Development potential located in the heart of Madarao

• Large parcel of land with a lodge ready for redevelopment is available in the heart of the commercial precinct of Madarao Ski Resort in Nagano
• The Madarao Resort was recently acquired by "The Patience Capital Group" and, according to news reports, they have further plans to invest and re-develop the area.
• With a total land area of 16,603.81 sqm, the development opportunities are endless in this prime location.
• The property comes complete with an existing lodge by the name of "Madarao Joy" which was constructed in 1978 and is a concrete and steel structure. The building consists of 10 bedrooms with en-suites a large lobby area with bar space, expansive dining area and commercial kitchen. The building also has a large function room with two large communal bathrooms.
• The lodge itself was fully renovated in 2018 but has not been used since March of 2020. Therefore, rectifications are required especially to the roof which is leaking in places and has spread damage to one of the rooms on the upper level.
• Hot water boilers and A/C units will all need to be checked for workability.
• The 'Hotel Diamond' Building and annexes located on the land require demolition to make way for redevelopment.
• The outlook from the land is breathtaking with sweeping views available over the Iiyama valley.
• Large lots with easily accessible and buildable land are rare in the area so don't miss out on this fantastic commercial opportunity.