For SaleCondominium

Grace Nippori

Higashi-Nippori 6-chome, Arakawa-ku, Tokyo
Asking Price
¥32,000,000
Est. Net Yield: 3.64%
Grace Nippori - 1/1
1 / 1

Executive Summary

This 4th-floor unit in Grace Nippori, a 5-story steel-framed condominium built in March 1987, is located in Higashi-Nippori 6-chome, Arakawa-ku, Tokyo. Transportation access includes a 6-minute walk from Nippori Station on the Nippori-Toneri Liner, a 7-minute walk from Mikawashima Station on the Joban Line, and an 8-minute walk from Nippori Station on the Narita SKY ACCESS line. The unit features a floor area of 41.5 sqm, a south-facing 2DK layout, and natural lighting from two sides. Building and unit amenities include an elevator, auto-lock system with monitor, security cameras, 24-hour security, delivery boxes, a bathroom dryer, and a two-burner stove. The building contains 33 units in total, with fully outsourced management (day shift). The land right is ownership, and the zoning is Quasi-Industrial Zone. The property is currently tenanted, and handover timing is open for consultation.

Property Details

Building Area
41.5 ㎡
Layout
2DK
2 bedrooms + dining kitchen
Structure
Steel
Built Year
1987
Floors
Floor 4 of 5
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,620,000
Transport
  • Nippori Station
    Nippori-Toneri Liner
    Walk 6 min
  • Mikawashima Station
    Joban Line
    Walk 7 min
  • Nippori Station
    Narita SKY ACCESS Line
    Walk 8 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

Land rights
Freehold
Zoning
Quasi-industrial zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
東急コミュニティー
Total units
33 units

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

Location & Map

Investment Analysis

Gross Yield5.06%
Est. Net Yield3.64%

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
5.06%
Est. Net Yield
3.64%
If sold after 10 years (before tax)
Annual return (IRR)
2.8%
Net gain
+¥9,100,000
Gain on total investment +26.6%
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¥32,000,000+¥1,250,000¥-2,110,000-6.2%-6.2%
2yr¥32,000,000+¥2,490,000¥-860,000-2.5%-1.3%
3yr¥32,000,000+¥3,740,000+¥380,000+1.1%0.4%
4yr¥32,000,000+¥4,980,000+¥1,630,000+4.8%1.2%
5yr¥32,000,000+¥6,230,000+¥2,870,000+8.4%1.7%
6yr¥32,000,000+¥7,470,000+¥4,120,000+12.0%2.1%
7yr¥32,000,000+¥8,720,000+¥5,370,000+15.7%2.3%
8yr¥32,000,000+¥9,970,000+¥6,610,000+19.3%2.5%
9yr¥32,000,000+¥11,210,000+¥7,860,000+23.0%2.7%
10yr¥32,000,000+¥12,460,000+¥9,100,000+26.6%2.8%

Assumptions

  • Total investment ¥34,222,000 (price ¥32,000,000 + purchase costs ¥2,222,000)
  • Management fee and repair reserve: ¥285,240 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.)
¥2,222,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,122,000
Real Estate Acquisition Tax (est., rate varies by property type)¥570,000
Registration License Tax (title transfer)¥280,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥240,000

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)
Inquire