Selected images and diagrams are reproduced from the materials supplied for this listing.
This is a newly built lodging building at 2-34-4 Matsugaoka in Nakano Ward, completed in February 2025. It is a reinforced concrete building of four storeys with a total floor area of 300.40 sq m on 102.47 sq m of freehold land, in a Neighbourhood Commercial District with a floor area ratio of 300%. The listing material records Arai-Yakushi Station on the Seibu Shinjuku Line at fourteen minutes on foot.
The building is already trading and is let furnished. The listing states that the inn business licence has been obtained and the building is operating under it, and that the licence can be taken over by a buyer. Some rooms, however, are operated under the Private Lodging Business Act (minpaku) rather than the inn licence, and those would need a new notification by the buyer.
Lodging revenue over the most recent twelve months was JPY 47,440,000, a gross yield of approximately 10.78% on the asking price, and the listing puts the net yield at approximately 7.31%. The guest rooms, the operating arrangement and the split between the inn licence and the minpaku rooms are set out in the material shared on enquiry.
| Property Type | Inn / Lodging Building (Whole Building) |
|---|---|
| Asking Price | JPY 440,000,000 |
| Address | 2-34-4 Matsugaoka, Nakano-ku, Tokyo |
| Nearest Station | Arai-Yakushi Station (Seibu Shinjuku Line) |
| Walking Distance | Approx. 14 min |
| Land Area | 102.47 sq m, registered |
| Building Area | 300.40 sq m (ground floor 66.91 sq m; first, second and third floors 77.83 sq m each) |
| Building Structure | Reinforced concrete, 4 storeys |
| Year Built | February 2025 |
| Zoning | Neighbourhood Commercial District, Fire Prevention District, Class 3 Height Control District, urbanisation promotion area |
| Building Coverage Ratio | 80% |
| Floor Area Ratio | 300% |
| Land Category | Residential land |
| Parking | None |
| Tenure | Freehold Ownership |
| Licence Status | Inn business licence held and operating, with some rooms operated under the Private Lodging Business Act; the inn licence can be taken over |
| Operation Type | Operating, furnished |
| 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, and includes rooms operated under the Private Lodging Business Act. It is the figure stated in the listing material, not an audited figure, and remains subject to verification.
The building stands in Matsugaoka 2-chome in Nakano Ward, a residential district on the west side of central Tokyo. The listing material records the Seibu Shinjuku Line station at approximately fourteen minutes on foot.
The Seibu Shinjuku Line runs east to Takadanobaba, on the JR Yamanote Line, and on to Seibu-Shinjuku. 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 Nakano Ward rose 17.5% in the Reiwa 8 (2026) Official Land Price Survey — ahead of Tokyo as a whole at 12.2% and ahead of the twenty-three wards taken together at 13.8%. Residential land in the ward rose 9.0% and all uses 13.1%.
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 Nakano 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.
