An Investment Opportunity with Existing Tenancy in Kyoto's Kamigyo Ward
According to the agent's notes, the property is sold 'as-is' and the seller's liability for non-conformities is exempt. Critically, the building does not meet the Building Standards Act's road frontage requirements, making it non-rebuildable. The property was renovated by the seller in December 2016, with updates including interior finishes, underfloor heating installation, and a new bath and kitchen. As the unit is currently tenanted, interior viewings are not possible; only the exterior can be shown. The existing lease is a fixed-term contract running until February 22, 2028, with a monthly rent of 130,000 yen. The tenant's security deposit and guarantee money are not included in the sale price but will be transferred from the seller to the buyer (Kanto-style handling).
The location in Kyoto's Kamigyo Ward offers a blend of traditional charm and convenience. The area is known for its network of small supermarkets and individual shops, each with distinct character, making shopping an enjoyable local experience. The neighborhood is bicycle-friendly. An interesting local fact is the presence of Sasaki Sake Brewery, the only remaining sake brewery in central Kyoto (Rakuchu). The closest major landmark is the historic Nijo Castle, a UNESCO World Heritage site famed for its 'nightingale floors' and beautiful gardens, located approximately 25 minutes on foot from the property.