Horikawa Bldg.
INTRODUCTION
A charming 4-story retro building standing along Horikawa Street. The nostalgic atmosphere blends seamlessly with the ruggedness of its concrete structure, creating an inspiring space for creativity.
The greatest feature of this building is its flexible spatial design. While preserving its existing character, the interior can be easily adapted to suit various purposes. Whether as an office, gallery, studio, or shared space, this property offers a multitude of possibilities. Why not create new value in this retro yet versatile space?
INVESTMENT
This property offers various usage possibilities. You can utilize the entire building, rent out a part of it for rental income, use it as a hybrid home-office, or lease out the first floor while planning to open a future business. It allows you to build a revenue stream that fits your lifestyle.
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A Prime Location on a Major Road in an Affordable Price
Horikawa Street is a major arterial road running north to south through Kyoto, offering excellent accessibility and high visibility. Since this property comes with leasehold rights, it remains affordable despite being a full-building investment opportunity.
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An Ideal Area for Starting a Business
Horikawa Street is well-served by city buses, ensuring convenient transportation. The area is home to many educational institutions, attracting a family-oriented demographic. Additionally, it is rich in dining establishments, making it a promising location for launching a business.
| Projected Rental Income (if leased as a whole building) | |
| Expected Monthly Rent | 363,000 JPY (tax included) |
|---|---|
| Land Monthly Rent | 46,500 JPY (tax included) |
| Net Monthly Income | 316,500JPY (tax included) |
| Estimated Yield | 12.74% |
- ※The estimated yield is calculated by dividing the expected annual rental income by the purchase price.
- ※Future rental income is not guaranteed.
- ※The yield is calculated based on gross income before deducting public taxes, maintenance fees, and other costs.
LOCATION
This property faces spacious Horikawa Street, an area well-connected by frequent city buses. From the nearest Shimotoricho bus stop, you can reach Shijo, Kyoto’s central area, with a single ride.
With elementary and junior high schools in the vicinity, as well as Doshisha University and other educational institutions, the area is popular among families.
Numerous large supermarkets, drugstores, and convenience stores are scattered throughout, making everyday shopping convenient. If you take a short stroll, you can reach the Kamogawa River, where you can enjoy Kyoto’s signature scenic beauty.
PLAN
A 4-story building with ample space on each floor. Each level is an open-floor layout, currently in a condition that allows for full customization and renovation. However, preserving its rugged retro charm is also an attractive option.
Additionally, the 4th floor features a crane, allowing heavy materials to be transported from the ground floor to the top floor, making it a practical choice for use as a storage space or warehouse.
PERSPECTIVEExample Renovation Plans
How could this space be transformed? Here are some example renovation ideas.
Use the slider on the image to compare the current condition with potential renovation concepts.
PHOTOS
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VIRTUAL TOUR
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DETAILS
| Property Price | 29,800,000 JPY (Approx. USD *1JPY= USD) |
|---|---|
| Type & Conditions | Used House |
| Location | 12 Murasakino-Kamitoridacho, Kita Ward, Kyoto |
| Transportations | approx. 12 min. walk from Subway Karasuma-line "Kitaoji Sta." Exit 2 |
| approx. 1 min. walk from Kyoto City Bus "Kamitoridacho Stop" | |
| Land Area | 【Registered】312.13sqm |
| Usable Land Area (Leasehold) | approx. 66.50sqm |
| Private Street Area Included | N/A |
| Floor Area | 【Registered】1F: 54.96sqm, 2F: 50.20sqm, 3F: 50.20sqm, 4F: 44.62sqm, Total: 199.98sqm |
| Building Structure | 4-Story Steel House |
| Building Date | 1990 |
| Size | 5 Rooms |
| Adjoining Street | Street Width: 25m, Frontage: 5.4m, Direction: East (approx. number) |
| Public Utility | Electricity, Water Plumbing In/Out, City Gas |
| Land Use District | Category 2 Residential District |
| Legal Restrictions | 15m / Category 2 Height Control District, Quasi-Fire Prevent District, Mountain Background Building Special Preservation and Improvement District, Close View Preservation Zone, Distant View Preservation Zone, Prior Consultation Zone, Outdoor Advertisement Roadside Category 2 Regulatory District, Residence Attraction Area, Established Urban Area, Housing Land Development Construction Regulated Area |
| Handover | TBD |
| Current Situation | Vacant |
| Building Coverage Ratio | 60% |
| Floor Area Ratio | 300% |
| Land Category | Residential Land |
| Geographical Features | Flatland |
| Land Tenure | Leasehold |
| Notification According to National Land Utilization Law | Not Required |
| Elementary School | Hotoku Elementary School (approx. 1 min. walk/50m) |
| Junior High School | Asahigaoka Junior High School (approx. 17 min. walk/1,300m) |
| City Planning Act | Urbanization Promotion Area |
| about leasehold |
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| Remarks | ※The property will be handed over as is. |
| Transaction Terms | Hachise as a Seller (No agent commission required) |
| Sales Representatives | (EN) Aya Kito / Boa Zhang / Naka Kokoro / Ren Tamai (JP) Hiroyasu Fukui |
| Information Updated | Mar. 24, 2025 |
| Information will be Updated | Apr. 7, 2025 |