• Address: 76-4 Yamashitachō, Naka Ward, Yokohama, Kanagawa 231-0023 (Google Maps  Link)

• Neighborhood: Mixed-use of residential and commercial facilities including art galleries, shops, hotels, cafes, condominiums, municipal offices, etc. There are no heavy industry or manufacturing sites nearby.

• Structure: Reinforced concrete with 1 floor below ground and 27 floors above ground.

• Property rights: Freehold

• Construction: Completed in August 2004 by Tokyu Construction K.K.

• Floor plan/layout: 2LDK

  • Bedroom 1: 6.3 jo (approx. 10.41 sqm)

  • Bedroom 2: 5.3 jo (approx. 8.76 sqm)

  • Kitchen: 3.5 jo (approx. 5.79 sqm)

  • Living/Dining: 12.0 jo (approx. 19.83 sqm)

  • Two balconies facing southwest and southeast.

• Floorspace: 62.65 sqm with 8.79 sqm for the balcony.

• Units in building: 98

• Building management company: Daiwa Real Estate Community Life Co., Ltd.

• Building maintenance staffing:  Available during daytime via outsourced staffing agency.

• Occupancy: Currently occupied by tenant paying ¥210,000/month.

• Pets: Building allows pets with some restrictions on type and size.

• Non-residential use: Prohibited

Running Costs

• Common area maintenance fee: ¥28,010/month paid to building management company

• Reserve fund for long-term repairs: ¥17,670/month paid to homeowners association and managed in partnership with building management company.

• Internet access: ¥934/month

• Parking

  • Passenger vehicle: Available at no additional charge.

  • Bicycle: Available. Available at no additional charge.

  • Motorcycle: Available at ¥1,200/month.

• Bashamichi Room property management fee: 5% of rent (¥10,500/month)

• Property tax: ¥152,000 (FY 2022)

Amenities

• Motomachi-Chukagai Station: 3-minute walk (Minatomirai Line)

• Ishikawacho Station: 10-minute walk (JR Keihin-Tohoku/Negishi Line)

• Yamashita Park: 5-minute walk

• Building includes parcel delivery lockers and auto-lock lobby.

Listed price: ¥57,800,000

Brokerage fee + tax: ¥1,973,400

Stamp tax: ¥10,000

Real estate registration tax (approximate): 2％ of asset value*

Fixed asset tax: 1.4％ of total asset value:*

City planning tax: 0.3％ of total asset value*

Approximate Total Cost: ¥61,268,000 〜 ¥61,846,000

Estimated gross yield: 4.35% (as of December 8, 2022)

Annual rental income: ¥2,520,000 (as of December 8, 2022)

* Total cost of ancillary taxes and fees will be between 6% and 7% of the listed price. Asset Value, which can fluctuate on a yearly basis, is substantially lower than the listed Market Value. Actual tax is calculated annually by local legal affairs bureau once a year. Exact amount of tax is not known until the municipality sends out the tax bills at the end of the fiscal year.

Inquire HERE using this contact form or call 045-663-2208 | 080-9511-7860

You can also email directly at robert@basyamichijisyo.com

(Closed Tuesday and Wednesdays | Hours 10:00 to 19:00)