Retro Owner-Change Investment Building in Kyoto's Historic Nishijin District

This property is a four-story plus rooftop building located in the Nishijin area of Kyoto, a district renowned for its traditional crafts. The building, which blends seamlessly into the historic surroundings, is situated on Omiya-dori, a prime location. The first floor features retail space, and each floor is currently occupied by tenants. The building has a retro exterior with a well-maintained entrance and staircase, offering bright and open common areas.

According to the agent's notes, the property is an owner-change building with tenants already in place, allowing for a smooth start to real estate investment without the hassle of finding new tenants or renovations. The estimated full occupancy monthly rent is 902,500 yen (excluding tax), with an annual rent of 10,830,000 yen and a surface yield of 4.01%. The building is approximately 50 years old, built in February 1971 (Showa 46), but is in beautiful condition. The first floor is used as retail space, and the entrance and common areas (hallways, stairs) have been renovated. The interior features a modern and refined design with a clean, white-based aesthetic, complemented by the warmth of wooden fittings in the first-floor common area. The property includes parking for two cars and a bicycle parking area. The spacious rooftop had waterproofing work completed in May 2023 and offers good views.

Special notes from the agent indicate that the property will be traded in its current condition (as-is). Rooms that are currently leased cannot be viewed internally. Security deposits and guarantee money held from tenants are not included in the sale price; these will be transferred from the seller to the buyer (Kanto style). The transaction is an intermediary transaction, requiring an intermediary fee at the time of contract.