The exterior photograph is reproduced from the material supplied for this listing.
This is a whole freehold building at 1-19-1 Nihonbashi-Kakigaracho in Chuo Ward, offered as an owner-change sale with the tenancies in place. The building is of reinforced concrete, four storeys above ground with one basement level, and was completed in December 1986. The total floor area is 190.20 sq m on a registered site of 58.65 sq m, with no private road burden recorded.
The listing material records a projected annual rent of JPY 10,980,000, which is an indicative gross yield of 5.00% on the asking price of JPY 219,600,000. That figure is before tax, management, repairs, insurance and vacancy. No rent roll has been supplied, so the tenant mix, lease terms and current occupancy are confirmed on enquiry, as is the use of each floor.
Nihonbashi-Kakigaracho sits between Ningyocho and the Sumida River, on the eastern side of Tokyo's traditional commercial district. Suitengumae Station on the Hanzomon Line is approximately three minutes on foot, with Kayabacho on the Tozai Line at approximately five minutes and Ningyocho on the Hibiya Line at approximately six minutes. The site is zoned Commercial District, with an 80% building coverage ratio and a 700% floor area ratio.
| Property Type | Whole Building (Owner-Change Sale) |
|---|---|
| Asking Price | JPY 219,600,000 |
| Address | 1-19-1 Nihonbashi-Kakigaracho, Chuo-ku, Tokyo |
| Nearest Station | Suitengumae Station (Tokyo Metro Hanzomon Line) |
| Walking Distance | Approx. 3 min |
| Access | Kayabacho Station (Tokyo Metro Tozai Line) approx. 5 min on foot · Ningyocho Station (Tokyo Metro Hibiya Line) approx. 6 min |
| Land Area | 58.65 sq m (registered, 17.74 tsubo), no private road burden |
| Building Area | 190.20 sq m, total floor area |
| Building Height | 4 Storeys with 1 Basement Level |
| Building Structure | Reinforced Concrete |
| Year Built | December 1986 |
| Tenure | Freehold Ownership |
| Zoning | Commercial District, urbanisation promotion area |
| Building Coverage Ratio | 80% |
| Floor Area Ratio | 700% |
| Land Category | Residential land (宅地), level topography |
| Occupancy | Tenanted — owner-change sale |
| Current Annual Rental Income | JPY 10,980,000 (projected) |
| Indicative Gross Yield | 5.00% |
| Handover | By consultation |
Areas are the registered figures from the listing material and remain subject to verification against the register and a survey.
The gross yield is the projected annual rent divided by the asking price, before tax, management, repairs, insurance and vacancy. It is not a net return.
The listing material records no rent roll, no floor-by-floor use and no unit count, so none is stated here. Each is confirmed on enquiry.
The building stands at 1-19-1 Nihonbashi-Kakigaracho in Chuo Ward, a few streets back from the Sumida River and within the older commercial quarter that runs from Nihonbashi through Ningyocho to Kayabacho.
The listing material records Suitengumae Station on the Tokyo Metro Hanzomon Line at approximately three minutes on foot, Kayabacho on the Tokyo Metro Tozai Line at approximately five minutes, and Ningyocho on the Tokyo Metro Hibiya Line at approximately six minutes. Between them those three lines reach Otemachi, Nihonbashi, Ginza, Roppongi and Shibuya without a change from at least one of the stations. Journey times vary with the service, so none are stated here.
Ningyocho's shopping street, Suitengu shrine and the restaurants of Hamacho are all within a short walk, and Tokyo Station is a little over two kilometres to the west.
The map indicates the location of the building. Walking times above are as stated in the listing material.
Open in Google MapsChuo Ward recorded one of the strongest land-price increases in Tokyo in the survey published this year, across commercial and residential land alike.
In the Reiwa 8 (2026) Official Land Price Survey, commercial land in Chuo Ward rose 13.5% on the previous year, and the all-use average for the ward rose 13.5%. Across Tokyo's 23 wards as a whole, commercial land rose 13.8%.
Land is the part of an older building that carries value over time, so the land series is used here rather than the condominium price index that appears on apartment listings.
These figures describe Chuo Ward and Tokyo's 23 wards, not this individual property. They are averages across all official reference points and are not an appraisal of this address, and they do not guarantee future rent, value or performance.
Kakigaracho is the quiet side of Nihonbashi — small plots, older buildings, and three subway lines within six minutes of the door. For a buyer who wants a whole freehold building in central Tokyo rather than a slice of one, the entry level here is a good deal lower than in Yaesu or Kyobashi, and the land underneath is Commercial District with a 700% floor area ratio.
The building itself is reinforced concrete from 1986, four floors above a basement, on a compact 58.65 sq m site. It comes tenanted, with a projected annual rent of JPY 10,980,000 against the JPY 219,600,000 asking price — an indicative 5.00% gross. That is a headline figure, not a net one, and the rent roll is the document that matters most here.
Commercial land in Chuo Ward rose 13.5% in this year's survey. The material supplied for this listing is thin — one ATBB record and one photograph — so the rent roll, the use of each floor and the building's repair history are the first things to ask for. On the address and the freehold title, the case is straightforward. Future property value and market performance cannot be guaranteed.
This property is introduced through a Japanese real estate partner. Availability, price and property details remain subject to confirmation at the time of enquiry.
