Project 29 — From CAD$ 827,975,5 

Central Osaka Whole-Building Investment ‖ 2.9 % Net Yield ‖ Fully Tenanted

6-Storey RC Structure | Commercial Zone | Stable Cash-Flow

A rare whole-building opportunity in the heart of Dotonbori—Osaka’s #1 tourist & entertainment strip. 6 min walk from Namba Station (Midosuji / Sennichimae / Yotsubashi / Sakaisuji Lines) and 3 min from Nipponbashi Station. Built 1973 (Showa 48), RC structure with 1 basement + 5 above-ground floors, currently 100 % occupied under fixed-term leases (expiry Aug 2026), delivering ≈ CAD$241k annual rent (JPY 25.8 M) with 2.9 % net yield. Ideal for investors seeking core-location, low-volatility cash-flow with future re-positioning upside.

Property Details

Income & Yield Snapshot

• Gross Annual Income: JPY 26,043,108 (incl. consumption tax) ≈ CAD$243k
• Net Operating Income: ≈ JPY 25.8 M (after standard opex) ≈ CAD$241k
• Current Net Yield: ≈ 2.93 % (on asking price: CAD$8.23M)
• Security Deposits: JPY 4,168,160 (held by owner, refundable) ≈ CAD$39k
• Lease Structure: Fixed-term contracts, all expiring Aug 2026 → exit flexibility

Investment Highlights

• Rare whole-building stock in Dotonbori – tourist footfall > 50 M/year
• 100 % occupied, long-standing tenants (restaurants, bar, boutique res.)
• Commercial zoning allows hotel, serviced-apartment, flagship store conversion (subject to permit)
• Low-rise RC shell suitable for boutique hotel or short-stay operator post-2026
• Tax-advantaged: depreciable over 19 yrs; building appraisal ≈ JPY 21 M (≈CAD$196k) vs. land ≈ JPY 206 M (≈CAD$1.93M)

Strategic Location

• 3 min walk to Nipponbashi Station (Sakaisuji / Kintetsu)
• 6 min walk to Namba Station (Midosuji / Sennichimae / Yotsubashi / Sakaisuji) – Osaka’s busiest hub
• 1 min to Dotonbori Canal & Ebisu Bridge – Osaka’s #1 photo spot
• 10 min direct to Umeda CBD (Midosuji Line)
• 15 min to Shin-Osaka Shinkansen terminal
• 45 min to Kansai International Airport (Nankai Airport Express)

Market & Tourism Drivers

• Dotonbori ranks Top-3 night-stay precinct in Japan; hotel ADR ↑ 18 % YoY (STR 2025).
• Namba sub-market occupancy > 90 % year-round; shortage of mid-scale boutique rooms (< 50 keys).
• 2025 Expo & 2030 IR to add 28 M + 15 M incremental visitors; Namba/Dotonbori primary gateway.

Why Invest Now?

• Core Location: Irreplaceable corner frontage on Dotonbori main strip.
• Cash-Flow Security: 2.9 % yield fully backed until Aug 2026 (≈CAD$241k/year); option to renew or re-position.
• Re-Development Option: FAR 500 % allows boutique hotel up to 6 floors (≈ 530 m² GFA).
• Low-Yen Entry: JPY 880.8 M ≈ USD 5.9 M / CAD$8.23M – 30–40 % discount to comparable Tokyo assets.
• Tax & Finance: Building depreciation 19 yrs; major banks offering 60–70 % LTV (≈CAD$4.94M–CAD$5.76M) at 1.5–2.0 % fixed.

Details

Bedroom
1

Bathroom
1

Property Size
1 sqft