Exclusive Listing · Japan

Apartment Building in Kononishi, Saga Commercial Property in Kononishi 3-chome, Japan

Low-rise timber apartment buildings on freehold land, close to the main station in Saga

Price
JPY 78.00M
Completion
Completed

Introduction

Saga is a regional city in Kyushu, and this income property stands a short walk from its main JR station. It consists of low-rise timber apartment buildings completed in 1994, mostly compact one-room units with a loft. The majority of the units are let and the sale is an owner change with tenants in place. The land is flat, freehold residential land with on-site parking. It suits an investor who wants a running rental operation in a regional market.

Why This Opportunity

  • Tenants already in place

    Most units are let and the sale is an owner change, so a buyer inherits a running rental operation. The vacant units are restored to their original condition.

  • Spread across several units

    Income comes from many small units across more than one building. A single vacancy has little effect on the whole.

  • A short walk to the main station

    The JR station is about 13 minutes on foot, which supports demand for compact units from single occupants.

  • Freehold land

    The buyer owns the flat residential plot under the buildings, including a share of the private access road.

  • Equipment in each unit

    Each unit has air conditioning, a loft, a shower and a monitor intercom, and the exterior was repainted about ten years ago.

The Area

Where it is

Getting around

  • Saga Station (佐賀駅)

    Train station · JR Nagasaki Line; JR Karatsu Line · 1.0 km · 13 min walk · 38 min to Hakata Station

  • Saga Airport (佐賀空港)

    Airport · 16.3 km · 24 min drive

Nearby

  • Saga Medical Centre Koseikan (佐賀県医療センター好生館)

    Hospital with emergency department (救急科) · 5.8 km · 8 min drive

  • Yume Town Saga (ゆめタウン佐賀)

    Shopping centre · 2.7 km · 36 min walk

  • Saga Castle (佐賀城)

    Castle site and history museum · 3.2 km · 4 min drive

Schools

  • Kono Elementary School (佐賀市立神野小学校)

    Public elementary school (catchment school for Kononishi 1-4 chome) · Primary · 470 m · 6 min walk

  • Seisho Junior High School (佐賀市立成章中学校)

    Public junior high school (catchment school) · Junior high · 1.5 km · 20 min walk

  • Saga Nishi High School (佐賀県立佐賀西高等学校)

    Public high school · Senior high · 3.3 km · 4 min drive

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