New Orange House A & B: A Multi-Unit Apartment Building in Kurashiki, Okayama
This property is a two-building apartment complex known as New Orange House A and B, located in Kurashiki City, Okayama Prefecture. The buildings are situated in the Fukuda-cho Furushinden area, approximately a 24-minute walk from Tokiwa Station on the Mizushima Rinkai Railway. The property is currently tenanted, offering an investor the opportunity for an owner-change (オーナーチェンジ) with a current yield of approximately 10.08% and an annual rent of 6,550,000 yen.
The total land area is 912.99 square meters (approx. 276.18 tsubo), with a total building area of 653.76 square meters. Each of the two buildings is a two-story wooden structure, built in October 1993. The overall layout consists of 10 units, with a 3DK floor plan for each unit. The unit interiors include a 6-tatami Japanese-style room, a 6-tatami Western-style room, and a 6-tatami dining-kitchen area. The first floor of each building contains a kitchen and a Western-style room, while the second floor houses a Western-style room and a Japanese-style room, plus a service room.
The property is equipped with propane gas, a sewage system, air conditioning, a hot water supply, electricity, separate bath and toilet, a shower, and storage space. Parking is available for one car per unit free of charge. The land is under freehold ownership (所有権). The building coverage ratio and floor area ratio are not specified. The property is in a general intermediary sales agreement.
