Exclusive Listing · Japan
Apartment Building in Hanzaki, Wakayama Commercial Property in Japan
Three low-rise light-steel apartment blocks sold with tenants in place, on freehold land with on-site parking
- Price
- JPY 120.00M
- Completion
- Completed
Introduction
Wakayama is a regional city in western Japan, and this residential estate sits about a 14-minute walk from a local railway station on the JR network. Three two-storey light-steel apartment blocks, completed in 1991, stand on about 1,990 square metres of freehold land. Every unit follows the same three-room Japanese layout with a dining kitchen, bathroom and balcony, and open parking sits between the blocks. The estate is sold with tenants in place and some units vacant, and it suits an investor wanting a multi-unit residential holding with room to improve occupancy.
Why This Opportunity
Sold with tenants in place
The estate transfers as an owner change with most units occupied, according to the sales materials. The vacant units give scope to raise occupancy.
One layout across the estate
Every unit is the same three-room layout with a dining kitchen and balcony. That keeps letting, maintenance and tenant selection straightforward.
Freehold land with a public road
The land is held freehold, is registered as several lots and has no private-road burden. A public road runs along one side.
On-site parking
Marked parking bays sit between the blocks. In a car-oriented residential area this is a practical advantage for tenants.
The Area
Where it is
Getting around
Fuseya Station (布施屋駅)
Train station · JR Wakayama Line · 1.1 km · 14 min walk · 1 h 26 min to Osaka Station
Kansai International Airport (関西国際空港)
Airport · 33.4 km · 37 min drive
Nearby
Japanese Red Cross Wakayama Medical Center (日本赤十字社和歌山医療センター)
Hospital with ER · 12.3 km · 25 min drive
Wakayama Castle (和歌山城)
Landmark · 11.8 km · 24 min drive
AEON Mall Wakayama (イオンモール和歌山)
Shopping mall · 15.4 km · 23 min drive
Schools
Takazumi Junior High School (和歌山市立高積中学校)
Public junior high school · Lower secondary · 1.2 km · 16 min walk
Yamaguchi Elementary School (和歌山市立山口小学校)
Public elementary school · Primary · 4.0 km · 6 min drive
Wakayama Prefectural Wakayama High School (和歌山県立和歌山高等学校)
Public high school · Upper secondary · 2.6 km · 35 min walk
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