Ankole Sakura Honcho: A Modern Investment Apartment Building in Nagoya
Presenting Ankole Sakura Honcho, a well-located four-unit apartment building in Nagoya's Minami Ward, offering a compelling investment opportunity. This property, built in September 2010 by Panahome Corporation, features a lightweight steel two-story structure with a total floor area of 161.92 sqm (approx. 48.98 tsubo) on a land area of 177.61 sqm (approx. 53.72 tsubo, including a setback of about 2 sqm). The building consists of four identical 1LDK units, each with a private area of 40.48 sqm, and includes one parking space. It is currently fully tenanted under a sub-lease arrangement.
Critical investment details from the agent notes have been translated: The yield is the ratio of annual rental income (including common service fees) to the selling price, calculated before deducting taxes, public levies, and other necessary maintenance costs. The assumed rent and assumed yield are calculated based on market rent, adding rent for vacant units to assume full occupancy. Please note that rental income is not guaranteed to be reliably obtained in the future. (Survey date: January 30, 2026). Furthermore, the property is currently under a sub-lease (requiring takeover of the lease agreements). Cancellation of the sub-lease requires three months. As the floor plan cannot be confirmed due to current tenancy, there may be discrepancies with the actual condition. As this is an owner-change property, interior viewings cannot be arranged. Your understanding is appreciated.
The property boasts excellent accessibility, being just a 5-minute walk from Sakura Honcho Station on the Nagoya Municipal Subway Sakura-dori Line, with Sakura Station (Meitetsu Nagoya Main Line) a 7-minute walk and Tsurumai Station (Sakura-dori Line) an 8-minute walk away. It is an all-electric building. The current annual rental income is 3,072,000 yen, providing a current yield of approximately 5.13%. With full occupancy post sub-lease cancellation, the assumed annual rent rises to 3,744,000 yen, offering a potential yield of about 6.26%.
The surrounding Minami Ward area is a vibrant residential and commercial district of Nagoya. An interesting local fact is that the nearby Sakura-dori Line is named after the cherry blossom (sakura), a symbol deeply embedded in Japanese culture. The area provides convenient daily living with supermarkets, parks, and clinics within walking distance. For a major tourist attraction, the historic and spectacular Nagoya Castle, a premier landmark of the city featuring its iconic golden dolphin-like shachihoko ornaments, is easily accessible via the subway system.
