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|Vacant land, 61.88 sqm|
Jingumae, Shibuya-ku, Tokyo
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.