Investment Opportunity: Resort Condominium in Kusatsu Onsen, Gunma
This listing presents a 1LDK unit within a large-scale resort condominium complex in the famous hot spring town of Kusatsu, Gunma Prefecture. The property is currently under a corporate lease, providing stable rental income. The annual projected rental income is 816,000 yen, with an impressive projected annual yield of 32.63%.
The unit is located on the 5th floor of a 12-story above-ground (with one basement level) reinforced concrete building constructed in November 1993. The exclusive wall-core area is 56.51 sqm (approximately 17.09 tsubo) and features a 1LDK layout with a 7.2-tatami mat Japanese-style room. A 6.47 sqm balcony with eastern exposure is included. Building amenities include an elevator. The unit is equipped with a 2-burner stove/IH cooking heater, storage space, and air conditioning.
Monthly running costs include a management fee of 12,380 yen and a repair reserve fund of 7,690 yen. Additional utilities include a base hot water charge of 2,284 yen, hot water usage fee of 1,100 yen, water usage fee of 1,430 yen, consumption tax of 1,099 yen, and an "Agora Club" membership fee of 18,621 yen. The property is under full entrusted management with an on-site manager. The transaction type is exclusive agency.
The property is situated in the sought-after Kusatsu Onsen area, one of Japan's most famous and historic hot spring resorts, renowned for its high-quality, acidic waters. The location offers convenient access to local amenities while being a prime destination for tourists year-round. A major nearby landmark is the iconic Kusatsu Onsen hot spring field itself, a central and scenic spot in the town.
