Jingumae 5 Chome Land


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220,000,000 Yen
(3,555,000 Yen/sqm)
Vacant land, 61.88 sqm
Jingumae, Shibuya-ku, Tokyo
 ABOUT

This is a vacant block of land in the Jingumae 5 Chome address. It is in a prime position for a small retail/salon or residence and is just 60 meters behind the trendy shop-lined Cat Street. This shopping street winds its way from Omotesando Avenue down to the Shibuya Station area and is the hub for the latest trends and fashion.

The corner block of freehold land fronts onto a street on the north-west and north-east sides. Because this is a corner lot, a 10% allowance is given to the building footprint ratio, allowing a footprint of up to 70% instead of the usual 60% limit.

Sample building plans are available with an estimated construction cost of around 50 million Yen for a 93 sqm (1,000 sq.ft) concrete building with 2 floors aboveground and a basement. However, the buyer is free to use their own architect and build what they want (subject to city approval).

The land is zoned as a Category I Mid/High-Rise Oriented Residential Zone. This zone is designated for medium to high residential buildings. In addition to hospital and university buildings, certain types of shop buildings up to a limited floor size may be permitted.

Jingumae 4-14 Land

290,000,000 Yen
(2,923,000 Yen/sqm)
Land with existing structure, 99.23 sqm
Jingumae, Shibuya-ku, Tokyo
 ABOUT

This is a block of residential land in the Jingumae 4 Chome address. It is just 120 meters behind Omotesando Hills and 190 meters from Omotesando Avenue. 

The sale includes both the freehold and the existing structure (a house) to be provided in its current as-is condition for the buyer to demolish.

There are no building plans attached to this land and buyers are free to choose their own builder / architect.

The land is zoned as a Category I Mid/High-Rise Oriented Residential Zone. This zone is designated for medium to high residential buildings. In addition to hospital and university buildings, certain types of shop buildings up to a limited floor size may be permitted.

The land fronts onto a 3.79 ~ 3.88 meter wide public road on the north-western side.

Land values:

Land at a nearby Government Assessed Land Value survey site (Jingumae 4-18-7) had increased by 4.85% from 2016. This was the 4th year in a row to record a year-on-year increase in value. Land values are now up 18.5% from 2013.

At the Jingumae 3-5-2 survey site, land values increased for the 4th year in a row with an increase of 6.38% in 2017. Land values are now up 20.5% from 2013 and up 129% from 2002.

Jingumae 3-13 Land

248,000,000 Yen
(1,820,000 Yen/sqm)
Land with existing structure, 136.27 sqm
Jingumae, Shibuya-ku, Tokyo
 ABOUT

This is a block of land with existing structure (a house) located just 600 meters from Omotesando Hills and 600 meters from the tree-lined Omotesando Dori Avenue.

The sale is for the land as well as the existing structure (a house). The house was built in 1974. It is 2-storeys, has a total floor area of 133.22 sqm (1,433 sq.ft) and was built with reinforced concrete. Due to the age of the structure, no value is given to the house and it is assumed that a buyer will demolish and re-build. Demolition costs were estimated at around 6,700,000 Yen (including tax).

The land is zoned as a Category I Mid/High-Rise Residential Zone.

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