| 195,000,000 Yen (1,539,000 Yen/sqm) | 2-Bedrooms + 1 Bathroom, 126.70 sqm Jingumae, Shibuya-ku, Tokyo |
| ABOUT |
Co-op Olympia is a vintage apartment building located in a prime position in the heart of Harajuku. It is across the street from Harajuku Station and Yoyogi Park.
This was one of the very first luxury apartment buildings in Tokyo. When new, apartments were priced from 30 ~ 120 million Yen and were purchased by only the wealthiest businesspeople and celebrities. It was completed in 1965, just after the Tokyo Olympics which were held close-by. Its proximity to several of the Olympic sporting venues provided the inspiration for the building name.
The building has become a landmark for the area due to its unique design and prime location, and is a highly sought-after vintage residence / office location.
This is a 2-Bedroom maisonette-style apartment on the 7th and 8th floors. It is east and west facing with a living area located downstairs on the western side. The interior needs updating.
Possible future construction on the western side of this building could affect views.
The building is self-managed.
There have been discussions about redeveloping this building since 2004 but there has been difficulty obtaining agreement from enough of the apartment owners.
*Please note that there is a possibility that this building exceeds current building height limits for this area. Unless allowances can be obtained, it is possible that a new building could not be built to the same size as the current building, resulting in smaller apartments for existing landowners. The current building was built to a 600% ratio, while current building capacity ratios are 450%.
- The building was built to the old earthquake codes (kyu-taishin) and may not meet current earthquake-resistant standards. Exterior earthquake-reinforcing may be difficult as the building is already built to the edges of the site boundaries.
| LOCATION |
| Address: | Transport: |
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| Area Guide: | |
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| FLOORPLAN |
| DETAILS |
| Type: | 2-Bedroom Apartment |
| Size: | 126.70 sqm (1,363 sq.ft) |
| Balcony: | None |
| Floor: | 7F-8F |
| Construction: | 11-storey + 1 Basement, Reinforced concrete |
| No. of apartments: | 171 |
| Built: | March 1965 |
| Earthquake standards: | Kyu-Taishin (Old code) (what does this mean?) |
| Developed by: | Tokyo Co-Op |
| Constructed by: | Shimizu Corporation |
| Managed by: | Self-managed |
| Land size: | 3,523.26 sqm |
| Land ownership: | |
| Car parking: | Not currently available |
| Pets: | Negotiable (some restrictions apply; generally not allowed) |
| Monthly building fees: | |
| Management: | 118,844 Yen |
| Repair fund: | Incl. in management fee |
| Other: | 800 Yen |
| TOTAL: | 119,644 Yen |
| Transaction details: | |
| Status: | Occupied by seller |
| Delivery: | To be negotiated |
| Transaction type: | Brokerage |
| Brokerage fee: | 3% + 60,000 Yen + consumption tax, charged to buyer. |
| *Inspection by advance appointment only. *Other fees: Basic hot water charge (800 Yen + usage). | |
| Last updated: | April 16, 2018. | Next update (scheduled): | May 1, 2018. |
| MAKE AN INQUIRY |
To inquire about this property please fill in the form below:
*Show Foto, K.K. is a fully licensed real estate agency. We are able to assist buyers with the purchase of this property or similar ones. Our fees to buyers are 3% + 60,000 Yen + consumption tax.
Transaction type: Brokerage.