Apartment Building Investment Opportunity in Utsunomiya, Tochigi
This property is an apartment building located in Utsunomiya City, Tochigi Prefecture. The building was constructed in August 1983 and features a lightweight steel structure. It sits on a substantial plot of land measuring 532.93 square meters (approximately 161.21 tsubo), with a total building area of 122.76 square meters (approximately 37.13 tsubo). The property is currently tenanted, representing an immediate income stream for a new owner.
Detailed translation of agent notes: The special notes regarding road access specify '一方道路 東 位置指定有'. This translates to the property having frontage on a single road to the east, with a designated location specification. This is a critical detail regarding the legal access and positioning of the land.
The property is situated within a City Planning Area designated as an urbanization zone. The land use zoning is First Category Residential District. The site coverage ratio is 60% with a floor area ratio of 200%. The land is registered as residential land (宅地) and the terrain is flat. Parking is available on-site. The transaction is a general intermediary sale, and the property will be transferred in its current tenanted condition.