|Land with existing structure, 99.23 sqm|
Jingumae, Shibuya-ku, Tokyo
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 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.