Kutchan Downtown Apartments ¥34,000,000

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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!

 

 

 

Property Address 15-2 North 3 West 3, Kutchan-cho, Abuta-gun, Hokkaido

Property Details

Price ¥34,000,000
Bedrooms 8
Bathrooms 4
Building Size 262.44㎡
Land Size 264.47㎡(approx. 80.14 tsubo)
Toilets 4
Number Of Floors 2
Time To Lifts 15min Drive
Time To Town 1min Walk

Enquiries

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Floor Plan

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