitchen, and a warm-water bidet toilet seat. Land rights are ownership, and the zoning is Category II Residential Zone. The property is currently tenanted, and handover timing is negotiable.

Property Details

Building Area
60.9 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
2014
Floors
Floor 4 of 11
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥2,880,000
Transport
  • Shinonome Station
    Tokyo Waterfront Area Rapid Transit
    Walk 8 min
  • Tatsumi Station
    Tokyo Metro Yurakucho Line
    Walk 9 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
7,541.4 ㎡
Land rights
Freehold
Zoning
Category 2 residential zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Total units
585 units

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Gross Yield2.57%
Est. Net Yield1.83%

Based on the rent under the current lease.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
2.57%
Est. Net Yield
1.83%
If sold after 10 years (before tax)
Annual return (IRR)
0.9%
Net gain
+¥10,470,000
Gain on total investment +8.8%
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¥112,000,000+¥2,180,000¥-9,190,000-7.7%-7.7%
2yr¥112,000,000+¥4,370,000¥-7,010,000-5.9%-3.0%
3yr¥112,000,000+¥6,550,000¥-4,820,000-4.0%-1.4%
4yr¥112,000,000+¥8,740,000¥-2,640,000-2.2%-0.6%
5yr¥112,000,000+¥10,920,000¥-450,000-0.4%-0.1%
6yr¥112,000,000+¥13,110,000+¥1,730,000+1.4%0.3%
7yr¥112,000,000+¥15,290,000+¥3,920,000+3.3%0.5%
8yr¥112,000,000+¥17,470,000+¥6,100,000+5.1%0.7%
9yr¥112,000,000+¥19,660,000+¥8,280,000+6.9%0.8%
10yr¥112,000,000+¥21,840,000+¥10,470,000+8.8%0.9%

Assumptions

  • Total investment ¥119,552,000 (price ¥112,000,000 + purchase costs ¥7,552,000)
  • Management fee and repair reserve: ¥537,360 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.)
¥7,552,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥3,762,000
Real Estate Acquisition Tax (est., rate varies by property type)¥2,010,000
Registration License Tax (title transfer)¥1,000,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥720,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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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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