Presence Olivier 2nd Floor: An Investment Apartment in Fukuyama
This property is a second-floor apartment within the Presence Olivier building, located in Fukuyama City, Hiroshima Prefecture. The unit offers a 1LDK layout with a total private floor area of 43.34 square meters, complemented by an 8.4 square meter balcony. Constructed in November 1990, the building is a 5-story reinforced concrete structure with convenient facilities including an elevator, an auto-lock security system, a delivery box, separate bath and toilet, a laundry machine space, a walk-in closet, and a bicycle parking area.
Critical agent notes provide essential investment details. This is an owner-change property currently under a sub-lease contract, with an annual rental income of 428,000 yen (based on a monthly rent of 35,700 yen). It offers a gross yield of 9.52% and a net yield of 4.39%. Please note that parking is arranged by the tenant through a personal contract. The annual fixed asset tax is approximately 58,500 yen. Additional monthly fees include a 6,000 yen management fee and an 8,360 yen reserve fund contribution.
The apartment is situated in the Tajirome district of Fukuyama, a city with a rich samurai heritage centered around the impressive Fukuyama Castle. The castle, a reconstructed keep, is a major tourist attraction and serves as a museum and park, offering panoramic views of the city. The area provides a blend of historical charm and modern convenience, with good local amenities and access to wider Hiroshima Prefecture.
