Property Overview: La Meru Higashishimada, Okayama City
This property is a multi-unit building for sale located in the Higashishimada-cho 1-chome area of Kita-ku, Okayama City, Okayama Prefecture. The building, named La Meru Higashishimada, is a seven-story reinforced concrete (RC) structure completed in September 1988. It comprises a total of 19 residential units.
The building sits on a land area of 128.18 square meters (approximately 38.77 tsubo), with a total floor area of 378.89 square meters (approximately 114.61 tsubo). The property is zoned for commercial use within the urbanized area, with a building coverage ratio of 80% and a floor area ratio of 400%. The land is flat and faces a north-side public road with a width of 5.4 meters and a frontage of 19 meters, which is paved.
Utility connections include city gas, a public water supply, a public sewer system, and roadside gutters. Parking is available for one vehicle, free of charge, in a self-propelled (flat) style. The parking space is designated for use by the first-floor shop. The property is currently tenanted and is being sold as an owner-change (オーナーチェンジ) investment, offering a current yield of 8.46% with an annual rent of 17,780,000 yen. The property is ready for immediate transfer.
