Whole Building Hotel/Ryokan Ishigaki-shi
¥550,000,000

Price

¥550,000,000

Building Name

[Suitable for Business Management Visa]Hotel Property - Tukamika

Floors

3F

Available From

Please Inquire

Type

Hotel/Ryokan

Size

837.16 m²

Land Area

443.00 m²

Land Rights

Freehold

Gross Yield

13.3%

Location

Yashimacho, Ishigaki-shi, Okinawa

Occupancy

Vacant

Additional Details

Layout

Whole Building

Year Built

1997

Potential Annual Rent

¥880,171,824 / year

Transaction Type

Privileged and Exclusive

Floor Area Ratio

200.0%

Building Area Ratio

80.0%

Zoning

Residential

Structure

Reinforced Concrete

Unit Summary

運営中

Building Description

※ Increased popularity of Ishigaki Island has led to a surge in inquiries.
【Highly profitable hotel.】
【We'll Assist You in Obtaining the Entrepreneurial Management Visa】
*Approximately 22 minutes by car to Ishigaki Airport
Convenient access to the Yaeyama Islands and other remote islands as the port is nearby.
Close to the downtown area, making it easy to visit cafes and izakayas casually.
About a 13-minute walk to Nannuhama Beach.
Increased operational rates due to relaxed immigration restrictions. Further increase expected from the decision on regular flights to Taiwan from the fiscal year 2024.
While operating as a hotel business, it is also possible to use one room as a second house.
Fiscal year 2023 results: Secured a profit margin of 55%.
Fiscal year 2023 results: Yield of 14.0%, NOI 7.67%.
Fiscal year 2024 forecast: Yield of 14.7%, NOI 8.07%.
In December 2023, a sauna was added to the rooftop, becoming popular as a service for guests.
●The seller is interested in an M&A transaction.

Date Updated

Apr 15, 2024

Next Update Schedule

May 15, 2024

Video

Property Description

Features

Map