Investment Opportunity in Hakui City: Prime Station Front Property
This property is a steel-framed building with land located within the rotary area directly in front of Hakui Station in Ishikawa Prefecture. The seller acquired the property due to an opportunity to take over the land and building, which they consider a very valuable asset in this location. The seller has been unable to manage the property due to the distance from their current residence and the snowy climate. The property is being offered for sale as the seller requires cash for the purchase of another property, and therefore only early contracts will be considered.
The land area is 286.02 square meters. The building was constructed in 1972 (Showa 47) and is made of steel frame construction with a colored steel sheet roof. The property includes a main building with one tenant space on the first floor and two tenant spaces on the second floor. Connected to the rear is a large building with many rooms across three floors, which appears to have been previously used as a dormitory. The seller estimates that if the three tenant spaces are made operational (assuming some repairs are needed), they could generate at least 100,000 to 150,000 yen per month. The large rear building, due to its size and parking potential, could be rented to a contractor for around 100,000 yen per month, based on local market rates. The total potential monthly income from the property, after renovations, is estimated at 200,000 to 250,000 yen.
The key selling point is that land and buildings within the station-front rotary area are extremely rare. The area is reportedly experiencing a revival, with Hakui City recording the highest number of successful Akiya Bank transactions in Japan last year (51 properties). A new facility called "Rakuna Hakui" with high visitor numbers has also opened near the station. The seller notes that the property will require a moderate level of investment for repairs or renovation, as it has not been well-maintained. However, the steel frame construction is considered highly resistant to earthquake collapse. A partial roof leak has been confirmed only in a section between the buildings, in a part of the rear building that is rarely used. The sale price is 4,800,000 yen (tax included), with some price negotiation possible. The property is sold as-is and based on a public register transaction.
