Japan-Property

This apartment was built in 2014, less than ten years old. The apartment is located in four-minute walk from the nearest train station on the east side of the property, Sakuragi-Cho Station of Yokohama Municipal Subway (YMS). Sakuragi-Cho is the gateway to Minato-Mirai District, the popular shopping, leisure and entertainment district on Port of Yokohama.
On the west side of the property lies Nogeyama district, which is filled with calm and quieter environments due to the large parks and residential architectures.
The apartment unit is currently rented out under a sublease contract. The sublease contract needs to be taken over by the new owner of the property. The existing annual income under the sublease contract is JPY953,928. The annual yield based on the current price tag is 4.56%.
This annual yield may be considered as a reasonable as this property is built by reinforced concrete structure which provides a longer life to the building and is less than ten years old.