Historic ryokan in Nagano on the market
A historic ryokan that was the setting of the 1976 film The Inugami Family is for sale.
100-yr old post office listed for sale for 1 million Yen
A former post office in Kagoshima Prefecture has drawn a lot of buzz online for its charming appearance and low price, with buyer inspections already fully booked for the rest of July.
Heritage-listed merchant house in Kyoto up for sale
The heritage-listed Watanabe Residence in Maizuru City, Kyoto Prefecture, is listed for sale for 25,800,000 Yen (approx. 235,000 USD), leaving locals concerned about its fate. The 150-year old merchant house is registered as a Tangible Cultural Property.
One of Shibuya's oldest homes hits the market
A traditional Japanese house in the heart of Shibuya is currently on the market for 2.27 billion Yen (approx. 20.3 million USD).
88-yr old building on 2.6 hectare site in Minato to be sold
Japan Post Insurance is selling their former Tokyo Service Center building and land in Mita, Minato-ku, Tokyo. The potential sale price and date has yet to be confirmed, although it is expected that the property will be offered for sale by tender. With land of this size, the eventual sale price is likely to be in the 10s of billions of Yen (several hundred million USD).
Japan Post Insurance expects to report a capital gain of 30 billion Yen (approx. 270 million USD) on the sale, which, given their very long history of ownership of the property, may be a close indicator of their preferred sale price.
*Update: The property was sold to Mitsui Fudosan Residential in February 2018. Japan Post Insurance posted a capital gain of 85.03 billion Yen (approx. 780 million USD) on the sale.
The property is located along the street from the Australian Embassy and directly across the street from the historic Tsunamachi Mitsui Club - a members only club that was built in 1913 for the Mitsui family.
The Art Deco building was once theMinistry of Communications and Transportation Postal Life Insurance Building. It was constructed by Obayashi Corporation in 1929 at a cost of 4,350,000 Yen. In those days the annual salary of a doctor was around 4,800 Yen.Read more
Historic Villa in Kobe searching for new owner
The owner of a 93-year old European-style residence in Kobe is looking for a new owner to carry on the home’s legacy. Open days in June and July were arranged for the house by the Heritage House Trust. The conditions of the sale will require the new owner to preserve the structure.
The 2-storey home was built on a hillside position in Higashinada-ku in 1923. It was designed by architect Shichiro Kigo (1884-1955) and built for businessman Jiro Inabata. It was later used as a reception hall for the Miyaji Steamboat Company. In the 1960s, most of the hillside surroundings were subdivided into a housing estate called Okamoto Garden. It was at this time that the current owner’s family purchased the property.Read more