Piazza Sari: A Well-Established Apartment Building Investment in Soja, Okayama
This property is a ten-unit apartment building named Piazza Sari, located at 507-1 Nakahara, Soja City, Okayama Prefecture. Constructed in January 2007, it is a two-story steel-framed building with a total floor area of 309.6 square meters, evenly split between the two floors. Each of the ten units features a 1K layout, comprising a 9-tatami mat Western-style room and a 4.1-mat kitchen. The building sits on a generous 694 square meter plot of land, which is rectangular, flat, and fully paved.
Critical agent notes provide essential details. The property's equipment and facilities include: water supply, sewerage, hot water supply, electricity, private toilet, separate bath and toilet, storage space, and a solar power generation system. Special notes on road access specify: one-sided road frontage to the south, with a public road width of 3.7 meters, a frontage of 38 meters, and the road is paved. A crucial remark states: "For inquiries, please contact Inoue's mobile at 090-8760-3000. All rooms: 10 units. Currently, 7 rooms are rented out (3 vacant rooms are being recruited). Assuming full occupancy, the surface yield is 8.5% (excluding income from solar power sales)." The solar power system itself has been in operation since May 2016 with a 20-year contract, generating an average annual income of approximately 350,000 yen.
The property includes parking for 11 vehicles, with one parking space provided free of charge. It is currently partially tenanted, presenting an investment opportunity with immediate income. The location is within a City Planning Area, zoned as Category I Low-Rise Exclusive Residential District.
Soja City is a historical area in Okayama, known as the former capital of the ancient Kibi Province. A major nearby landmark is the iconic Kibitsuhiko Shrine, dedicated to the legendary prince who, according to folklore, defeated the demon Ura. The property offers convenient access to the JR Kibi Line's Soja Station, approximately a 24-minute walk away.
