A Hotel Condominium in Okinawa's Yanbaru Region
This property is the Aramaina Condo Hotel, a hotel condominium located in the Yanbaru region of northern Okinawa, where the beautiful sea and forest meet. The unit is on the 4th floor of an 11-story building and offers a private area of 55.15 m². It features a 1BedRoom layout. The building is a reinforced concrete structure with a flat roof, completed in February 2019.
According to the agent's notes, the property is equipped with electricity from Okinawa Electric Power Company. The unit comes with hotel-designated furniture already installed. Ownership of this unit requires entering into a "Hotel Lease Agreement" and a "Hotel Asset Management Business Entrustment Contract." As the premise is hotel operation, these contracts cannot be terminated. The rental income obtained based on the hotel lease agreement is variable and is not guaranteed after purchase. A usage fee is charged to the owner when they personally use the unit.
The condominium complex offers extensive resort-style facilities including a restaurant, an observatory large public bath, an infinity pool, a fitness gym, a sky terrace, and the "Okinawa Hanasaki Marche" which houses various restaurants and a convenience store. The monthly running costs include a management fee of 15,300 yen, a repair reserve fund of 6,900 yen, and a condominium management fee of 9,982 yen, totaling 32,182 yen per month. Utilities are separate.
