A New Form of Villa Ownership with Hotel-Generated Income in Okinawa

The property, built in December 2010, spans a building area of 66.96m² and sits on a large, shared land plot of 1,459.58m². The structure is concrete block construction. Critical agent notes detail the specific financial and operational conditions of this hotel-condominium arrangement. There is a monthly management fee of 32,000 yen and a monthly repair reserve contribution of 6,600 yen. Upon transfer of ownership, a lump-sum payment of 402,000 yen for the repair reserve fund and a one-time, tax-inclusive fee of 110,000 yen for photography for booking site listings are required.

Owners must enter into an "Alpha Terrace Motobu Hills Operation Entrustment Contract" for their unit. As hotel operation is a prerequisite, this contract cannot be terminated for the first five years. It is important to note that the rental income generated under this management contract is variable and is not guaranteed after purchase. A significant owner benefit is the allowance for up to 30 days of free accommodation per year. The land share for this unit is 6696/53568 of the total 1,459.58m² plot.

The area of Motobu in northern Okinawa is renowned for its natural beauty and major attractions. It is home to the famous Okinawa Churaumi Aquarium, one of the largest aquariums in the world, located within the Ocean Expo Park. The peninsula offers a serene escape with rich greenery and coastal scenery, making it an ideal location for a retreat that captures the essence of the island.