Renovated Ryukyu Kominka in Motobu with Existing Rental Income
This unique property is a fully renovated Ryukyu-style traditional house located in the Yamakawa area of Motobu Town, Okinawa. The 1LDK layout offers a comfortable living space within a building area of 63.25m². The true standout feature is the expansive land, measuring 1,064m² (approximately 321.86 tsubo), providing significant space and privacy. The property is currently generating a steady income stream, leased at a monthly rent of 250,000 yen (tax included), which translates to an annual revenue of 3,000,000 yen, offering a surface yield of 9.375%.
Key equipment and facilities include a BS antenna. The property features a flat plot of land. Important special notes and remarks must be considered: The sale does not include furniture, appliances, or equipment. In its current state, the building is not connected to a road that meets the Building Standards Act, making reconstruction impossible, and the building itself is unregistered. The current status is tenanted. The property has been renovated and includes a shared sauna room.
The Motobu area is famous for the Okinawa Churaumi Aquarium, one of the largest aquariums in the world, drawing visitors from across the globe to its massive Kuroshio Sea tank. This property offers an opportunity to own a piece of Okinawan cultural heritage—a renovated kominka—on a large plot while benefiting from an existing rental business, currently operated as a lodging facility.
