Land in Asahi Hanazono North Hills: Dual Parcel with Vacant Lot and Tenanted House

This exceptional dual-parcel property in the sought-after North Hills development of Hanazono, Niseko, presents a rare investment and development opportunity. The site comprises two sloping blocks totaling over 2,126 square meters of land, offering commanding views of both Mount Yotei and the ski resort slopes, all just a minute's walk from the main Hanazono resort area. One block is a vacant lot, while the other is occupied by a solid, well-maintained house built in 2002, which is currently tenanted, providing immediate rental income to offset holding costs.

The North Hills area is popular due to its established utilities, infrastructure, and management, ensuring reliable property operation. Recent adjustments to local area rules now permit commercial business, making the site even more attractive as it opens the possibility for nightly stay rentals, enhancing yield potential. Building regulations allow for a 30% building coverage and a 100% floor area ratio, with a maximum height of 13 meters. This flexibility allows for developing a new residential or holiday home on the vacant land, or for those seeking a larger project, the existing house could be extended or removed to create a unique, sizable site perfect for a luxury home build.

The surrounding Hanazono area is undergoing significant transformation, bolstered by the presence of the Park Hyatt Hotel & Residences, the Nikko Hotel, and a planned commercial food shopping zone. The coming Shinkansen bullet train and new highway will dramatically improve access to and from the region. The property is under a 10-minute drive to Kutchan JR and future Shinkansen station, and within a 10-minute walk to the restaurants and bars of the Park Hyatt and Nikko Hotel complexes.