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 16.9% on the asking price; the listing puts the net yield at approximately 9.9%. 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 163,000,000 |
| 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 |
Areas are the registered figures from the listing material and remain subject to verification.
Gross yield before operating and ownership costs. The net yield is the figure stated in the listing material; the basis of its 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 times vary with the service and any changes, so none are stated here.
The map indicates the location of the property. Walking times above are as stated in the listing material.
Open in Google MapsCommercial land in Katsushika Ward rose 11.1% in the Reiwa 8 (2026) Official Land Price Survey, residential land 5.6% and all uses 7.3%.
The national backdrop is a record year for arrivals: the Japan National Tourism Organization records 42,683,600 international visitors to Japan in 2025, an increase of 15.8% on the previous year and the highest annual figure on record, surpassing the previous peak of 2024 by more than 5.8 million.
On the accommodation side, the Japan Tourism Agency's Accommodation Survey puts room occupancy in Tokyo at 76.8% for the calendar year 2025, up 1.7 points on the previous year and second only to Osaka among the forty-seven prefectures, against 61.8% for Japan as a whole.
These figures describe Katsushika Ward, Tokyo and Japan as a whole, not this individual property. They are not a measure of occupancy, room rates or revenue at this building, they are not an appraisal of this address, and they do not guarantee future revenue, value or performance. The 2025 occupancy figures are preliminary.
Sources:
Availability, price and property details remain subject to confirmation at the time of enquiry.
