Apartment Building in Toshima-ku, Tokyo Commercial Property in Minami-Ikebukuro 2-chome, Japan

Why This Opportunity

• Five minutes from a major hub station

  The JR Yamanote Line station is a five-minute walk, with two subway stations at three and five minutes, so three stations serve the building.

• A whole building in a single purchase

  The building holds 1LDK residential flats and one commercial tenant unit, so one transaction covers the whole building and not a single apartment.

• Freehold land under the whole building

  The land right is ownership, so the buyer holds the 139.83 square metre site and the building outright, with no ground lease to run down.

• Commercial zoning with room to build high

  A building coverage ratio of 80 per cent and a floor area ratio of 600 per cent suit a tall building on a small site and support the eleven storeys already built.

• Several permitted uses

  The listing states that shops, workspaces and private lodging are possible uses of the building, which gives a buyer options beyond the present residential tenancies.

• Existing tenancies in place

  The units are leased under standard non-fixed-term building leases, so a buyer acquires an occupied building and not an empty one.