Commercial Building Investment Opportunity in Yanagawa City
This commercial building, located in Yanagawa City's Kyomachi district, presents a significant investment opportunity with a high projected annual yield. The property is a three-story SRC (steel-reinforced concrete) structure built in March 1985, making it approximately 41 years old. It has a total floor area of 244.45 square meters (approximately 73.94 tsubo) situated on a land plot of 92.98 square meters (approximately 28.12 tsubo). The building is currently fully occupied and generating rental income.
Key features and agent notes highlight its investment potential. The property is offered as an owner change opportunity with a projected annual yield of 14% and an estimated annual income of 1,548,000 yen. It is important to note that this yield calculation is based on projected annual rental income against the acquisition cost before deducting taxes, public charges, and other necessary maintenance expenses, and does not guarantee the actual receipt of said income. The building is designated for shop and office use (the entire building) and consists of 3 units. There is no dedicated parking lot. The land is flat, rectangular, and located in an unzoned area (非線引区域) with residential land classification. The property is ready for immediate handover.
Special notes from the agent clarify that restaurants are not permitted (飲食店不可). The transaction is handled as a general intermediary (一般媒介). The current status is tenanted.
The property is situated in the historic city of Yanagawa, Fukuoka Prefecture, famous for its extensive network of canals often referred to as the "Venice of Japan." A major tourist attraction is the Yanagawa River Cruises, where punters in traditional flat-bottomed boats navigate the old castle moats and waterways, offering a unique glimpse into the city's samurai past. The building is within walking distance of Nishitetsu Yanagawa Station, providing access to the Nishitetsu Tenjin Omuta Line.
