495-3 Fuyacho-dori Nijo-agaru Hoteiya-cho, Nakagyo-ku, Kyoto
Beautifully renovated traditional Machiya-house. Tranquil modernity, space efficient design. Currently in operation as a vacation house rental. Fully renovated and licensed as common lodging house* in 2020.
Annual sales (from June 2023 to May 2024): 24.7 million yen.
Gross rate of return: 8.82%
Capitalization rate: 5.51%
Floor space: 1F: 56.19 sq m, 2F: 43.63 sq m
Maximum total floor space in case of reconstruction: 96 tsubo (approx. 317.3 sq m)
Current business website:
https://shikiproperties.com/kyoto/kishoan/
*The term “the business of operating a common lodging house” as used in this Act means the business of running a facility mainly consisting of communal lodging spaces and equipment or furnishings shared by many people, receiving lodging fees, and allowing people to lodge there, other than the business of operating a boarding house.
Located in the city center but not in the Kyoto Gyoen, Kyoto’s Central Park is just a few blocks up, and several minutes walk will take you to Kamo River to stroll. Both Nijo-jo castle and Heian-jingu Shrine are within a half an hour walk.
