Long-Term Leasehold Land for Resort Hotel Investment in Yomitan Village
This is a substantial 1,023 square meter plot of land (approximately 309.45 tsubo) located in the Tokeshi area of Yomitan Village, Okinawa. The property is being offered for sale at a revised price of 16.5 million yen. It is currently under a long-term lease to a resort hotel, providing a stable and attractive income stream ideal for asset management and investment. The land is classified as 'miscellaneous land' (zasshuchi) and is situated in a non-lineage urban planning area with unrestricted use zoning. Building coverage and floor area ratios are set at 60% and 200%, respectively.
Critical financial details from the agent's notes are provided: the annual leasehold fee (借地料) is 321,222 yen, and the property tax equivalent amount (固定資産税相当額) is 133,800 yen, resulting in a total annual outlay of 455,022 yen. This transparent breakdown is essential for calculating net returns. The listing is a general intermediary transaction, and the seller is responsible for ownership transfer costs, fixed asset tax settlement funds, and contract stamp duty.
The Yomitan area on Okinawa's west coast is renowned for its beautiful coastline, rich cultural history, and stunning sunsets. An interesting historical fact is that Yomitan is home to the Zakimi Castle ruins, a UNESCO World Heritage site, which showcases the unique gusuku (Ryukyu castle) architecture of the Ryukyu Kingdom. The property is conveniently located within driving distance of major tourist attractions like the scenic Cape Zanpa and its iconic lighthouse, a popular spot for visitors seeking panoramic ocean views.
