For SaleCondominium

Business Heights Kawaguchi

Saiwaicho 3-chome, Kawaguchi-shi, Saitama
  • Office use allowed
  • Corner unit
Asking Price
¥12,000,000
Est. Net Yield: 4.02%
Business Heights Kawaguchi - 1/5
1 / 5

Executive Summary

This is a 4th-floor unit in "Business Heights Kawaguchi," an 8-story steel reinforced concrete (SRC) condominium built in November 1974, located in Saiwaicho 3-chome, Kawaguchi-shi, Saitama. Access is a 9-minute walk from Kawaguchi Station on the Keihin-Tohoku/Negishi Line, a 20-minute walk from Kawaguchi-motogo Station on the Saitama Rapid Railway, and a 23-minute walk from Nishi-Kawaguchi Station on the Keihin-Tohoku/Negishi Line. The unit features a floor area of 24.7 sq m with a 1DK layout, being a corner unit with lighting from two sides in all rooms. Key facilities and features include an elevator, air conditioner, indoor washing machine space, optical fiber, city gas, and flooring in all rooms, and office use is permitted. The land right is ownership, and the zoning is Commercial Zone. The current status is vacant, and handover is immediate. Surrounding facilities include an elementary school at 123 m (2-minute walk), a kindergarten/nursery at 174 m (3-minute walk), a convenience store at 224 m (3-minute walk), a commercial facility at 368 m (5-minute walk), and a post office at 378 m (5-minute walk).

Property Details

Building Area
24.7 ㎡
Layout
1DK
1 bedroom + dining kitchen
Structure
SRC
Built Year
1974
Floors
Floor 4 of 8
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥960,000
Transport
  • Kawaguchi Station
    JR Keihin-Tohoku/Negishi Line
    Walk 9 min
  • Kawaguchi-motogo Station
    Saitama Railway Line
    Walk 20 min
  • Nishi-Kawaguchi Station
    JR Keihin-Tohoku/Negishi Line
    Walk 23 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

Land rights
Freehold
Zoning
Commercial zone

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
菱サ・ビルウェア

Utilities & nearby

Gas
City gas
To elementary school
about 123 m
To junior high school
about 1697 m

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

Location & Map

Investment Analysis

Gross Yield8%
Est. Net Yield4.02%

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
8.00%
Est. Net Yield
4.02%
If sold after 10 years (before tax)
Annual return (IRR)
3.1%
Net gain
+¥3,810,000
Gain on total investment +29.5%
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¥12,000,000+¥520,000¥-860,000-6.6%-6.6%
2yr¥12,000,000+¥1,040,000¥-340,000-2.6%-1.3%
3yr¥12,000,000+¥1,560,000+¥180,000+1.4%0.5%
4yr¥12,000,000+¥2,070,000+¥700,000+5.4%1.4%
5yr¥12,000,000+¥2,590,000+¥1,220,000+9.4%2.0%
6yr¥12,000,000+¥3,110,000+¥1,740,000+13.5%2.3%
7yr¥12,000,000+¥3,630,000+¥2,250,000+17.5%2.6%
8yr¥12,000,000+¥4,150,000+¥2,770,000+21.5%2.8%
9yr¥12,000,000+¥4,670,000+¥3,290,000+25.5%3.0%
10yr¥12,000,000+¥5,180,000+¥3,810,000+29.5%3.1%

Assumptions

  • Total investment ¥12,902,000 (price ¥12,000,000 + purchase costs ¥902,000)
  • Management fee and repair reserve: ¥388,800 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.)
¥902,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥462,000
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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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.

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