|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 6.94% in 2018, after a 4.85% increase in 2017. This was the 5th year in a row to record a year-on-year increase in value. Land values are now up 26.7% from 2013.
At the Jingumae 3-5-44 survey site, land values increased for the 5th year in a row with an increase of 7.50% in 2018, following a 6.38% increase 2017. Land values are now up 29.5% from 2013 and up 146% from 2002.