International Interface Co., Ltd.Broker Licence: Tokyo Governor (3) No. 96857
Selected images and diagrams are reproduced from the materials supplied for this listing.
This is a newly built lodging building at 2-24-5 Horikiri in Katsushika Ward, eight minutes on foot from Horikiri-Shobuen Station on the Keisei Main Line. Completed in July 2025, it is a wood-framed building of three storeys with a total floor area of 138.95 sq m on 87.03 sq m of freehold land.
The plans lay the building out as eight separate guest rooms — three each on the ground and first floors and two on the second — of roughly 6.1 to 7.7 jō, each with its own entrance, bathroom and WC. The rooms are let furnished, and the listing notes that the building can operate throughout the year, as a licensed inn may.
The listing states that the inn business licence has been obtained and the building is operating, and that succession of the licence and continuation of the outsourced operation can both be discussed. Annualised lodging revenue is JPY 27,580,000, calculated from October 2025 to June 2026 revenue divided by nine and multiplied by twelve, a gross yield of approximately 17.5% on the asking price; the net yield, recalculated on the current asking price from the figure in the listing material, is approximately 10.2%. Because the building has been trading for less than a year, the figure is an annualisation rather than a full year of results.
| Property Type | Inn / Lodging Building (Whole Building) |
|---|---|
| Asking Price | JPY 158,000,000 |
| Address | 2-24-5 Horikiri, Katsushika-ku, Tokyo |
| Nearest Station | Horikiri-Shobuen Station (Keisei Main Line) |
| Walking Distance | Approx. 8 min |
| Land Area | 87.03 sq m, registered |
| Private Road Burden | Private road portion 19.88 sq m; frontage onto a designated private road (位置指定道路) |
| Building Area | 138.95 sq m (ground floor 52.04 sq m, first floor 52.04 sq m, second floor 34.87 sq m) |
| Building Structure | Wood frame, 3 storeys |
| Year Built | July 2025 |
| Zoning | Category 1 Residential District, Quasi-Fire Prevention District, Class 2 Height Control District, district plan, urbanisation promotion area |
| Building Coverage Ratio | 60% |
| Floor Area Ratio | 200% |
| Land Category | Residential land |
| Parking | None |
| Tenure | Freehold Ownership |
| Licence Status | Inn business licence held and operating; succession of the licence negotiable |
| Operation Type | Operating, furnished; continuation of the outsourced operation negotiable |
| Occupancy | Operating |
| Handover | By arrangement |
| Date Updated | 29 September 2026 |
Areas are the registered figures from the listing material and remain subject to verification.
Gross yield before operating and ownership costs. The yields are recalculated on the current asking price from the revenue and net-yield figures in the listing material; the basis of the net-yield calculation is confirmed on enquiry.
Revenue is lodging revenue, not rent, annualised from nine months of trading. It is the figure stated in the listing material, not an audited figure, and remains subject to verification.
The building stands in Horikiri 2-chome in Katsushika Ward, in the low-rise residential east of Tokyo near the Arakawa River. The listing material records Horikiri-Shobuen Station on the Keisei Main Line at approximately eight minutes on foot.
The Keisei Main Line runs west to Nippori and Keisei-Ueno, where it connects with the JR lines, and east towards Narita Airport.
Journey time for the quickest route, including any changes, weekday 10 am departure; Yahoo! Japan Transit, searched October 2026. Walking to the station is not included; airport trains may carry a limited-express charge. Haneda: Terminal 3 (international); Narita: Terminal 1.
The map indicates the location of the property. Walking times above are as stated in the listing material.
Open in Google MapsThe building's figure is the asking price divided by the total floor area, so it includes the land; the official land price is per sq m of land alone.
All figures are public statistics for the wider area, not an appraisal of this building, and none of them guarantees future revenue, value or performance. The 2025 occupancy figures are preliminary.
Sources:
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