Apartment Information

• SYSTEM IDB-17479631743772703
• Address2-13-31 Shimanouchi, Chuo-ku, Osaka-shi, Osaka Prefecture
• Public transport4-minute walk from Nagahoribashi Station on the Osaka Metro Sakaisuji Line 8-minute walk from Kintetsu Nihonbashi Station on the Kintetsu Namba Line
• Structure of buildingSRC construction
• Land area
• Building's age12/1980 (44 years)
• Building area
• Land RightsOwnership
• Conditions of transactionsreal estate broker

Features / Facilities

What kind of image do you have when you think of Minami? I think you get the impression that it is an area with all sorts of attractions, such as sightseeing, shopping, and bars. In recent years, the number of foreign tourists visiting Japan has been increasing day by day since the COVID-19 pandemic, and it is also popular as a place where you can feel at the forefront of trends, with Instagram-worthy and TikTok-popular stores lining the streets. This property is located in Shimanouchi 2-chome, Chuo-ku, Osaka City, within walking distance of the still-developing Minami area, one of the top downtown areas in Osaka. "You can play in Minami and walk home"... that sounds good. Another advantage is that you can get to Umeda in one train by walking to Shinsaibashi Station, and it is obvious that there is a demand for rental properties in this area where you can easily enjoy the top two cities in Osaka (Minami and Umeda). The rental of this property has been in operation since February of this year, but we have heard that the owner put a lot of effort into renovating the private areas before the tenant moved in, including the bathroom (renovation cost: approximately 4 million yen), so the rental was smooth. As mentioned above, the property has been recently renovated, so there is no need for any major repairs in the future. This is a plus point. In the unlikely event that the property becomes vacant in the future, it will be easy to find a tenant, as it has already been renovated and has a spacious 2DK layout, so there is likely to be demand from single people and DINKS (double income no kids). As for the yield, our research shows that the net yield at the time of closing for similar properties in this area has been fluctuating between 5.0% and 5.4%, while this property currently boasts a high net yield of 5.5%. Considering the good location, the low risk of vacancy, and the higher yield than the market, this property has excellent specs. Selling price: 27,800,000 yenMonthly rental income: 154,000 yenAnnual rental income: 1,848,000 yenNet yield: 5.50%*In addition to management fees and repair reserves, separate water charges and a director contribution of 3,540 yen/month will be charged. If you would like to request detailed information or have any other inquiries, please feel free to contact Mr. Okumura, the property manager, no matter how trivial. Property manager: Shota OkumuraTelephone number: 090-5460-3563

Details

Selling price

27,800,000 JPY

Gross rate of return：6.64％

• Property nameCastile, Tokan Island
• Maintenance fee13,300 JPY
• Assumed annual income1,848,000 JPY
• The monthly fee for the repair reserve fund9,700 JPY
• Balcony area5.09m²
• The total number of houses1 Units
• Parking
• Exclusively owned area44.91㎡
• Directionfacing northeast
• Number of stories6 floor／10story
• Management systemCommission everything／day shift
• Zoning
• Conditions of transactionsreal estate broker
• As isFor rent
• Delivery dateConsultation
• Notification of land transactions
• Management Number
• Date of registration4/9/2025
• Note of caution