Renovated Rental Parking Lot in Atami Villa Area

This property is a renovated rental parking lot situated within a villa area in Atami City, Shizuoka Prefecture. The land, currently vacant and cleared, spans 406 square meters and is being offered for sale. The structure is described as steel-framed and has undergone renovation work, with some photographs showing the property during the scaffolding installation phase of the renovation. The parking operation is currently generating a return of around 5 percent. The property utilizes a system called "Earth Car," a daily parking system. Visitors to nearby villas and other guests use this system for daily rentals. Additionally, six to eight vehicles are consistently under monthly rental parking contracts at 6,000 yen per month. Due to its location within a villa area, the daily rental demand from Earth Car is high, generating monthly revenue of 10,000 to 30,000 yen. Maintenance costs are limited to an annual neighborhood association fee of 6,000 yen and property tax. A large Inaba storage shed was installed on the premises two years ago, which will be included in the sale. A layout diagram of the garage is also available for reference.

The property is located at Nishi-Atami-cho, Atami City, Shizuoka Prefecture. The land area is 406 square meters. The current state is vacant land. The zoning is Category 2 Medium-to-High-Rise Residential Zone. The district planning includes a Scenic Zone Type 2. Other regulations include the Cliff Ordinance and the Land Development Regulation Law. The building coverage ratio is 40 percent, and the floor area ratio is 200 percent. The land rights are freehold, and there are no building conditions. Delivery is negotiable. The transaction will be conducted on an as-is basis and by public record sale.