Exclusive Listing · Japan
Apartment Building in Namiki, Tsuchiura Commercial Property in Namiki 1-chome, Japan
Two light-steel apartment buildings on one freehold plot, with most units currently let
- Price
- JPY 125.00M
- Completion
- Completed
Introduction
Tsuchiura is a lakeside city in Ibaraki Prefecture with a main line rail station reached by bus. This income property is a pair of two-storey light-steel-frame apartment buildings completed in 2016, on a single freehold residential plot of about 826 square metres. Most of the units are currently occupied, with a small number vacant. Tenants have free parking and a covered bicycle shelter. It suits an investor looking for an established rental property on a freehold site with simple, repeated one-room units.
Why This Opportunity
Established tenancy
Most units are occupied today, so a buyer takes on an existing tenant base rather than starting a letting from scratch.
Vacant units to let
A small number of units are vacant, which gives a new owner room to set the letting terms.
Consistent 2016 construction
Both buildings date from 2016 and share the same light-steel-frame construction with a slate roof.
Parking and bicycle shelter
Tenant parking is free, and a covered bicycle shelter suits tenants who travel by bike to the bus stop.
Freehold land with road frontage
The land is freehold, with public roads on two sides.
The Area
Where it is
Getting around
Tsuchiura Station (土浦駅)
Train station · JR Joban Line · 3.8 km · 48 min walk · 1 h 4 min to Tokyo Station
Ibaraki Airport (茨城空港)
Airport · 30.9 km · 35 min drive
Nearby
Tsuchiura Kyodo General Hospital (土浦協同病院)
Hospital · 8.1 km · 12 min drive
AEON Mall Tsuchiura (イオンモール土浦)
Shopping mall · 4.5 km · 8 min drive
Lake Kasumigaura (霞ヶ浦)
Lake · 33.4 km · 50 min drive
Schools
Tsuwa Elementary School (土浦市立都和小学校)
Public elementary school · Primary · 2.1 km · 28 min walk
Tsuwa Junior High School (土浦市立都和中学校)
Public junior high school · Lower secondary · 2.3 km · 31 min walk
Ibaraki Prefectural Tsuchiura First High School (茨城県立土浦第一高等学校)
Public high school · Upper secondary · 1.4 km · 19 min walk
University of Tsukuba (筑波大学)
University · University · 11.1 km · 17 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.