Inbound Tourism exceeded its forecast in 2018 and contributed 4.5 trillion yen to the local economy. The number of overseas visitors are expected to reach 30 million by 2020 and 60 million by 2030.
In this issue, we have handpicked a selection of real estate assets which may benefit from this explosive tourism. Some can be turnkey investments and some require redevelopment or remodelling to maximize its value. Which one would you choose?
Modern Mixed-use Building in Fukuoka
Hakata, Fukuoka, Japan
Property ID: 367296
Land Size: 513.6 sq.m. / 5,521 s.f. pprox.
Total GFA: 2,721 sq.m. / 29,288 s.f. pprox.
Located in the “Tenjin Big Bang” area of Hakata, Fukuoka within walking distance from Tenjin and Tenjin Minami Station. The architecture boasts a fully glassed façade allowing for plentiful daylight. The property was just completed last year, with much of its space remaining in plain vanilla shell condition for the new owner to decide its usage. Its potential is limitless – hotel, retail space or even office space. Price Upon Request.
Mayumi Lambon (E-308403)
+852 9109 1526 MayumiL@listsirhk.com
Redevelopment Site for Hotel Use
Higashiyama-Ward, Kyoto, Japan
Property ID: 367293
Land Size: 538.7 sq.m. / 5,700 s.f. approx.
This cosy hotel is close to the famous “Shijo Dori” as well as the “Yasaka Shrine”. The property occupies a site area of over 500 sq.m., providing much flexibility for further remodelling or redevelopment to maximise return on investment. As well as a streetfront retail space, the hotel has 47 suites configured in sizes from 22 sq.m. to over 50 sq.m. Building and floor plans are available for inspection upon request.
Mayumi Lambon (E-308403)
+852 9109 1526 MayumiL@listsirhk.com
Boutique Hotel
Shimogyo-Ward, Kyoto, Japan
Property ID: 367297
Land Size: 224.7 sq.m. / 2,400 s.f. approx.
Total GFA: 536.6 sq.m. / 5,700 s.f. approx.
This stylish hotel is only 3 minutes’ walk from the Gojo Station as well as Nishi-Honganji. The hotel has 24 suites, all configured as double rooms. The interior has been designed to embody Kyoto-Machiya style and is kept in a brand new condition. Currently operated by a renowned local operator and generates over 7% gross rental yield. Turnkey hotel investment!
Price: ¥516,120,000 JPY / $4.54M USD approx. (Incl c-tax)
Mayumi Lambon (E-308403)
+852 9109 1526 MayumiL@listsirhk.com
Posh Tokyo Apartment Block
Shibuya-Ward, Tokyo, Japan
Property ID: 367294
Land Size: 182.7 sq.m. / 1,970 s.f. approx.
Total GFA: 283.9 sq.m. / 3,040 s.f. approx
This low-rise apartment block is conveniently set in Shibuya, Tokyo’s vibrant hub for innovation and technology. The building was just completed last year and offers 1-bedroom apartments, ideal for young singles and couples. The property can also be leased as short-term accommodation to business or leisure travellers to maximise rental return.
Price: ¥495,000,000 JPY / $4.35M USD approx. (Excl c-tax)
Mayumi Lambon (E-308403)
+852 9109 1526 MayumiL@listsirhk.com
Fully Renovated Multi-use Building in Ginza
Chuo-ward, Tokyo, Japan
Property ID: 368564
Land Size: 49.6 sq.m. / 527 s.f. approx.
Total GFA: 317.5 sq.m. / 3,412 s.f. approx.
Situated along “Namiki-dori”, Ginza, the most prestigious shopping area as well as historical neighborhood adored by the locals, this petite building has gone through a full makeover last year. Ideal location for retail and stands out with its design. Why not own your address in Ginza?
Price: ¥1,500,000,000 JPY / $13.5M USD approx. (Excl c-tax)
Mayumi Lambon (E-308403)
+852 9109 1526 MayumiL@listsirhk.com
Originally published in COLLECTION, 1 April 2019
