Exclusive Listing · Japan
Apartment Building in Gobyo, Yonezawa Commercial Property in Gobyo 1-chome, Japan
Two wooden apartment buildings on nearly 1,000 sq m of freehold land, sold with tenants
- Price
- From JPY 50.00M
Introduction
This pair of two-storey wooden apartment buildings stands together on a freehold site of about 984 sq m in Yonezawa, a regional city in Yamagata Prefecture. Both were completed in 1998 and together provide a registered floor area of about 437 sq m. The property is sold as an owner change with tenants in place, so a buyer takes over a building that is already let. The site fronts public streets on two sides and has an on-site parking area and bicycle parking, and the units are plain and practical, with wood flooring, fitted kitchens, built-in closets and balconies. It suits an investor who values the landholding and existing tenancy over a central-city address.
Why This Opportunity
Sold with tenants already in place
The sale is an owner change with the buildings let. The new owner inherits an operating rental property, and handover timing remains negotiable with the seller.
Nearly 1,000 sq m of freehold land
The registered site is about 984 sq m and held freehold, larger than the 437 sq m of buildings on it. That leaves land value and flexibility beyond the structures.
Two public frontages
The site meets public streets on two sides, giving separate points of access to the buildings.
Within walking distance of a rail station
A railway station is about 11 minutes on foot, which suits tenants who rely on rail rather than a car for daily travel.
Generous planning limits on the site
Zoning allows 60% building coverage and a 200% floor area ratio. These figures should be confirmed with the local authority before any change to the buildings.
Parking and bicycle storage on site
An on-site parking area with marked bays and bicycle parking are visible in the photographs, practical provision for a regional city where many residents own a vehicle.
The Area
Where it is
Getting around
Nishi-Yonezawa Station (西米沢駅)
Train station · JR Yonesaka Line · 880 m · 11 min walk · 2 h 57 min to Tokyo Station
Yonezawa Station (米沢駅)
Train station · Yamagata Shinkansen; Ou Main Line · 3.5 km · 6 min drive · 2 h 11 min to Tokyo Station
Yamagata Airport
Airport · 71.3 km · 56 min drive
Nearby
Yonezawa City Hospital (米沢市立病院)
Municipal general hospital (emergency department) · 3.3 km · 7 min drive
Uesugi Shrine (上杉神社)
Shrine and castle-ruins park · 1.5 km · 19 min walk
Yonezawa University Museum Uesugi (米沢市上杉博物館)
Museum · 1.9 km · 23 min walk
Schools
Yonezawa Seibu Elementary School (米沢市立西部小学校)
Public elementary school · Primary · 380 m · 5 min walk
Yonezawa No. 3 Junior High School (米沢市立第三中学校)
Public junior high school · Lower secondary · 2.0 km · 24 min walk
Yonezawa Kojokan High School (山形県立米沢興譲館高等学校)
Public high school · Upper secondary · 4.8 km · 6 min drive
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Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.