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¥11,197,200

Wakayama, Wakayama

和歌山県和歌山市神前

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Building Plot in the Kanzaki Subdivision, Wakayama City

This is a vacant building plot located within the Kanzaki subdivision, a development area in Wakayama City, Wakayama Prefecture. The land has a surveyed area of 143.5 square meters (approximately 43.4 tsubo) and is registered as residential land. The site is flat and benefits from a frontage onto a road measuring at least 6 meters wide to the north. There is no requirement for a setback, and there is no private road burden. The property is subject to a building coverage ratio of 60% and a floor area ratio of 200%. There are no building conditions attached, meaning buyers are free to choose their preferred house builder. The land rights are freehold, and the transaction type is through a real estate agent. The property is located in a zone designated as an urbanization control area (市街化調整区域).

All essential utility infrastructure is available, including public water supply, propane gas, and a septic tank system. According to the agent's notes, this parcel is part of a subdivision approved under a development permit (reference code 148001-23463). Please be aware that the land area and shape may be subject to change. The buyer will be responsible for the following costs at the time of settlement: a water main connection fee, the cost of constructing the perimeter concrete block wall, and any ground improvement works. Additionally, the buyer must cover the cost of installing boundary blocks and a mesh fence (either 2 or 3 courses of concrete blocks plus a 60cm mesh fence) at a rate of 22,000 yen per meter (tax included). If this boundary is shared with an adjacent property, the cost will be split. A separate water facility usage fee of 1,100 yen per square meter (tax included) is also the buyer's responsibility. The property is currently vacant and ready for viewing; interested parties are encouraged to contact the listing agent to arrange a convenient time.

This description was AI-generated from the original Japanese listing and may contain inaccuracies. Please verify details with the source listing.

Summary

Land size: 144 / 1,545sqft

Short-Term Rental (Minpaku)

Transport

KIX

Kansai International Airport — 24 km away

Nearby Konbini

Lawson Lawson — 10 min walk
Daily Yamazaki Daily Yamazaki — 12 min walk
Seven Eleven Seven Eleven — 16 min walk

Internet Connectivity

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¥11,197,200

Wakayama, Wakayama

和歌山県和歌山市神前

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Source: www.homes.co.jp

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Estimates only. Actual costs vary by property, municipality, and transaction details. Book a consult →

Minpaku Legality Notice

Whether short-term rental (Airbnb/minpaku) is legally permitted at this property is unknown without due diligence. Approval depends on local zoning, municipality-specific rules, fire safety compliance, and public health office licensing — a process that typically costs ¥300,000–400,000 in administrative fees.

These figures are illustrative only and do not imply short-term rental is permitted here. Note: rentals of 30+ days generally do not require minpaku licensing.

Nightly Rate
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Expenses breakdown
Cleaning
Platform fees (3%)
Management (20%)
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Monthly equivalent

Actual revenue varies by location, property quality, season, and management. Adjust sliders to model different scenarios.

Renovation Budget
Annual Rental Income

Auto-filled from Airbnb estimate

Total Investment
Purchase price
Renovation
Transaction costs
Total investment
Annual Costs
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Returns
Annual yield
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5-year return
10-year return
0 yr5101520+

Estimates only. Non-resident foreign owners are subject to a 20.42% withholding tax on Japanese rental income — enable the toggle above to model this. Actual returns depend on rental demand, management quality, renovation scope, and market conditions.

All figures are illustrative estimates only and do not constitute financial, investment, or legal advice. Consult a qualified professional before making any investment decision. Terms apply.

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