RESTAURANT ON DEVELOPMENT LAND ¥230,000,000

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This 233.82 m² floor area building was recently renovated to the level of a high end restaurant. While currently vacant, the property was previously leased out at Y1,400,000/month on a year-round lease. At list price, this is an excellent gross annual yield of around 7.5%. With commercial property in such short supply in Hirafu, it is likely this rental could be achieved again in the future by the new owner. Alternatively, the new owner could operate a restaurant themselves and take advantage of the high returns restaurants in Hirafu frequently achieve. All the restaurant equipment comes with the property.

The building has a separate entrance to the basement, which itself is quite spacious and is complete with small kitchen, bathroom and toilet. The space would suit a small bar and has been operated as such in the past. The property sits on land of 471.37 m² (approx. 142.58 tsubo), with considerable development potential given the much sought-after location.

Property Address 170-175, -176, Aza-Yamada, Kutchan-cho, Abuta-gun

Property Details

Location Middle Hirafu
Price ¥230,000,000
Bedrooms 3
Bathrooms 1
Building Size Total Floor Area 233.82 m²
Land Size 471.37 m² (approx. 142.58 tsubo)
Building Age Built 2003
Toilets 3
Garage/Car spaces 3
Number Of Floors 3
Time To Lifts Driving - 3 min
Time To Shuttle Walking - 30 sec

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