The Shinsetsu apartments are extremely popular rental properties, offering comfort, style and one of the best locations in town, just 60 meters from the main Hirafu junction.The apartment comes with a garage which is currently rented out to a third party for 162,000 yen per annum pushing the total rental yield up slightly.
Apartment 10 has ample light in the spacious living room dining area. The interior design is a mix of Japanese and Western styles and the layout has 2 bedrooms on the lower floor with a separate bathroom toilet, separate toilet and separate hand basin. The main bedroom on the 2nd floor has its own bathroom and toilet and a large living room/ dining area provides maximum enjoyment of views and apres ski entertainment. Ownership of unit 10 conveys a 42% share of the total land on which the 3 apartment building stands; which adds significantly to the value should the apartments ever be redeveloped. The location, price range and yield (currently 3.6% at the asking price of 54 million yen) make Shinsetsu 10 a very attractive proposition as a holiday home and an investment vehicle with room for capital gain.