Parador Nishin Part II: A Turnkey Investment Apartment in Kyoto's Right Bank
This listing presents a compact 1K apartment within the Parador Nishin Part II building, located in Kyoto's Ukyo Ward. The property is currently tenanted, offering immediate rental income potential for an investor seeking an owner-change opportunity. The annual projected rental income is 480,000 yen, with an estimated yield of 12%.
Translated agent notes provide essential details. The apartment has an exclusive interior area of 18.12 sqm (approximately 5.48 tsubo) with a layout comprising a 7-tatami mat Western-style room and a 1.5-tatami mat kitchen (1K). It features a 3.61 sqm balcony with eastern exposure. Building amenities include a storage space, air conditioning, internet readiness, an indoor washing machine space, lighting fixtures, an auto-lock security system, city gas, hot water supply, an elevator, bicycle parking, and motorcycle parking. A key note is that water and central hot water usage fees are billed directly to the tenant by the management association, not included in the management fees. The seller has a disclaimer for liability regarding non-conformities in the contract, and the transaction is an exclusive dedicated agency.
The six-story reinforced concrete (RC) building was constructed in January 1989 and contains 58 units. Monthly fees include 8,500 yen for management and 7,500 yen for repair reserve fund. Parking is available for 15,000 yen per month, subject to availability. The property is situated in an industrial zone according to land use regulations.
The area in Ukyo Ward is well-serviced by daily conveniences, with AEON Mall Kyoto Gojo, a business supermarket, and a Welcia drugstore all within a short walk. For a cultural excursion, the famous Kinkaku-ji Temple, the stunning Golden Pavilion, is a major landmark located a few kilometers to the north, offering a serene contrast to the urban practicality of the immediate neighborhood.
