Kutchan Lucy Apartment - Fully Tenanted 8-unit Building with Solid Cash Flow

An attractive opportunity to acquire a stabilised residential investment in central Kutchan, offering consistent cash flow and long-term growth potential in the Niseko market.

The property comprises 8 well-balanced residential units, including:

• 4 x 1LDK units (approx. 48 sqm each)
• 4 x 2LDK units (approx. 60 sqm each)

Constructed in 2012, the building is in solid condition and benefits from air conditioning installed across all units, supporting tenant retention and future-proofing the asset for year-round occupancy.

The property delivers a Net Operating Income (NOI) of over ¥5,000,000 annually, translating to an approximate 4% net yield, supported by a stable rental history and strong local tenant demand.

A key differentiator is the use of fixed-term lease agreements, providing both predictable income and flexibility for the incoming owner—unlike standard rolling leases common in Japan.

Strategically located in central Kutchan, the building offers tenants convenient access to daily amenities, public transport, and employment hubs, while remaining within easy reach of Niseko’s internationally recognised ski resorts.

Location & Access (Approx.)

• Kutchan JR Station: 4 mins drive / 14 mins walk
• Tsuruha Drug Store: 3 mins walk
• Lucky Supermarket: within 10 mins walk
• AEON Supermarket: within 10 mins walk
• Hanazono Resort: 12 mins drive
• Hirafu Ski Resort: 15 mins drive

Investment Highlights

• NOI: ¥5,000,000+ annually
• Approx. 4% net yield
• Fully tenanted with stable rental history
• 8 residential units (1LDK & 2LDK mix)
• Built in 2012 with air conditioning throughout
• Fixed-term leases for income stability & flexibility
• Strong tenant demand in central Kutchan location
• Proximity to transport, amenities, and ski resorts

Contact us to arrange a viewing.