For SaleCondominium

Grand Mid Towers Omiya Forest Tower

Shimo-cho 3-chome, Omiya-ku, Saitama-shi, Saitama
  • 20+ story building
  • 10th floor or higher
  • Pets negotiable
Asking Price
¥101,980,000
Grand Mid Towers Omiya Forest Tower - 1/2
1 / 2

Executive Summary

Grand Mid Towers Omiya Forest Tower is a condominium located in Shimo-cho 3-chome, Omiya-ku, Saitama-shi, Saitama, built in January 2011. It is a 30-story reinforced concrete (RC) building with a total of 944 units. Construction was conducted by Kajima Corporation, and the management is fully outsourced with a resident manager. Transit access is an 8-minute walk from Omiya Station on the Saikyo Line. The unit is a 2LDK located on the 13th floor, featuring a floor area of 61.4 sqm and a balcony area of 7.96 sqm. Common facilities include parking, bicycle parking, and motorcycle parking, and pets are subject to consultation. The land right is ownership, and the zoning is Commercial Zone. The property is currently vacant, and the handover timing is subject to consultation.

Property Details

Building Area
61.4 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
2011
Floors
Floor 13 of 30
Earthquake Std.
New Seismic Standard
Transport
  • Omiya Station
    JR Saikyo Line
    Walk 8 min
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
Commercial zone

Costs besides the price

Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Live-in
Owners' association
Yes
Total units
944 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
4.11%

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)
3.3%
Net gain
+¥34,320,000
Gain on total investment +31.5%
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¥101,980,000+¥4,470,000¥-5,910,000-5.4%-5.4%
2yr¥101,980,000+¥8,940,000¥-1,440,000-1.3%-0.7%
3yr¥101,980,000+¥13,410,000+¥3,030,000+2.8%1.0%
4yr¥101,980,000+¥17,880,000+¥7,500,000+6.9%1.8%
5yr¥101,980,000+¥22,350,000+¥11,970,000+11.0%2.3%
6yr¥101,980,000+¥26,820,000+¥16,440,000+15.1%2.6%
7yr¥101,980,000+¥31,290,000+¥20,910,000+19.2%2.9%
8yr¥101,980,000+¥35,760,000+¥25,380,000+23.3%3.0%
9yr¥101,980,000+¥40,230,000+¥29,850,000+27.4%3.2%
10yr¥101,980,000+¥44,700,000+¥34,320,000+31.5%3.3%

Assumptions

  • Total investment ¥108,871,340 (price ¥101,980,000 + purchase costs ¥6,891,340)
  • Management fee and repair reserve: ¥349,200 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.)
¥6,891,340
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥3,431,340
Real Estate Acquisition Tax (est., rate varies by property type)¥1,830,000
Registration License Tax (title transfer)¥910,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥660,000

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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