Property Overview: Gifu Prefecture House with Land Lease

This is an owner-change detached house property located in Neo Itajō, Motosu City, Gifu Prefecture. The property was acquired under special circumstances and is being offered at a price below market value. The property is currently tenanted, generating a monthly rent of 46,000 yen, with the tenant having passed a guarantee company screening. Property management is currently handled by a management company for a monthly fee of 3,300 yen, and this management contract can be transferred to the new owner. Alternatively, the new owner may choose to manage the property independently.

The property features a large garage with space for one car, plus additional parking space on the premises for 4 to 5 vehicles. The seller notes that this property is an excellent option for those seeking a rural lifestyle. The famous Usuzumi Zakura cherry blossom tree, one of Japan's three great cherry trees, is approximately a 14-minute walk away, and a scenic river flows alongside the property. The seller's ongoing costs for this property are limited to fire insurance, annual fixed asset and city planning tax (25,200 yen), and land occupancy fees (49,220 yen annually).

Please note this is a property with a land lease; the land is owned by Gifu Prefecture and is leased under a special arrangement. The seller requests exemption from liability for contractual defects. The property is being sold as-is, based on the official registry.