Sky Court Vantean Shinagawa: A Compact Investment Opportunity in a Prime Tokyo Location
This property is a one-room apartment located on the 2nd floor of a 5-story reinforced concrete building in Shinagawa Ward, Tokyo. The unit features a wall-core exclusive area of 16.5 sqm (approximately 4.99 tsubo), with a layout comprising a 5.4-tatami mat Western-style room and an additional 1.5-tatami mat space. A balcony of 2.51 sqm with a northern exposure is included. The building itself, constructed in November 1991 by Daiwa Construction Co., Ltd., spans a total floor area of 3,026.01 sqm on a site of 1,649.51 sqm and contains 74 units. Management is fully delegated to Sky Service Co., Ltd., with an on-site daytime superintendent and an active management association.
Key equipment and features of the property include a bathroom dryer, closet, air conditioning, an indoor washing machine space, an auto-lock building entrance, and a monitor-equipped auto-lock system. The property is currently tenanted under an older law tenancy right, which presents a specific ownership change scenario. The tenant holds a leasehold right of 504.24 sqm (remaining until January 29, 2063) and a site right of 1,145.27 sqm, with a ratio of 1650/291302. The property is sold 'as-is' (現況有姿) with a disclaimer for non-conformity liability (契約不適合責任免責). The building is equipped with an inspection system, defect insurance, and a performance evaluation guarantee.
The property is situated in a Category I Exclusive Residential Zone. The monthly running costs include a management fee of 6,000 yen and a repair reserve fund of 1,200 yen, with an additional monthly land charge of 905 yen. The projected annual rental income is 804,000 yen, yielding an estimated annual return of 5.36%.
The Nishi-Shinagawa area offers a quiet residential atmosphere while being exceptionally well-connected. It is within an 11-minute walk from JR Yamanote Line's Osaki Station, a 10-minute walk from the Tokyo Waterfront Area Rapid Transit's Osaki Station, and an 11-minute walk from the Tokyu Oimachi Line's Shimo-Shinmei Station. This provides easy access to major business and entertainment hubs across Tokyo. An interesting local fact is that the nearby Meguro River is famous for its stunning cherry blossom tunnels in spring, attracting visitors from all over. The area is also a short train ride from the iconic Tokyo Tower, a major landmark and observation deck offering panoramic views of the metropolis.
