Traditional House in Kure, Hiroshima with Sunset Views and Rental Income Potential
This property is a traditional wooden house located in Kure City, Hiroshima Prefecture, offered for sale as land with an existing building (現状渡し). The land area is 170.54 square meters, and the building has a floor area of 59.50 square meters. The structure is a single-story wooden building. The property is currently being rented out as a simple rest area to a local acquaintance for 5,000 yen per month, with the tenant indicating an intention to continue renting until around January 2025. This means the new owner can expect some rental income immediately after purchase, even if immediate renovation is not possible.
The property features several traditional elements including a substantial beam at the entrance, a sunken kotatsu (掘りごたつ), columns retaining the original construction timber, and a transom (欄間). It has a small front garden and a back garden. The bathrooms and toilet are in good condition and do not require repair, with a spacious bathtub and a flush toilet.
However, there are several known issues that the buyer will need to address. The property is located in a yellow zone, which is an area with many slopes in Kure City. There is a high likelihood of a gas leak from the gas pipe on the premises, limiting the use of city gas. Hiroshima Gas has indicated that propane gas can be used as a temporary substitute, though permanent repair will eventually be necessary. The main water supply shut-off valve on the property is stuck and requires repair, which involves breaking the concrete near the entrance and digging into the ground, requiring a designated plumber. The glass doors at the entrance and in the back garden are broken and need replacement. The tatami mat flooring in some rooms is soft, but the owner has already removed the deteriorated underlayment and reinforced the joists, making it ready for new flooring material. The property has no fixed asset tax as it is below the exemption threshold.
The property is located about a 15-minute walk from Kure Station, which is undergoing redevelopment, with plans for a high-rise apartment and commercial complex on the former Sogo department store site by 2027. Despite its proximity to the station, the area is quiet and peaceful. New supermarkets, a drugstore, and a sushi restaurant have recently opened nearby, enhancing the living environment. The property offers a view of Kure Port with sunsets.
The seller is looking for a quick sale. The asking price is 1,500,000 yen (tax included). The transaction will be on an as-is basis and by public register.
