Spacious Property with Shop and Renovated Share House in Kitakami, Iwate
This offering presents a substantial set of buildings and land located in Kitakami City, Iwate Prefecture. The property is being sold as a package including a shop, a share house, and approximately 696 tsubo (2,297.55 square meters) of land. The shop space is currently leased, generating an annual rental income of 924,000 yen. The share house is actively seeking tenants, with a projected annual income of 5.28 million yen.
The share house is a two-story wooden structure that has undergone a major renovation. It is equipped with an elevator, making it accessible for elderly residents. The unit features two toilets, a separate bath and toilet, a shower, and air conditioning throughout. The building was previously operated as a ryokan (Japanese inn). The large-scale renovation has left the interior in clean condition. An elevator was installed specifically to improve accessibility for older occupants.
The property is listed at a limited-time price of 50,000,000 yen. Kitakami City is situated in the center of the Tohoku region and serves as a hub, with major companies opening offices in the area. The expansive land, roughly 700 tsubo, fronts National Route 107, a key road connecting Iwate's Kitakami to Akita's Yokote. Access to the Tohoku Expressway is a quick 5 to 6-minute drive, and Kitakami Station on the Tohoku Shinkansen line is approximately 15 minutes away. This transaction is on an as-is basis and will be handled as a boundary survey sale.
