Buy Property for Cross-Border Investment:

Yokohama Euro Tower 22F for ¥57,800,000 (2LDK Condo with Tenant)

Bashamichi Room Services for Overseas Buyers:

  • Setting up escrow account for purchasing processes, paying fees, paying rental income tax, receiving rent, and forwarding rent (minus taxes) to owner's overseas account.

  • Translation of contract documents, invoices, billing statements, etc.

  • Conducting purchase contract meeting via Zoom, Skype, etc., and interpreting discussed content with seller, seller's agent, and judicial scrivener.

  • Intermediary support between landlord and tenant.

  • Intermediary support between landlord and contractors for repairs, upgrades, etc.

  • Conduct tenant screening; processing rental contracts, lease renewals, lease termination requests, and move-out inspections.

  • Inspect vacant properties and pay utilities for owners not wanting to rent out their property (i.e. vacation-home use)

Yokohama Euro Tower 22F for ¥57,800,000 (2LDK Condo with Tenant)

  • 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)

Yokohama Chinatown

(1-minute walk)

Yamashita Park

(5-minute walk)

Yamashita Park

(5-minute walk)

Italian Restaurant

(3-minute walk)

Drug/Household Goods Store

(3-minute walk)

Cafe

(2-minute walk)

Northern Face of Condo

Eastern Face of Condo

Yokohama Euro Tower Placard

Yokohama Euro Tower Entrance

Photos: © 2022 Pix4Japan. All rights reserved. Photos used with permission.