Traditional Machiya in Tsukiji

¥138,000,000

Land with existing structure | Land size: 64.53 sqm
Tsukiji, Chuo-ku, Tokyo


ABOUT

This is a traditional merchant house (machiya) in Tokyo’s Tsukiji district. The sale is for the land only, with the structure included. As such there are no details on the building (layout, size or age). The building is featured on the Chuo City website as being a ‘uniquely machiya-type office’, and suggests it may date from the 1930s. 

The land is freehold and fronts onto a 5 meter wide public road. It is just a 4 minute walk from Tsukiji Station on the Hibiya Line and 150 meters behind the Tsukiji Hongan-ji Temple.

ABOUT TSUKIJI

The Tsukiji area is located just south of Ginza. It was largely reduced to rubble and burnt fields following the 1923 Great Kanto earthquake, and the area’s neighbourhoods underwent a large re-shuffle. The fish market from Nihonbashi was relocated to Tsukiji and opened in 1935.

Despite being in central Tokyo, the area largely avoided the major developments that sprung up around the city during the period of rapid economic growth following WWII and the asset bubble in the 1980s.

Some of the older and original merchant houses have managed to survive WWII air raids and land redevelopment, but they are growing smaller and smaller in number. The owners of some of the remaining old properties have no desire to sell to developers, despite receiving numerous offers, while others are gradually demolished or lost to fires.

The district was listed by the World Monuments Fund on their 2016 World Monuments Watch List.  The Fund selected 50 sites in 36 countries for its 2016 list. The Tsukiji district was the only area selected in Japan for 2016. The district’s early 20th century architecture, which includes small two- and three-story wooden shophouses, is considered to be at risk due to the urban redevelopment that will occur after the relocation of the Tsukiji Fish Market. It was recently announced that the Tokyo Metropolitan Government is planning to convert the former Tsukiji Fish Market site into an international conference and exhibition center which would not be completed until at least the 2040s. 

*Renovations required

*This land is 11 meters above sea level and, according to Chuo City Flood Hazard Maps, is located within a 1 ~ 2 meter inundation risk zone in the event of the Arakawa River breaking its banks in a 1 in 200 year flood.   

*A 11-storey, 35.5 meter tall apartment & retail building is planned for a 1900 sqm site directly across the street from this property. Construction is scheduled to start in March 2019 with completion tentatively scheduled for late August 2021.

LOCATION

Tsukiji 6 Chome, Chuo-ku, Tokyo

Tsukiji Station – 4 min walk
(Hibiya Line)

Shintomicho Station – 8 min walk
(Yurakucho Line)

Tsukiji-Shijo Station – 9 min walk
(Oedo Line)

Higashi-Ginza Station – 9 min walk
(Asakusa, Hibiya Lines)


  • Ginza Six Department Store: 1200 meters
  • Kabukiza Theatre: 750 meters
  • Tsukiji Outer Market: 400 meters
  • Sumida River: 300 meters

FLOOR PLAN

DETAILS

Type:Land with existing structure
Built:Unknown
Construction:Unknown
Land size (registered):63.53 sqm (694 sq.ft) (19.52 Tsubo)
House size:Unknown
Setback:1.3 sqm required
Land rights:Freehold
Road:5 meter wide public road on north-west side;
2.7m wide private road on south-east side
Road frontage:4.8 meters
Zoning:Category I Residential Zone
Building footprint ratio:80%
Building floor-area ratio:300%
Status:
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.*No warranty provided on structure.
*Sale is land only with structure included.
*Registered sizes may be different from measured sizes.
*Fireproof district.
Last updated:February 11, 2019.Next update (scheduled):February 25, 2019.

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.

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.