Overview of Guroobaru Neko Ya (グローバル猫屋)
Guroobaru Neko Ya (グローバル猫屋) is a 41-year-old condominium located at Hiroshima Shichuu Ku Neko Ya Machi 2-14 (広島市中区猫屋町2-14), Hiroshima, Japan. Built in 1985, it comprises 37 units in a Reinforced Concrete (RC) structure. It was constructed by Matsuo Kensetsu (松尾建設).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 250〜1,500万円 (approx. $16,667–$100,000 USD at ¥150/$).
Unit sizes range from 15.0–62.0 sqm (161–667 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥19.3万/sqm (approx. $1,285/sqm or $119/sqft).
Location & Neighborhood
The property is located at Hiroshima Shichuu Ku Neko Ya Machi 2-14 (広島市中区猫屋町2-14), Hiroshima, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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