Exclusive Listing · Japan

Apartment Building in Kasugacho, Matsue Commercial Property in Shimane, Japan

A fully let concrete apartment block on freehold land in Matsue, with on-site parking

Price
JPY 70.00M
Completion
Completed

Introduction

Matsue, in Shimane Prefecture, sits away from the main rail lines, and this property is set up for residents who drive or cycle. The asset is a four-storey reinforced concrete apartment block completed in 1988, made up of one-room apartments that each have a balcony, with parking and bicycle space on the plot. It stands on freehold residential land facing a public road and is offered with tenants in place. It suits an investor who wants a simple, uniform residential holding and is comfortable with an ageing concrete building.

Why This Opportunity

  • Let at handover

    Every apartment is currently leased, so the building changes hands with tenancies running. A buyer does not need to market the units before income begins.

  • Freehold land with road frontage

    The land is registered freehold and faces a public road with a generous frontage. This gives straightforward access for residents and deliveries.

  • Residential zoning

    The plot lies in an exclusive residential zone with stated limits on coverage and floor area. Permitted use is residential.

  • One repeated apartment type

    All homes share the same one-room layout with a separate kitchen and balcony. This keeps letting, upkeep and repair planning uniform across the block.

  • On-site parking

    Car spaces serve most of the apartments, with separate bicycle and motorcycle parking. This matters in a location reached by car rather than a short walk to a station.

The Area

Where it is

Getting around

  • Matsue Shinjiko-Onsen Station (松江しんじ湖温泉駅)

    Train station · Ichibata Electric Railway Kitamatsue Line · 2.1 km · 26 min walk

  • JR Matsue Station (松江駅)

    Train station · JR Sanin Main Line; Limited Express Yakumo · 3.3 km · 41 min walk · 2 h 36 min to Okayama Station

  • Izumo Enmusubi Airport (出雲縁結び空港)

    Airport · 25.5 km · 29 min drive

Nearby

  • Matsue Red Cross Hospital (松江赤十字病院)

    Hospital with ER · 2.4 km · 32 min walk

  • Matsue Castle (松江城)

    Landmark · 1.6 km · 22 min walk

  • Aeon Matsue Shopping Center (イオン松江ショッピングセンター)

    Shopping mall · 4.5 km · 6 min drive

  • Matsue City Hospital (松江市立病院)

    Hospital with ER · 7.5 km · 9 min drive

Schools

  • Uchinakahara Elementary School (松江市立内中原小学校)

    Public elementary school · Primary · 1.8 km · 23 min walk

  • Matsue Municipal No. 1 Junior High School (松江市立第一中学校)

    Public junior high school · Lower secondary · 2.2 km · 29 min walk

  • Shimane Prefectural Matsue Kita High School (島根県立松江北高等学校)

    Public high school · Upper secondary · 1.3 km · 17 min walk

  • Shimane University, Matsue Campus (島根大学 松江キャンパス)

    National university · University · 2.5 km · 33 min walk

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