ID: 335
Discover an excellent investment opportunity with this multi-tenant commercial property, the Sangenjaya Retail Building, located in the vibrant Setagaya Ward of Tokyo. This freehold land and building is strategically situated on Sakae-dori, a popular shopping street known for its daily pedestrianization from 16:00 to 18:00, ensuring high foot traffic. Built in 1985, the building comprises three above-ground floors and one basement level, offering a total of four self-contained units. The property benefits from a prime location, just a three-minute walk from Sangenjaya Station on the Tokyu Den-en-toshi Line, providing a direct 13-minute commute to Shibuya. All units are currently fully tenanted, with existing rents well below comparable market levels, indicating strong potential for increased rental income through ongoing rent reviews. The current projection suggests a gross yield of approximately 4.50%. The building boasts a total floor area of approximately 360 square meters on a land area of about 130 square meters, making it a compact yet highly functional commercial asset. This property is ideal for investors seeking diversified income streams within a high-demand Tokyo commercial district. Please note that there are no dedicated parking spaces or an elevator within the building.
