Vacant Building in Tokyo

ID: I0073001 Azabu-juban Suitable for capsule hotel use 

Price: JPY1,100,000,000 

Expected Gross yield: 7.4% - Operated as capsule hotel

Expected Gross yield: 4.17% - Office use


The building is currently vacant and suitable for use as a capsule hotel.
This vacant building boasts a prime location, just a 2-minute walk from Azabu-juban Station, nestled in a quiet residential area in the heart of the city. It's ideally situated near popular tourist attractions such as Tokyo Tower, Shiba Park, and Zojoji Temple, all within walking distance. The nearby Azabu Juban shopping street offers a delightful array of dining options including yakiniku (barbecue), yakitori (grilled chicken), ramen (noodles), and charming cafes. When night falls, immerse yourself in the vibrant nightlife of Roppongi, Roppongi Hills, Azabudai Hills, and Tokyo Midtown, where you can enjoy movies, dining, shopping, and much more.

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Roppongi Hills                                                                             Azabudai Hills

 

High returns can be expected from the strong inbound demand in this prime location.

The number of foreign visitors to Japan is increasing every year, leading to a surge in demand for accommodation. Hotels in Tokyo continue to be fully booked, with prices skyrocketing. Due in part to the weak yen, we expect this inbound trend to continue. A hotel just a 2-minute walk from Azabu-juban Station, with easy access to all major stations in Tokyo, would be an ideal location for tourists enjoying Tokyo sightseeing. This prime location enables the planning of a hotel business that is expected to generate stable and high returns, capitalizing on the growing influx of international visitors.

Operation as a capsule hotel

Prior to the COVID-19 pandemic, this building operated as a capsule hotel, receiving high ratings from guests. Capsule hotels, a lodging concept unique to Japan, offer an affordable alternative to regular hotels. They feature private capsule-shaped beds and essential amenities such as washrooms, toilets, and showers, making them ideal urban accommodations.

In recent years, capsule hotels have gained popularity among foreign travelers seeking a distinctive and authentic Japanese experience. The combination of lower rates and a unique lodging experience makes capsule hotels particularly appealing.

Operational plans can be proposed for the successful management of this capsule hotel.

 

"Can be operated as a business hotel, Airbnb, or office space
The current condition is skeletal and allows for versatile usage, including as a business hotel, Airbnb, office rental, etc.

 

 

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Azabu-juban Vacant building Property Description  

Address Higashi-azabu 3-chome, Minato-ku, Tokyo
Station

2 min-walk from Azabu-juban station on Toei Oedo Line, Nanboku Line

Sales price

JPY1,100,000,000

Sales at present

-

Sales at full occupancy -
Ownership type Ownership
Structure RC with 7 floors above
Capacity 94 people in case of Capsule hotel 
Completion

September 2019   

Building-to-land ratio

80%

Floor-to-land ratio 500%
Zoning Commercial Zone
Land area 105.03 sq.m
Gross floor area 470.66 sq.m
Delivery Negotiable

 

For further details, please feel free to contact us.
Sales Division Staff: (Mr.) Kajikawa at 03-3588-0131

Please feel free to contact us


PLAZA HOMES
Sales & Purchase Div.

Mon-Sat 9:00am-5:40pm(JST)

03-3588-0131