Selected images and diagrams are reproduced from materials provided through the listing partner.
The Park One's Shibuya Honmachi is a fourteen-storey, 118-residence reinforced concrete building in 3-chome Honmachi, Shibuya Ward, completed in October 2018 by Ichiken. This thirteenth-floor residence is a north-east facing 1DK of 33.29 sq m, arranged as a 7.5-mat dining kitchen, a 4.5-mat bedroom and a walk-in closet, with a balcony of 4.08 sq m.
The residence is sold with its tenancy in place. The listing material records a projected annual rent of JPY 1,800,000 and an indicative gross yield of 3.15% 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.
Nishi-Shinjuku-Gochome Station on the Toei Oedo Line is five minutes on foot, with Hatsudai on the Keio Line at ten minutes and Nakano-Sakaue on the Tokyo Metro Marunouchi Line at fifteen. The building is managed under a fully outsourced contract with a daytime caretaker, and pets — small dogs and cats — are accepted subject to the building's rules. The handover date is by consultation.
| Property Type | Tenanted Investment Condominium |
|---|---|
| Asking Price | JPY 57,000,000 |
| Address | 3-chome Honmachi, Shibuya-ku, Tokyo |
| Nearest Station | Nishi-Shinjuku-Gochome Station (Toei Oedo Line) |
| Walking Distance | Approx. 5 min |
| Layout | 1DK |
| Building Area | 33.29 sq m (wall-centre) |
| Balcony Area | 4.08 sq m |
| Floor | 13th Floor |
| Building Height | 14 Storeys |
| Orientation | North-east facing |
| Building Structure | Reinforced Concrete |
| Year Built | October 2018 |
| Number of Units | 118 Units in the building |
| Zoning | Commercial |
| Tenure | Freehold Ownership |
| Pets | Small dogs and cats accepted, subject to building rules |
| Management Fee | JPY 9,230 / month |
| Reserve Fund | JPY 4,000 / month |
| Other Monthly Costs | Shared aerial facility charge JPY 363 / month |
| Parking | None currently available; motorcycle space JPY 1,500 and bicycle space JPY 100 a month |
| 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 source records the address to the chome only.
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 9,230, the repair reserve contribution of JPY 4,000 and the shared aerial facility charge of JPY 363.
The lease terms, deposit and remaining term are confirmed on enquiry and remain subject to the tenancy documents.
The building stands in 3-chome Honmachi, in the north of Shibuya Ward, where the ward meets Nishi-Shinjuku. The listing material records Nishi-Shinjuku-Gochome Station on the Toei Oedo Line at approximately five minutes on foot, Hatsudai on the Keio New Line at ten minutes and Nakano-Sakaue on the Tokyo Metro Marunouchi Line at fifteen minutes.
The Oedo Line reaches Shinjuku in one stop and continues to Roppongi, Daimon and Tsukishima; the Keio Line runs from Hatsudai into Shinjuku and west toward Chofu; the Marunouchi Line adds a direct route to Ginza and Tokyo Station. Journey times vary with the service and any changes, so none are stated here.
Honmachi is a working residential district of low-rise housing and small businesses between Yoyogi Park and Nakano, close enough to walk into the Nishi-Shinjuku office cluster. That combination — three lines, a Shibuya Ward address and Shinjuku within walking distance — is what supports rental demand for compact units here.
The map indicates the 3-chome Honmachi area. The source records the address to the chome only, and walking times are as stated in the listing material.
Open in Google MapsShibuya sits among the strongest parts of the Tokyo market on every measure published this year.
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 33.29 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 Shibuya Ward rose 11.0% on the previous year, and the all-use average for the ward rose 12.5%. 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, Shibuya 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:
This is a Shibuya Ward address that behaves like a Shinjuku one. Nishi-Shinjuku-Gochome is five minutes away on the Oedo Line, Hatsudai and Nakano-Sakaue are both walkable, and the Nishi-Shinjuku office cluster is close enough to walk into. For a compact rental unit that combination is what keeps a tenant in place, and it is why a 33 sq m residence here carries a Shibuya postcode rather than a suburban one.
The building was completed in October 2018, so it is recent enough that major maintenance is still some way off, and the residence sits on the thirteenth floor of fourteen with an outlook toward the Shinjuku towers. It is sold with the tenancy in place: the listing material states a projected annual rent of JPY 1,800,000 and a gross yield of 3.15% at the asking price.
At that yield this is a hold-for-the-address purchase rather than a high-income one — the return comes from a central Tokyo location that stays let and from Shibuya Ward's 11.0% rise in residential land prices this year, not from the rent multiple. For an overseas buyer wanting a first, manageable Tokyo asset it is straightforward. The lease terms, the remaining term and the management 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.
