Located in the highly convenient downtown district of Kutchan, this turnkey income-producing apartment building presents a stable, high-performing asset in the greater Niseko region.

Property & Tenancy Overview
The property comprises eight well-appointed 2-bedroom, 1-bathroom units. All eight units are currently fully leased to a single corporate entity, which utilizes the building as employee housing. This unified tenancy structure ensures immediate occupancy, zero current vacancy risk, and remarkably streamlined, hassle-free property management for the investor.

Financial Performance
The building generates a stable annual rental income of approximately ¥7,830,000, achieving a robust gross yield of roughly 4.66%. Because the building is fully tenanted, it is strictly an investment vehicle and cannot be used for owner-occupancy (unlike standard vacation condominiums in Niseko). However, in exchange for relinquishing owner-usage, investors benefit from a significantly higher operational yield than typical Niseko condominium investments.

Future Capital Appreciation
Beyond its immediate cash flow, the property offers compelling long-term upside. The road fronting the property is officially slated to become a key access route connecting National Route 5 to the forthcoming expressway network. This major infrastructural upgrade is highly anticipated to drive substantial land value appreciation in the immediate vicinity, making this both a strong yield play and a strategic land banking opportunity.