Selected images and diagrams are reproduced from materials provided through the listing partner.
Main Stage Chiyoda Iwamotocho Comode is a thirteen-storey, 60-residence reinforced concrete building at 2-18-16 Iwamotocho in Chiyoda Ward, completed in April 2009 by Link Trust. This tenth-floor residence is a south-facing 1LDK of 40.50 sq m, arranged as a 9.9-mat living space and a 4-mat bed space separated by a partition, with a balcony of 3.22 sq m.
The residence is sold with its tenancy in place. The listing material records a projected annual rent of JPY 1,980,000 and an indicative gross yield of 3.30% against the asking price. The purchaser acquires the property subject to the existing residential tenancy and succeeds to the relevant landlord rights and obligations at closing, subject to confirmation of the tenancy documents.
The building has an auto-lock entrance lobby and a lift, and is managed under a fully outsourced contract with a daytime caretaker. Pets are by consultation, subject to the building's rules. Parking in the building is currently full and is quoted at JPY 65,000 a month when a space becomes available. The handover date is by consultation.
| Property Type | Tenanted Investment Condominium |
|---|---|
| Asking Price | JPY 59,900,000 |
| Address | 2-18-16 Iwamotocho, Chiyoda-ku, Tokyo |
| Nearest Station | Kodenmacho Station (Tokyo Metro Hibiya Line) |
| Walking Distance | Approx. 5 min |
| Layout | 1LDK |
| Building Area | 40.50 sq m (wall-centre) |
| Balcony Area | 3.22 sq m |
| Floor | 10th Floor |
| Building Height | 13 Storeys |
| Orientation | South-facing |
| Building Structure | Reinforced Concrete |
| Year Built | April 2009 |
| Number of Units | 60 Units in the building |
| Zoning | Commercial |
| Tenure | Freehold Ownership |
| Pets | By consultation, subject to building rules |
| Management Fee | JPY 9,000 / month |
| Reserve Fund | JPY 4,800 / month |
| Parking | None currently available (JPY 65,000 / month when available) |
| Occupancy | Currently Tenanted |
| Handover | By consultation |
| Management | Fully outsourced, daytime caretaker |
| Listing Type | Partner Listing |
Floor area is the wall-centre figure from the listing material and remains subject to verification against the register.
The annual rent and the yield are the projected figures stated in the listing material. The yield is a gross figure against the asking price and takes no account of management fees, taxes, insurance, repairs or vacancy.
Monthly charges are the management fee of JPY 9,000 and the repair reserve contribution of JPY 4,800.
The lease terms, deposit and remaining term are confirmed on enquiry and remain subject to the tenancy documents.
The building stands at 2-18-16 Iwamotocho in Chiyoda Ward, in the Kanda district on the eastern side of central Tokyo. The listing material records Kodenmacho Station on the Tokyo Metro Hibiya Line at approximately five minutes on foot, Bakurocho on the JR Sobu Main Line at seven minutes and Iwamotocho on the Toei Shinjuku Line at seven minutes.
The Hibiya Line runs through Ginza, Roppongi and Ebisu; the Sobu Main Line reaches Tokyo Station in one stop from Bakurocho and continues to Chiba; the Shinjuku Line runs west through Jimbocho and Ichigaya to Shinjuku. Akihabara is a short walk to the north. Journey times vary with the service and any changes, so none are stated here.
Iwamotocho is a working district of offices, wholesalers and apartment buildings between Akihabara, Kanda and Bakuroyokoyama, long established in the textile trade and steadily redeveloped with residential buildings. Its appeal for a rental unit is simple: a Chiyoda Ward address, three lines on foot and central Tokyo employment on the doorstep.
The map indicates the location of Main Stage Chiyoda Iwamotocho Comode. Walking times above are as stated in the listing material.
Open in Google MapsRents, land prices and transaction prices in Tokyo have all been moving upward.
In the At Home – Sumitomo Mitsui Trust Research Institute Mansion Rent Index for Q1 2026, the compact-type index for Tokyo’s 23 wards — units of 30 to under 60 sq m, the band this 40.50 sq m residence falls into — stood at 135.88 against a 2009 base of 100, approximately 5.6% higher than a year earlier.
In the Reiwa 8 (2026) Official Land Price Survey, residential land in Chiyoda Ward rose 10.7% on the previous year, and the all-use average for the ward rose 12.8%. The Ministry of Land, Infrastructure, Transport and Tourism’s Real Estate Price Index puts condominium prices in Tokyo at 234.8 for December 2025 against a 2010 average of 100 — a rise of approximately 9.6% on the same month a year earlier.
These figures describe Tokyo’s 23 wards, Chiyoda Ward and Tokyo as a whole, not this individual property. The rent index covers quality-adjusted contracted rents for condominium-type buildings, not this address or this tenancy; the land figure is an average across all official reference points in the ward and is not an appraisal of this address; the price index is a nationwide statistical series for Tokyo. None of them guarantees future rent, occupancy, value or performance.
Sources:
Chiyoda is the smallest of Tokyo's central wards by residential population and the hardest to buy into at a modest price, so a 40 sq m residence here at under JPY 60 million is worth a look on the address alone. Three lines — Hibiya at Kodenmacho, JR Sobu at Bakurocho and Shinjuku at Iwamotocho — are all within seven minutes on foot, and Akihabara and Tokyo Station are close. For a rental unit that is the whole argument: tenants in central Tokyo choose on commute, and this one covers most of the city without a change.
The residence itself is a south-facing 1LDK on the tenth floor of thirteen, with a 9.9-mat living space and a separate 4-mat bed space rather than a single open room — a layout that lets it work for a couple as well as a single tenant. The building was completed in April 2009 and holds 60 residences, and it is sold with the tenancy in place, so income runs from completion.
At 3.30% gross this is bought for the address and the reliability of the letting rather than for the yield. Chiyoda Ward recorded a 10.7% rise in residential land prices this year. The lease terms, the remaining term, the repair reserve position for a 2009 building and the pet rules are the things to review, and all can be confirmed on enquiry.
This property is introduced through a Japanese real estate partner. Availability, price and property details remain subject to confirmation at the time of enquiry.
