Operating Inn in Prime Shirakaba Lake Location
This property is a currently operating inn situated on a prime roadside lot along the circular road around the popular tourist destination, Shirakaba Lake, in Chino City, Nagano Prefecture. The building was constructed approximately 45 years ago, with the fourth floor renovated from Japanese-style to Western-style rooms in 1985. The owner, who has been operating the business single-handedly, has decided to sell due to reaching the limits of solo management regarding maintenance and revenue.
The first floor consists of commercial space suitable for a souvenir shop or restaurant. The second floor houses a large hall and dining area. The third floor contains 10 Japanese-style rooms, and the fourth floor has 12 Western-style rooms. The current business model is accommodation only (no meals), but the listing notes that revenue could be increased by offering meals. The first-floor commercial space could also be utilized as a souvenir shop, restaurant, or leased out to generate additional income.
The property is constructed with reinforced concrete and steel frame. The total land area is 767 square meters, and the building has a total floor area of 301 square meters. The property is sold with the existing building on leased land, with an annual ground rent of 41,440 yen. The annual fixed asset tax is 451,275 yen, and the city planning tax is 64,467 yen. The property is being sold in its current condition and based on the public registry.
Several areas requiring attention were noted in the listing. There are a few malfunctions with the ventilation fans in the unit bathrooms on the fourth floor. The water-cooled chiller for air conditioning installed on the roof is broken; replacement with an air-cooled system or individual room air conditioners is possible. The hot water pipes for winter heating are broken but repairable. Individual stoves have been installed in each room as a current solution. During periods of prolonged heavy rain, a water leak occurs by the window in one Western-style room. The circulation filter system is due for replacement. After heavy rain, water may appear on the first-floor shop floor. There is a damaged section on the bathroom exterior wall due to temperature differences. The roof requires inspection. A portion of the exterior roof above the shop has corroded and peeled off. There is some water leakage in the room below the men's bathroom on the second floor.
Monthly operating expenses, including electricity, water, property tax, linen, and fuel costs, are estimated to be in the 300,000 yen range. The property is suitable for year-round operation, catering to activities such as skiing, snowboarding, hiking, mountain climbing, driving, motorcycling, and visits to amusement parks. The asking price is from 20 million yen.