Kira Kira Niseko Hirafu Commercial Space - Leaseback Investment with Locked In Yield

A rare opportunity to acquire a fully income secured commercial property in upper Niseko Hirafu village, offered with a simultaneous sale and leaseback for immediate returns.

Key highlights

• Ground floor commercial unit in the well known Kira Kira building
• Approximately 130 sqm of lettable space
• Sale and leaseback executed at completion
• Fixed term lease securing above market net yield at approximately 5%
• Tenant is an established Niseko resort operating company
• Tenant also provides building management
• Minimal owner involvement and largely tenant borne costs

The Asset
The property comprises an approximately 130 sqm ground floor commercial unit with strong street presence in upper Niseko Hirafu. Commercial space of this size and quality is rarely available due to strict zoning and limited supply.

The Income
The seller’s operating company will lease the property back under a fixed term lease executed at the time of sale. This structure provides a locked in net yield of approximately 5 percent for the full lease term, delivering predictable income from day one.

The tenant is responsible for management association/common charges (~¥1.5m/year) and standard operating outgoings, keeping ownership responsibilities light. The owner’s costs are limited to fixed asset tax and owner insurance (~¥0.5m/year).

The location
Situated in upper Niseko Hirafu, the property benefits from year round activity, excellent visibility, and close proximity to accommodation, retail, and resort infrastructure.

This offering is well suited to investors seeking stable income, professional management, and long term exposure to Niseko’s commercial market.

• Asking Price includes Japanese consumption tax (applicable to the building component)

Viewings by appointment. Contact us for further details and full lease information.