Castor Minowa is a fully-tenanted residential investment property located in Minowa, a charming and increasingly sought-after neighborhood in Tokyo’s traditional shitamachi area. Known for its warm, local atmosphere and strong appeal to families, Minowa offers an ideal balance between authentic Tokyo life and seamless access to the city’s key business and entertainment districts.

This 3-story reinforced concrete (RC) building, constructed in 1991, has undergone extensive renovations in recent years, including interior unit upgrades, general repairs, and the installation of a new modern elevator. These improvements ensure the property remains in excellent condition with low maintenance needs, making it ideal for long-term ownership.

Just a 7-minute walk from Minowa Station on the Tokyo Metro Hibiya Line, tenants enjoy direct connectivity to Akihabara, Ueno, Ginza, and Roppongi, as well as tourist-favorite Asakusa — all reachable without transfers. This strong transport accessibility has been a key driver in maintaining full occupancy and attracting long-term tenants.

Importantly, when long-term tenants vacate, units have consistently achieved rent increases of approximately ¥10,000 per month, demonstrating steady rental growth potential. The area also benefits from ongoing large-scale redevelopment in neighboring Nishi-Nippori, expected to significantly enhance the livability and attractiveness of the broader Arakawa Ward.

Further supporting capital appreciation, land prices in the area have been steadily rising, fueled by the limited supply of residential plots and Tokyo’s enduring real estate demand.

The property is zoned for quasi-industrial use (準工業地域) and sits on a plot of 279.21 sqm with a Building Coverage Ratio (BCR) of 60% and a Floor-Area Ratio (FAR) of 300%, offering flexibility for future development or value-add strategies.

Currently operating at full occupancy with a stable yield of approximately 4.6%, Castor Minowa represents a rare opportunity to acquire a high-performing, well-maintained income-generating asset in a rapidly improving Tokyo submarket with significant long-term growth potential.

Nippori Station Front Redevelopment – Project Overview

The area around Nippori Station in Arakawa Ward, Tokyo, is undergoing a major redevelopment aimed at transforming the station front into a vibrant, high-rise, mixed-use urban center.

Project Details

• Location: Nishi-Nippori 5-chome, Arakawa-ku, Tokyo
• Site Area: Approx. 2.3 hectares
• Main Developers: Tokyu Land Corporation and others
• Total Project Cost: Approx. 134.2 billion yen

Key Components

Residential Tower

• Height: 46 floors above ground, 3 below
• Approx. 170 meters tall
• Approx. 1,000 units planned

Commercial Tower

• Height: 10 floors above ground, 3 below
• Approx. 65 meters tall
• Includes: retail space, offices, convention center, cultural exchange hub, rooftop garden

Additional Features

• Childcare facilities
• Open green spaces
• Pedestrian decks for improved circulation
• Disaster preparedness features (evacuation spaces, emergency storage)

Development Timeline

• 2025: Official approval of the redevelopment association
• 2026: Right conversion planning approval
• April 2027: Construction begins
• March 2031: Completion and opening

Expected Impact

• Enhanced pedestrian safety and connectivity via expanded roads and elevated walkways
• Revitalization of the area through cultural and commercial facilities
• Increased land value and investment potential in the surrounding neighborhood
• Improved disaster readiness for residents and visitors

With this redevelopment, the Nippori Station area is set to become a modern urban hub combining residential, commercial, and cultural elements, making it a major point of interest for investors and residents alike.

Summary of Key Points:

• Location: Higashi-Nippori 1, Arakawa-ku, Tokyo
• Access: 7-minute walk to Minowa Station (Tokyo Metro Hibiya Line)
• Yield: Approx. 4.7% (fully tenanted)
• Renovated: Elevator replaced, interior units upgraded
• Structure: RC, 3 stories, built in 1991
• Area: Popular with families, authentic Tokyo lifestyle
• Direct access to Akihabara, Ueno, Asakusa, Ginza, Roppongi
• Rental upside: Rent increases of ~¥10,000/month when long-term tenants leave
• Development: Large-scale redevelopment underway in nearby Nishi-Nippori
• Land value: Land prices in the area are on an upward trend