Kutchan Downtown Apartments ¥32,500,000

Currency Converter  


This well-located property in downtown Kutchan consists of 4 units currently fully leased out, earning a near 8% gross yield at current list price. The property has the potential for 10.5% gross yield based on current market prices. Three of the units are 2LDK and 1 is 3LDK, which have been consistently rented out generating solid rental income. With two units having seen some recent renovations, rental rates should continue to improve. Due to its excellent location and close proximity to downtown, this property is sure to remain an attractive place for current and future tenants to come. 348 sqm of land in such an attractive location has the potential for capital appreciation as well, with the bullet train scheduled to arrive by 2030.

Property Address 8-3,5-1, Kita 4 Nishi 1, Kutchan Cho, Abuta Gun Hokkaido

Property Details

Location Kutchan
Price ¥32,500,000
Bedrooms 8
Bathrooms 4
Building Size Total Floor Area 284.31 m²
Land Size 345 m² (approx. 104.36 tsubo)
Building Age Built 1978
Time To Lifts Hanazono - 10 minute drive
Time To Town 4 minutes on foot

Enquiries

Email us: sales@nisekoproperty.com

Have a general enquiry? Click here to fill out the enquiry form.

Do you need to know more about finance and buying property in Japan? Click here to go to our FAQ section

 
  8   4

Photos

Note that images are indicative only.

More Information

Block Map Block Map
Printable Brochure
Purchase Related Costs
View Google Map

© 2019 :: Niseko Property
Niseko Real Estate Agency License: Shiribeshi (3) #326 :: 宅地建物取引業免許 後志 (3)第326号