New King Building / Whole Building (10 tenants), Urasoe photo 1

Outdoor: Exterior

New King Building / Whole Building (10 tenants), Urasoe photo 2

Outdoor: Exterior

New King Building / Whole Building (10 tenants), Urasoe photo 3

Outdoor: Exterior

New King Building / Whole Building (10 tenants), Urasoe photo 4

Outdoor: Exterior

New King Building / Whole Building (10 tenants), Urasoe photo 5

Outdoor: Exterior

New King Building / Whole Building (10 tenants), Urasoe photo 6

Outdoor: Exterior

New King Building / Whole Building (10 tenants), Urasoe photo 7
New King Building / Whole Building (10 tenants), Urasoe photo 8
New King Building / Whole Building (10 tenants), Urasoe photo 9
New King Building / Whole Building (10 tenants), Urasoe photo 10
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New King Building / Whole Building (10 tenants), Urasoe

Okinawa - Urasoe-shi

Price¥160m
TypeRetail Shop
Area158.8 m²
Bed-
Bath-
Back Property

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Property Information

A reinforced concrete building with six floors above ground and one basement on a corner lot facing Yafuso Odori in Urasoe, with all 10 units currently leased (per the listing materials). - Price: ¥159,900,000; gross yield 7.70% - Full-occupancy annual income: ¥12,325,912 (rent, common-area and water charges for 10 units ¥11,535,912; rooftop mobile-phone antenna ¥660,000; ground rent ¥130,000); annual operating expenses ¥2,174,213; NOI ¥10,151,699 (6.34%), as stated in the listing materials - Access: Yafuso bus stop 1 minute walk (152 m); approx. 2.9 km from Urasoe-Maeda Station and 3.1 km from Furujima Station (Yui Rail) - Land: 158.80㎡ (surveyed), freehold, residential land; corner lot with road frontage on two sides; part of the land is leased to a third party (the owner is the lessor) - Building: reinforced concrete, flat roof, 6 floors above ground and 1 below, completed October 1990, total floor area 542.69㎡; building confirmation and completion inspection certificate obtained (built to the post-1981 seismic standard) - Equipment: elevator (renewed May 2020); public water, public sewer, propane gas - Zoning: commercial zone, building coverage 80%, floor area ratio 400% - Conditions: sale based on the registered area, handed over as is; the seller is exempt from liability for non-conformity (defects) - Handover: negotiable

Transportation

Urasoe Maeda

Approx. 2.9 km from Urasoe-Maeda Station (Okinawa Urban Monorail / Yui Rail); Yafuso bus stop 1 minute walk(Yui Reeru)

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Features

Elevator
Corner Room

Other Information

Land Area158.8 m²
Land RightOwnership
ZoningCommercial
Building Area Ratio80%
Facility Orientation-
StructureReinforced Concrete (RC)
Ground Level Floors6
Building Area542.69 m²
Available From-
Floor Area Ratio400%
Transaction TypeBrokerage
Year Built1990
Underground Floors-
Total Units/ Guest Rooms10

Monthly Expenses

Management Fee-
Repair Reserve Fund-
Car Parking-
Bicycle Parking-
Others-
Total-

Pricing & Expenses

159,900,000

USD: $1,007,370.00

Price Per Sqm: 1,006,926.95

All real estate transactions will be settled in Japanese yen (JPY).

USD equivalent (indicative only)

Rate type: Variable (indicative reference rate)

Exchange rate: 1 USD = 158.73 JPY

Reference year: 2026

Exchange rates fluctuate. The USD figures shown use the reference rate and year above for illustration only.

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¥159,900,000

USD: $1,007,370.00

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