Ishida Building: A Prime Commercial Investment in Shinjuku, Tokyo
This commercial building, the Ishida Building, presents a significant investment opportunity in the heart of Tokyo's Shinjuku ward. Constructed in July 1991, this six-story steel-framed structure offers a substantial total floor area of approximately 189.59 square meters (about 57.35 tsubo) and is situated on a land plot of 66.60 square meters (about 20.14 tsubo). The property is currently tenanted, providing immediate rental income, and is available for owner change with immediate possession possible.
Critical property details from the agent notes include the road access situation: the property fronts a road to the north with a width of 8 meters and a frontage of 6 meters, and there is no designated position. The land is zoned for Quasi-Industrial use within the urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 300%. The land is flat and rectangular in shape. The land rights are based on an old-law leasehold (賃借権) with a deposit, a key money payment, and a lease period of 25 years with a monthly ground rent of 60,600 yen.
The building is conveniently located within an 8-9 minute walk from multiple major stations, including JR Sobu and Chuo-Sobu Line's Iidabashi Station, Tokyo Metro Tozai Line's Kagurazaka Station, and Toei Oedo Line's Ushigome-Kagurazaka Station. This offers excellent connectivity for both tenants and visitors.
