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Izumikyo Development Land & Lodge

¥250,000,000
USD: $1,612,903
Price per sqm: ¥702,247
Price per Tsubo: ¥2,321,478
N/A
N/A
356sqm
N/A
Hokkaido, Hirafu
3-chome-18-21 Nisekohirafu 5 Jo, Kutchan, Abuta District, Hokkaido 044-0086

Prime Development Opportunity in Izumikyo 2 with Mt. Yotei Views

Positioned in the quiet and highly sought-after neighbourhood of Izumikyo 2, this exceptional corner site offers stunning Mt. Yotei views and represents one of the few remaining land parcels of this scale available in the area.

Ideally suited for the development of a luxury chalet-style residence or boutique condo hotel, the property presents a rare opportunity to secure a premium development site in one of Niseko’s most desirable locations.

The existing lodge is currently leased to a local company, providing guaranteed rental income during the redevelopment and planning phase. Alternatively, with some light renovations, the lodge could be restored and operated once again as a guest house, featuring a total of 10 rooms, hardwood flooring throughout, and a full commercial kitchen.

Izumikyo 2 is renowned for its peaceful alpine setting while remaining conveniently close to the vibrant heart of Grand Hirafu. The property is within walking distance to popular cafés and restaurants and is located on the resort shuttle bus route, offering easy access to the ski lifts and surrounding attractions.

Whether you are seeking a land banking opportunity, redevelopment project, or hospitality investment, this property offers exceptional potential in the heart of the Niseko region.

Property Highlights

  • Prime corner site in Izumikyo 2
  • Stunning Mt. Yotei views
  • Rare large-scale development parcel
  • Existing lodge with current rental income
  • Potential for luxury chalet or condo hotel development
  • Existing guest house configuration with 10 rooms
  • Hardwood flooring throughout
  • Full commercial kitchen
  • Walking distance to cafés and restaurants
  • Close proximity to Grand Hirafu ski resort
  • Located on the resort shuttle bus route

Contact the NISADE Real Estate team today to learn more about this outstanding development opportunity in Niseko.

FAQ

1. Sales Process

Answer: The process begins with a formal offer (Offer Acceptance). Once accepted, NISADE drafts the Sale and Purchase Agreement and the Statement of Important Matters. After signing, the buyer pays a deposit to a solicitor’s trust account. Legal documents like the Power of Attorney (POA) and Affidavit are then executed and notarized to finalize the title transfer at settlement.
Answer: The standard timeline for title transfer and closing in the Niseko area is approximately 4 to 6 weeks, though this can be adjusted based on the agreement between the buyer and seller.
Answer: No. Japan offers 100% freehold ownership rights. There are no legal restrictions on foreigners (individuals or entities) purchasing or owning real estate or land in Japan.

2. Investment & Returns

Answer: Niseko is Japan’s fastest-growing real estate market. It has evolved from Asia’s top winter destination into a year-round resort featuring world-class gastronomy and wellness. Significant institutional investment from global firms continues to drive the region’s development.
Answer: Properties typically see between 90 to 120 days of occupancy per year. Net yields generally range from 1% to 3%, depending on owner usage. Returns can be optimized by ensuring availability during peak periods like Christmas, New Year, and Chinese New Year.

3. Costs & Taxes

Answer: Buyers should budget approximately 5% of the purchase price for closing costs. This includes solicitor fees, acquisition taxes, stamp duty, and agency commissions (typically 3% + ¥60,000 for secondary market sales).
Answer: Owners are subject to an annual Fixed Asset Tax, calculated at 1.4% of the government-assessed value (usually lower than the market price). Additionally, if the property generates rental income, net profits are subject to Japanese Income Tax.

4. Property Management

Answer: Management typically covers reservation handling, general maintenance, utility bill payments, cleaning, laundry, snow clearing, and comprehensive fiscal/accounting services for the owner.
Answer: Management fees generally total around 35% of the nightly rate (split into a 10% administrative fee and a 25% rental management fee), plus annual fixed maintenance costs.

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162.29sqm
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3-17 Niseko Hirafu 1-jo 4-chome, Kutchan-cho, Abuta-gun, Hokkaido 044-0080, Japan.
Tel: +81 (0) 136-21-5811 Whatsapp: +819083676683 Email: [email protected]

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Izumikyo Development Land & Lodge
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