IRORI

KUTCHAN | HOUSE

FEATURED

Price on Application

  • 3.5 Bedrooms
  • 1 Bathroom
  • 145.44㎡
  • 121.59㎡
  • Unknown

Time To:

Kutchan Station - Walking 6 min

Hanazono Ski Lifts - Driving 8 min

Properties such as Irori rarely come to public market. Located in the heart of Kutchan's commercial district, Irori is a valuable asset for investors seeking prime land with holding income. The older 2-story building has a 145.44m² floor area and sits on a 121.59m² plot of land. Land in this location enjoys the most developer-friendly regulations in Kutchan town. The buildable footprint is 80% and land to floor ratio is 400%. This means, by our calculations, that it is possible to construct a 5 story building with 97.27m² per floor or 486.36m² in total.  With restaurant, bar and in-town apartment rental spaces in short supply and in high demand, excellent yields are eminently achievable. Currently, the building ha two tenants, providing immediate rental income.
The property is situated a short 6-minute walk from Kutchan’s rail station- site of the future bullet train station.

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