Historic bank sells for 1.7 million Yen

Nanto City in Toyama Prefecture will be selling the 97-year old Inami Museum to a Tokyo-based real estate company for the grand total of 1,779,000 Yen (approx. US$16,000).

The buyer plans to convert the space into a restaurant that will be operated by a local company and hiring local staff. 

The 2-story Renaissance-style building was built in 1924 as a branch of Chuetsu Bank. It was considered a leading building for its time, having been built from reinforced concrete. It has a total floor area of 131 sqm and sits on 398 sqm of land.  In 1986 it was transferred to Nanto City and opened as a museum in 1987. It closed in late 2019 due to growing maintenance requirements and inadequate earthquake safety.

In February and March, the city advertised the building and land for sale, with the real estate company the only bidder. The buyer has previous experience in restoring heritage buildings, including hotels and other commercial facilities. 

Location

Inami, Nanto City, Toyama Prefecture

Source: The Chunichi Shimbun, May 5, 2021.

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