Investment Opportunity in Seto City: A 1970s House with Strong Rental Yield
This property presents a unique investment opportunity as an owner-change property, currently tenanted and generating a stable income. The house is a single-story wooden structure built in May 1970, offering a 3DK layout. The layout comprises three Western-style rooms of 6 tatami mats, 6 tatami mats, and 4.5 tatami mats, along with a 9.5-tatami mat dining-kitchen area. The property sits on a generous 208.26 sqm (approximately 62.99 tsubo) plot of land, with a building area of 59.43 sqm (approximately 17.97 tsubo). The land is designated as residential land in an unzoned area with a building-to-land ratio of 60% and a floor area ratio of 200%.
Key features and equipment include propane gas and a septic tank system. A special note confirms this is an owner-change property, currently rented, with an impressive annual projected yield of 12.0%. The annual projected rental income is 468,000 yen. The property is ready for immediate handover and includes parking for three or more vehicles. The land is flat and has road frontage to the east with a width of 2 meters on a public road, though a setback is required.
The property is located in the Kamishinano-cho area of Seto City, Aichi Prefecture. Seto City is historically famous as one of Japan's major centers for ceramics and pottery, often referred to as the "Ceramic Town." The area offers convenient access to daily necessities with shopping facilities like Barro Shinano store and several convenience stores nearby. For a significant cultural and tourist experience, the historic and scenic Seto-Gura (Seto Kiln) Museum complex, which celebrates the city's ceramic heritage, is a major attraction within the city.
