Hanazono North Hills Dual Parcel: Vacant Lot and Tenanted House

The North Hills development has always been a popular choice among investors due to the existing utilities, infrastructure and management in place which helps provide owners with reliable and smooth functioning properties. Now with recent local area rules adjusted to allow commercial business in the area, it is even more attractive as rental revenue from nightly stays is possible.

These two sloping blocks offer over 2000 sqm of land with views of both Mt Yotei and the ski resort, all just a minute away from the Hanazono resort area. 

The Hanazono area continues to develop with the Park Hyatt Hotel & Residences, along with the Nikko Hotel and a planned commercial food shopping zone.

One of the blocks is home to a well tenanted and very solid, tidy house, allowing buyers to instantly earn rental revenue and easily cover holding expenses. 

The other block is vacant. For those looking to develop either a residential or holiday home the site ticks all the boxes. This site could be approached for developing a building on the vacant land or for someone looking for bigger options, the existing house could be extended or removed, opening up a very unique larger site well suited to a large luxury home build.

Building regulations

• 30% Allowable Footprint
• 100% Floor to Area Ratio
• Maximum height 13m

Investment opportunity

• The Hanazono area continues to expand with nearby Park Hyatt and Nikko hotel complexes
• Recent local rule adjustment permits commercial usage in the area improving yield potential
• Nearby other new development areas continue to grow and sell
• From the site it is just a short walk to the main Hanazono resort area
• The coming Shinkansen and new Highway both improve access into and out of Hanazono