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Three-storey building with green siding, a timber-look balcony panel and a covered front entrance
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Building exterior

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

November 2025
Year Built
Approx. 7 min
To Keisei-Tateishi Station (Keisei Oshiage Line)
Operating
Occupancy
Approx. 11.51%
Indicative Gross Yield

Property Description

Hotel Nesta Tateishi Eight is a newly built inn building at 8-14-12 Tateishi in Katsushika Ward, completed in November 2025 and seven minutes on foot from Keisei-Tateishi Station. Three wood-framed storeys give a total floor area of 165.19 sq m on 105.84 sq m of freehold land.

The inn business licence is already in place and the building is trading. It is offered furnished and fitted with appliances, and the listing notes that it can operate every day of the year. The second floor is given over to a long open living and dining room with the kitchen, and the plans show a maximum capacity of twenty guests across one queen bed, eight double beds, a single sofa bed and a futon — generous for a group or several families booking together.

The listing gives annual revenue of JPY 19,330,000, annualised from April and May 2026, an indicative gross yield of approximately 11.51% on the asking price and a net yield of 7.25%. The inn licence and the operating arrangement can be taken over, subject to negotiation, with room to discuss the price where the buyer keeps the current operator. Revenue records and the succession terms are shared on enquiry.

Property Details

Property TypeInn / Lodging Building (Whole Building)
Asking PriceJPY 168,000,000
Address8-14-12 Tateishi, Katsushika-ku, Tokyo
Nearest StationKeisei-Tateishi Station (Keisei Oshiage Line)
Walking DistanceApprox. 7 min
Land Area105.84 sq m, registered (setback approx. 1.35 sq m)
Building Area165.19 sq m (1F 62.62 / 2F 64.28 / 3F 38.29 sq m)
Building StructureWood frame, 3 storeys
Year BuiltNovember 2025
ZoningCategory 1 Residential District, Quasi-Fire Prevention District, Height Control District (Type 2), urbanisation promotion area
Building Coverage Ratio60%
Floor Area Ratio200%
Land CategoryResidential land
ParkingNone
FurnishingFurnished, with appliances
TenureFreehold Ownership
Licence StatusInn business licence obtained; currently operating
Operation TypeOperator in place; continuation negotiable
OccupancyOperating
HandoverBy arrangement

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

Income

Annual Lodging Revenue
JPY 19,330,000
Basis
Annualised from April–May 2026 revenue ×6, as stated in the listing material
Indicative Gross Yield
Approx. 11.51%
Net Yield (as stated)
7.25%
Occupancy
Operating
Handover
By arrangement

Gross yield before operating and ownership costs.

The revenue figure is lodging revenue from operating the building as an inn, not rent from a tenant. It is stated in the listing material, is not audited, and remains subject to verification.

The revenue is annualised from two months of trading and may not reflect a full year, including seasonal variation.

Location, Transit & Everyday Convenience

The building stands in Tateishi 8-chome in Katsushika Ward, a residential district in the north-east of Tokyo. The listing material records Keisei-Tateishi Station at approximately seven minutes on foot.

Keisei-Tateishi is on the Keisei Oshiage Line, which runs through towards Oshiage and central Tokyo and connects with Keisei services 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.

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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, residential land rose 5.6%, and land across all uses in the ward rose 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.

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 rent, 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 11.51% and the net yield of 7.25% are calculated on the annual revenue stated in the listing material, annualised from April–May 2026. They are not contracted, audited or guaranteed figures.
  • Succession of the inn business licence and continuation of the current operator are subject to negotiation with the seller and to confirmation of the procedures required.
  • The building name is taken from the listing file and remains subject to confirmation.
  • 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.