Sendagaya 3 Chome Land

¥452,500,000

Land size: 228.36 sqm
Sendagaya, Shibuya-ku, Tokyo

Price per square meter: ¥1,982,000


ABOUT

This is a block of freehold land located a 7 minute walk from Harajuku Station and a 5 minute walk from Kitasando Station.

The land is zoned as a Category II Mid/High-Rise Oriented Residential Zone and fronts onto a 4-meter wide (after setback) public road on the east side.

There are possible building plans for a 3-storey mixed-use retail and residential building with a total floor area of 339.75 sqm (3,656 sq.ft), providing a potential gross rent of 2,710,000 Yen/month if fully leased. Construction costs are estimated at approximately 207,500,000 Yen. The estimated gross yield based on the projected rent and total cost of the land and construction is approximately 4.9%.

Note: rent and yield estimates are provided as a general guide only and are not guarantees of actual achievable rent now or in the future.

LOCATION

Sendagaya 3 Chome, Shibuya-ku, Tokyo

Kitasando Station – 5 min walk
(Fukutoshin Line)

Harajuku Station – 7 min walk
(JR Yamanote Line)


  • Harajuku Takeshita Street: 500 meters
  • Yoyogi Park: 900 meters
  • Omotesando Avenue: 750 meters
  • OK Supermarket: 400 meters
  • 7-11: 220 meters

FLOOR PLAN

DETAILS

Type:Land
Land rights:Freehold
Land size (registered):231.63 sqm
Land size (measured):228.36 sqm
Setback:Required (approx. 3.27 sqm)
Other:
Condition:Vacant land
Road:4m wide (after setback) public road on east side
Road frontage:Approx. 7.2 meters (south-east) and 16.8 meters (north-east)
Zoning:Category II Mid/High-Rise Oriented Residential Zone
Building footprint ratio:60%
Building floor-area ratio:160%
Status:Vacant
Delivery:To be negotiated
Transaction type:Brokerage
Brokerage fee:3% + 60,000 Yen + consumption tax, charged to buyer.
*Inspection by advance appointment only. Please understand that some viewing times may not be possible due to sellers’ schedules. Same-day appointments are not possible.
*Category 3 30m Height District.
*Quasi-fireproof district.
*Category 1 School District.
Last updated:August 21, 2019.Next update (scheduled):September 4, 2019.

MAKE AN INQUIRY

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*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.

Disclaimer:
All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
All care has been taken in preparing this floor plan, however the accuracy is not guaranteed and no liability will be accepted for any reliance placed upon it. In the event of any conflict between the floor plan and actual conditions, the latter shall prevail. Dimensions are approximate.

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