Exclusive Listing · Japan
Apartment Building in Watarimachi, Nagaoka Commercial Property in Niigata, Japan
A six-storey reinforced-concrete apartment building with lift and parking, sold with tenants in place
- Price
- JPY 107.00M
- Completion
- Completed
Introduction
This six-storey reinforced-concrete apartment building stands in Nagaoka, a regional city in Niigata, about ten minutes' walk from the main rail station. It was completed in the late 1980s and mixes one-bedroom and two-bedroom layouts, with an elevator and a covered ground-floor car park with bicycle parking. Nearly all the homes are let, so a buyer takes over an operating building with a small number of vacant homes to fill. The freehold plot faces public roads on two sides and sits in a neighbourhood commercial district. It suits an investor looking for a complete income-producing building in a regional city.
Why This Opportunity
Largely let on purchase
The building is sold with tenants in place and almost all homes leased. A buyer acquires an operating building and has a few vacant homes to let.
Reinforced concrete with a lift
The six-storey reinforced-concrete frame has an elevator, which is a practical advantage for upper-floor homes.
Covered parking on site
A covered ground-floor car park and bicycle parking serve the residents, with part of the parking already let.
Two public roads and freehold land
The freehold plot faces public roads on two sides, one of them wide, giving good access for residents and service vehicles.
Ten minutes from the main station
The main rail station is about ten minutes away on foot, a practical distance for commuters.
The Area
Where it is
Getting around
Nagaoka Station (長岡駅)
Train station · Joetsu Shinkansen; JR Shinetsu Main Line; JR Joetsu Line · 800 m · 10 min walk · 1 h 39 min to Tokyo Station
Niigata Airport
Airport · 69.0 km · 54 min drive
Nearby
Nagaoka Red Cross Hospital (長岡赤十字病院)
Hospital with ER (emergency and critical care centre) · 2.2 km · 27 min walk
Aore Nagaoka (アオーレ長岡)
City hall, arena and civic plaza · 910 m · 11 min walk
Yukyuzan Park (悠久山公園)
Park · 5.0 km · 10 min drive
Schools
Sakanoue Elementary School, Nagaoka (長岡市立阪之上小学校)
Public elementary · Primary · 1.5 km · 18 min walk
Minami Junior High School, Nagaoka (長岡市立南中学校)
Public junior high · Lower secondary · 1.4 km · 18 min walk
Niigata Prefectural Nagaoka High School (新潟県立長岡高等学校)
Public high school · Upper secondary · 1.8 km · 23 min walk
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