Are Kyoto machiya suitable as investment properties?

Kyoto Machiya feature three key points that distinguish them from other single-family homes.

① Kyoto Machiya Profile/Kyoto Machiya Chart for Financial Institutions
② Designated Kyoto Machiya for Kyoto City

③ Kyoto City Health and Welfare Bureau Medical and Sanitary Promotion Office Medical and Sanitary Center Kyōmachiya

① Kyōmachiya Profile/Kyōmachiya Chart

The Kyōmachiya Profile/Kyōmachiya Chart is a report issued by the Kyoto City Landscape and Community Development Center, a public interest incorporated foundation.

Its primary role is for use with business-use Kyōmachiya-specific loans from local financial institutions such as the Kyoto Shinkin Bank and Community Banks.

② Kyoto City Designated Kyomachiya

These are Kyomachiya certified as designated properties according to regulations set by Kyoto City.

Subsidy amounts vary by district designated by Kyoto City, but subsidies of up to 2.5 million yen are available.

The main focus is on subsidies for work on exterior walls, facilities, etc.

③ Kyoto City Health and Welfare Bureau Medical and Sanitary Promotion Office Medical and Sanitary Center Kyomachiya

This standard is set by the Medical and Sanitary Center, which governs permits for simple lodging facilities in Kyoto City.

It is the fundamental requirement for business use and boasts the highest level of difficulty.

Our company collaborates with specialized administrative scriveners to jointly handle and obtain permit applications.

 

Object Overview

 

Location: Nishikyo Ward, Kyoto City, Kyoto Prefecture, Rokujō-dōri Higashinotoin Nishiaribashi-zume-chō

Price: ¥120 million

Structure: Wooden, 1-story

Year Built: 1904 (Meiji 37) (per closed registration)
Land Area: Official Records 113.12 m²

Total Floor Area: 88.58 m²

Zoning District: Neighborhood Commercial District
Building Coverage Ratio: 80%
Floor Area Ratio: 300%
Road Access: South 11.0m public road, frontage 6.4m (rebuildable)

Nearest Station: JR West Kyoto Station 13 min walk / Kyoto Municipal Subway Karasuma Line Gojo Station 2 min walk

Current Status: Occupied by owner
Transaction Type: Exclusive Agency

 

 

History of the Residence

The ceiling is currently closed off, but traces of the hearth remain.

Furthermore, removing the unregistered Western-style room next to the storehouse would restore access to the garden as it once was.

Originally a charcoal shop, the storehouse faintly carries the scent of the Meiji era.

This property offers various possibilities, such as converting the storehouse into a bathroom or transforming the second floor into guest rooms.

Personally, I envision using the storehouse for a business.

Utilizing its former purpose to earn a daily living feels quintessentially Kyoto.

 

 

As the current owner resides in this property, arrangements for handover will require consultation.

 

Please feel free to inquire about business permits, yields as a simple lodging facility, and other related matters.

 

 

For inquiries, please contact ShuJu Real Estate.

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Property ID 0293←Please provide this number when inquiring.