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Three-storey grey-clad inn building completed in 2025
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Building exterior

Selected images and diagrams are reproduced from the materials supplied for this listing.

April 2025
Year Built
Approx. 3 min
To Yotsugi Station (Keisei Oshiage Line)
Operating
Occupancy
Approx. 15.4%
Indicative Gross Yield

Property Description

Completed in April 2025, this three-storey inn stands at 1-18-6 Yotsugi in Katsushika Ward, three minutes on foot from Yotsugi Station on the Keisei Oshiage Line. The wood-framed building has 102.09 sq m of floor space across its three floors, on 79.83 sq m of freehold land where the setback has already been completed.

It holds an inn business licence, is trading now, and is offered furnished. The plans put two bedrooms with double beds, a bathroom, a shower room and a laundry on the ground floor, a living room with a sofa bed and the kitchen on the floor above, and four further double beds with a balcony at the top. The floor plan gives capacity for fifteen guests, and the flyer notes that the building can operate 365 days a year.

The listing records annual lodging revenue of JPY 18,470,000, annualised from revenue for October 2025 to May 2026, an indicative gross yield of approximately 15.4% on the asking price, and a net yield of 8.21%. Subject to negotiation, the seller offers to pass on the inn licence and the current management agency, with room to discuss the price if the buyer keeps the agent on.

Property Details

Property TypeInn / Lodging Building (Whole Building)
Asking PriceJPY 120,000,000
Address1-18-6 Yotsugi, Katsushika-ku, Tokyo
Nearest StationYotsugi Station (Keisei Oshiage Line)
Walking DistanceApprox. 3 min
Land Area79.83 sq m, registered; setback completed, 20.68 sq m
Building Area102.09 sq m (1F 36.43 sq m, 2F 37.36 sq m, 3F 28.30 sq m)
Building StructureWood frame, 3 storeys
Year BuiltApril 2025
ZoningQuasi-Industrial District, Quasi-Fire Prevention District, district plan, Type 2 Height Control District, urbanisation promotion area
Building Coverage Ratio60%
Floor Area Ratio200%
Land CategoryResidential land
Road FrontagePrivate road to the east (11.0 m frontage, 4.0 m wide)
ParkingNone
TenureFreehold Ownership
FurnishingFurniture and appliances included
Licence StatusInn business licence held, currently operating; succession of the licence negotiable
Operation TypeOperated through a management agent; continuation of the agent negotiable
OccupancyOperating
HandoverBy arrangement

Areas are the registered figures from the listing material and remain subject to verification.

Income

Annual Lodging Revenue
JPY 18,470,000
Basis
Annualised: October 2025 – May 2026 revenue ÷ 8 × 12
Indicative Gross Yield
Approx. 15.4%
Net Yield (as stated)
8.21%
Occupancy
Operating
Handover
By arrangement

Gross yield is annual lodging revenue divided by the asking price, before operating and ownership costs.

Revenue is lodging revenue from guest stays, not rent under a lease. The figures are as stated in the listing material, have not been audited, and remain subject to verification.

Location, Transit & Everyday Convenience

The building stands in Yotsugi 1-chome in Katsushika Ward, in the low-rise east of Tokyo just across the Arakawa River. The listing material records Yotsugi Station on the Keisei Oshiage Line at approximately three minutes on foot.

The Keisei Oshiage Line runs through Oshiage, for Tokyo Skytree, onto the Toei Asakusa Line towards Asakusa and central Tokyo, and through-services on the Keisei and Keikyu lines carry it in the direction of both Narita and Haneda airports. 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.

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Katsushika Land Prices and Tokyo Accommodation Demand

Commercial land in Katsushika Ward rose 11.1% in the Reiwa 8 (2026) Official Land Price Survey, and residential land in the ward rose 5.6%.

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.

Katsushika land prices and national visitor numbers, year on year · Tokyo room occupancy 2025
+11.1%
Commercial Land, Katsushika Ward
+15.8%
International Visitors to Japan
76.8%
Hotel Room Occupancy, Tokyo 2025

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:

Important Notes

  • Property information is based on the materials supplied for this listing.
  • Availability, price and other terms may change, or the property may be withdrawn, without notice.
  • The gross yield of approximately 15.4% is calculated on annual lodging revenue annualised from eight months of trading, as stated in the listing material, before operating and ownership costs. The revenue and yield figures are not contracted or audited.
  • Succession of the inn licence and the management agency is subject to negotiation with the seller, and to confirmation of the procedures each requires.
  • Property ownership in Japan does not by itself provide visa or residency rights.

Listing & Transaction Information

Type of Transaction
Brokerage
Listed by
International Interface Co., Ltd.
Tokyo Governor's Licence (3) No. 96857
RE/MAX INTERFACE
Agent: Kenichi Aoki

Availability, price and property details remain subject to confirmation at the time of enquiry.