Excellent geographical location and convenient transportation:• Extremely close to the station: It only takes 4 minutes to walk to the Hatagaya Station on the Keio New Line, making it a prime location conveniently adjacent to the station.
• Located in the core area of Shibuya Ward: It is situated in 2-chome, Hatagaya, Shibuya-ku, Tokyo, with an advantageous geographical location that boasts high asset value and strong rental demand.
Fully occupied and in operation, with strong and stable cash flow:• High Occupancy Rate (Fully Leased): At present, all 5 offices/shops in the building are 100% fully leased, and the total leasable area of 1,529.74 ㎡ has been completely rented out.
• High-Quality Tenant Profile: All incoming tenants are corporate tenants (such as sports-focused professional prep schools, cultural schools, etc.). Compared with individual tenants, corporate tenants have longer lease terms, higher stability, and stronger risk resistance.
• Considerable Returns: The current total monthly income is approximately JPY 7.538 million, and the total annual income is as high as approximately JPY 90.466 million (the expected gross yield at full occupancy is 3.39%).
Comes with rare high-spec parking spaces and additional income:• Ample parking spaces: The building is equipped with 10 parking spaces, a highly rare and corporate-facility in central Tokyo.
• High parking space occupancy rate: The parking space rental rate reaches 90% (9 units have been rented out), which can bring a stable additional income of 313,000 yen per month.
• Other income streams: The building also has 3 vending machines, which adopt a monthly variable revenue-sharing system to further diversify the property's income sources.
Superior land and building inherent conditions:• Large land area and wide frontage: The official registered land area is 861.61 ㎡ (approximately 260.63 tsubo); the property faces a public road on the southwest side, with a frontage of about 29.8 meters, giving the building's exterior and access path excellent openness and grandeur.
• Sturdy and code-compliant structure: Adopts highly earthquake-resistant reinforced concrete construction (RC construction), with 4 floors above ground and 1 floor underground; it also holds an "inspection completion certificate", which is a huge advantage when applying for bank loans or conducting subsequent asset reassessments.