Sweet Spot Madarao

Type & Condition : Used Lodge / Income-Producing Alpine Property (Operating & Renovated)

Location : 1101-55 Tarumoto, Myoko-shi, Niigata-ken 949-2223, Japan (Madarao Mountain Area)

Transportation :
Approx. 20 minutes’ drive from Iiyama Station (Hokuriku Shinkansen – direct from Tokyo, approx. 1 hr 25 min)
Approx. 30 minutes to Myoko Kogen Ski Resorts
Approx. 40 minutes to Nozawa Onsen Ski Resort
Approx. 40 minutes to Lotte Arai Ski Resort

Land Area (㎡) : 1,551 ㎡

Land Tenure : Freehold

Floor Area (㎡) : 383 ㎡

Building Structure : Three-storey lodge building with annex apartment

Configuration :
Main Lodge:
• 10 Guest Bedrooms
• 3 En-suite Bathrooms (all with underfloor heating)
• Reception / Lounge Area
• Male & Female Communal Bathrooms and Toilets
• Ski Room & Dry Room

Annex Building:
• 4-Bedroom Self-Contained Apartment (internally connected)

Bedrooms / Bathrooms :
Approx. 14 Bedrooms total
(10 guest rooms + 4-bedroom apartment)
Bathrooms: Combination of en-suite and communal facilities

Building Date : September 10th 1976

Land Use District : Commercial zone

Legal Restriction : Quasi-fireproof area with a 20-meter height limit

Building Coverage Ratio : 60%

Floor Area Ratio : 200%

Land Category : Residential Land

Public Utility : 
City gas
Public water supply
Public sewerage
Electric power

Current Status : Currently operating as a guesthouse / ryokan

Neighborhood : Shopping District

Handover : Negotiation

Indictive net yield : 7.1% Cap Rate

Transaction Terms : Exclusive brokerage with Shiki
Agent commission payable upon successful contract conclusion

Remarks : 
Originally constructed in 1976
3-storey structure (wood & reinforced concrete, galvanized steel roof)
Total floor area: 440.62㎡
Property – Can be managed by Shiki

Sales Representative : Ben Howard