Prime Development Land in Tokyo's Ueno District

This is a rare opportunity to acquire a prime development plot in the heart of Tokyo's vibrant Ueno district. The land, with a measured area of 54.14 sqm (approximately 16.37 tsubo), is offered with a leasehold right (old law tenancy right). The remaining lease period is 2 years and 3 months, expiring in May 2028, with a monthly ground rent of 36,000 yen. The site is designated as residential land within a commercial zone of the urbanization promotion area, offering high development potential with a building coverage ratio of 80% and a floor area ratio of 500%. No notification under the National Land Use Planning Act is required.

Critical agent notes provide essential details on access and conditions. The property is situated on a corner lot. The primary road frontage is to the east, facing a public road with a width of 11 meters and a contact frontage of 5.2 meters; however, it is noted that official position designation is not in place. A second access point is via a private road to the north, with a width of 3.4 meters and a contact frontage of 8.8 meters. The land is currently occupied by an old house, and the transfer of possession date is negotiable. There are no specific building conditions attached to the land. The remarks also clarify that the distances to elementary and junior high schools listed are not measured based on actual school routes.