B-Lot Company Limited announced that it had sold an income-producing single-building apartment property in Honmachi, Shibuya-ku, Tokyo. The property is approximately 7 minutes on foot from Hatsudai Station on the Keio Line and is a 3-storey building with 20 units in total. It will be sold following operations designed to capture tourism demand in the Shinjuku and Shibuya areas.
As part of its core real estate investment and development business, B-Lot Company Limited sold an income-producing single-building apartment property located in Honmachi, Shibuya-ku, Tokyo. Completed in September 2004, the property is a 3-storey reinforced-concrete building with a site area of 415.70 square metres and a total floor area of 537.62 square metres. It offers convenient transport access, being approximately 7 minutes on foot from Hatsudai Station on the Keio Line, and is located in an area surrounded by cultural and office facilities, including Tokyo Opera City and the New National Theatre, Tokyo.
After acquiring the property, the company carried out exterior renovations and began short-term rental operations in some units, working to capture demand for accommodation. The company said the property's scarcity and stable income were factors behind the sale, and indicated its policy of continuing to provide investment opportunities while supplying high-quality living environments through the redevelopment of income-producing real estate in the Tokyo metropolitan area.
Following the sale, B-Lot Company Limited reiterated its policy of creating investment opportunities through real estate redevelopment and strengthening its business in the Tokyo metropolitan area. The text does not disclose the specific timing of the sale or the buyer's name.