Commercial Property Opportunity in Mito, Ibaraki – Former Business Hotel

This property, located at Shinsou 2-chome in Mito City, Ibaraki Prefecture, is a three-storey steel-framed building currently operating as a business hotel. The property is being offered for sale at 35,000,000 yen and presents a unique opportunity for investors or owner-operators in the hospitality sector. The building offers a generous total floor area of 926.78 square meters on a land size of 718.93 square meters. The layout is described as 20K, indicating 20 rooms plus a kitchen/common area. The property was completed in December 1979.

The property is well-situated with good access to the city centre. It is a 19-minute walk from JR Joban Line's Kairakuen Station, and also within walking distance of Mito Station (36 minutes) and Akatsuka Station (45 minutes). The surrounding neighbourhood offers convenient amenities, with a Sunny Supermarket approximately 970 meters away, a Seven-Eleven convenience store about 320 meters away, a Tsuruha Drugstore roughly 900 meters away, and a post office around 570 meters away. The property benefits from road frontage on three sides: a 7-meter wide road to the southwest, a 4-meter wide road to the east, and a 7.1-meter wide road to the north. There is no private road maintenance obligation.

All agent notes from the listing have been translated and incorporated. The property is being sold on an as-is basis (現況有姿売買) with a disclaimer for contract non-conformity liability (契約不適合責任免責). A farmland conversion notification (農転届出要) is required. Utilities include public water supply (公営水道), main sewer (本下水), and individual LPG gas (個別LPG). The property is located in a commercial and Category 2 residential zone, with a building coverage ratio of 80% and a floor area ratio of 400%. The land is held as freehold (所有権). The property is a 3-storey steel-framed building (鉄骨3階建). The listing agent is Apaman Shop Hitachinaka, operated by Goto Shoji Co., Ltd.