Historic Hot Spring Town Shop & Residence in Hioki City, Kagoshima
This property is a combined shop and residence situated in the heart of a historic hot spring town in Hioki City, Kagoshima Prefecture. The building, which is over 50 years old, offers a compact shop space on the first floor and two Japanese-style rooms on the second floor. The first floor features a kitchen and counter seating, with a small tatami private room in the back that can accommodate about four people. The second floor contains two rooms of four tatami mats each, complete with closets, which could be used as guest rooms or as a private living area for the owner.
The property is being sold as-is, with the understanding that interior renovations and plumbing work will be necessary. The seller has intentionally not made any improvements, allowing the new owner to renovate according to their own preferences. There are no particular restrictions on the handover date.
The location is within the Yuda area of Higashiichiki-cho, Hioki City, a well-known hot spring resort with a history spanning over 400 years. The area is a blend of Showa-era retro bars, soba shops, and newer establishments like cafes and kitchen cars. A famous hot spring, "Motoyu Uchikomiyu," is a two-minute walk away, offering a natural free-flowing hot spring for 200 yen per visit, or a more economical 2,000 yen for a book of 11 tickets. The neighborhood also has several other public bathhouses and day-trip hot spring facilities.
Convenience is a key feature, with JR Tainozuka Station on the Kagoshima Main Line just a six-minute walk away. A Seven-Eleven convenience store is a three-minute walk, a Taiyo supermarket is a 12-minute walk, and a Hanshin pharmacy is a five-minute walk. The property previously operated as a small restaurant with a monthly rent of 35,000 yen, but it closed due to the COVID-19 pandemic and has been vacant since. The rental yield at that time was 16.8%. The asking price is 2.5 million yen including tax.
