Kutchan Downtown Apartments is a block of units situated within a 1-2 minute walk of Kutchan Railway Station and a similarly short walk into the heart of the downtown Kutchan area. The structure consists of 4 identical units that are each 2DK with respect to layout, meaning they consist of 2 separate bedrooms plus a living/dining/kitchen area. Presently, all 4 units are tenanted allowing the property to achieve a 7.2% yield at the full asking price. However, if all four units were re-negotiated in line with present market expectations, the yield would increase to just shy of 10%. With both land prices and rental rates experiencing strong growth within the inner Kutchan area, this property represents an excellent entry-level acquisition for the investment-orientated buyer looking for a stable annualised yield along with strong long term growth. Yield opportunities such as this aren't remaining on the market for long so contact Niseko Property now to know more!
15-2 North 3 West 3, Kutchan-cho, Abuta-gun, Hokkaido