Ocean View Condominium with Jacuzzi and Hotel Operation Potential in Motobu
This is a unique investment opportunity for a condominium unit within the Alpha Terrace Motobu Hills development. The property offers a 1LDK layout with an ocean view terrace and a jacuzzi, providing a luxurious living experience. When not in use by the owner, the unit is intended to be operated as hotel accommodation, generating rental income.
Critical investment details from the agent notes are as follows: Assuming a 60% occupancy rate, the surface yield is projected at 14.8%. Detailed simulation of operational yield is available upon request. This property qualifies for investment property loans. Monthly fees include a management fee of 32,000 yen (non-taxable) and a repair reserve fund of 6,600 yen (non-taxable). Upon handover, a lump-sum payment of 402,000 yen for the repair reserve fund and 110,000 yen (tax included) 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. The rental income obtained under the operation entrustment contract is variable and is not guaranteed after purchase. The owner is entitled to up to 30 days of free accommodation per year. If the owner uses the property for more than 30 nights in a year, usage fees will apply. The land size is 1,459.58 m² with a share of 6696/53568 (the site is jointly owned). The current status is completed.
The listing agent, Minsa House, emphasizes their expertise in Okinawan real estate and finance, with staff from Recruit SUUMO and major financial institutions. They highlight their commitment to detailed life planning, deep property information (including crime statistics and maximum seismic intensity predictions), sharing architectural insights, and exceeding expectations with speed and sincerity. As a closing bonus, they offer free consultation support post-handover for asset management, tax-saving measures, and various subsidies. They have seven offices across Okinawa from north to south and offer 24-hour property tours and purchase consultations by prior appointment.
