Investment Opportunity: Owner Change for High-Yield Condominium in Shima, Mie

This listing presents a compelling investment opportunity: an owner change for a currently tenanted 1LDK condominium unit located in the scenic Shima City, Mie Prefecture. The property is generating a strong annual rental income of 420,000 yen, translating to a high surface yield of approximately 18%. The unit is situated on the 9th floor of an 11-story steel-framed building constructed in June 1990.

The apartment features a functional 1LDK layout with a 7.5-tatami mat Japanese-style room and a combined living, dining, and kitchen area of 10.6 tatami mats. The total private floor area is 51.05 sqm (approximately 15.44 tsubo), complemented by a 9.23 sqm balcony facing north. Key equipment includes an IH cooking heater, air conditioning, an indoor washing machine space, and propane gas. The building is equipped with an elevator. Recent renovations completed in August 2024 include a full interior wallpaper replacement and updates to the water system, including a new water heater. Please note that as the unit is currently tenanted, interior viewings are not possible. The transaction will be 'as-is' and exempt from liability for non-conformities in the contract.

The property is located in the Ōdomari district of Shima City, an area renowned for its stunning coastal landscapes as part of the Ise-Shima National Park. A major nearby landmark is the historic Ise Jingu (Ise Grand Shrine), one of Shinto's most sacred sites, located approximately 30 kilometers north. The area offers a unique blend of natural beauty and cultural significance. Monthly running costs include a management fee of 13,620 yen and a repair reserve fund of 5,320 yen. The annual fixed asset tax is 57,800 yen (based on the Reiwa 7 fiscal year tax statement).