Alpha Terrace Motobu Hills B-Unit: A Resort Condominium with Hotel Management in Motobu
Critical agent notes provide essential details for prospective buyers. The property operates under a mandatory hotel management scheme. Monthly fees include a 32,000 yen (tax-exempt) management fee and a 6,600 yen (tax-exempt) repair reserve fund. Upon taking possession, a lump-sum payment of 402,000 yen for the repair reserve fund and 110,000 yen (tax-inclusive) for photography for booking site listings is required. Owners must enter into an "Alpha Terrace Motobu Hills Operation Entrustment Contract" for their unit. As hotel operation is a prerequisite, this contract cannot be terminated for the first five years. Importantly, rental income generated under this contract is variable and not guaranteed after purchase. When the owner uses the property, usage fees will apply if the stay exceeds 30 nights in a year. The land, totaling 1,459.58 square meters, is shared among the eight units, with this unit's share being 6696/53568. The current condition is completed but unrenovated.
