Hotel Condo VIVO VIVA Ishigaki Island C Building: A Water Garden Retreat

This property is a studio unit on the second floor of the C Building within the Hotel Condo VIVO VIVA complex on Ishigaki Island, Okinawa. The unit offers a private, exclusive area of 56.40 m² (approximately 17.06 tsubo) and features a spacious 16.80 m² balcony. The layout is designed as an open studio, integrating living, dining, and kitchen areas into a single, airy space of about 23.9 tatami mats. The property is part of a hotel condominium operation, meaning it is managed as a hotel, providing potential rental income when the owner is not in residence.

According to the agent's notes, the equipment and facilities are comprehensive. The electricity service is provided by Okinawa Electric Power Company. The property uses LP gas in a centralized system, public water supply, gas water heaters, and a centralized purification tank for drainage and sewage. The building complex itself boasts extensive amenities including a restaurant, a water garden, a gym room, a spa room, shops, and a poolside bar. Parking is available with 59 car spaces. A key note is that the guest room comes pre-furnished with hotel-designated furniture. Ownership requires entering into a "Cond Hotel Lease Agreement" and an "Asset Management Business Entrustment Contract." As the premise is hotel operation, these contracts cannot be terminated, and rental income derived from the hotel lease agreement is variable and not guaranteed after purchase. A usage fee applies when the owner stays in the unit.

The monthly running costs are detailed and total 50,170 yen. This includes management fees for the complex and building, repair reserve funds for both, a hotel operation management fee, and an asset management business fee. Utilities are separate. The building was constructed in January 2024, is a two-story reinforced concrete structure with a concrete tile roof, and is currently in use as a hotel.