Nagasaki City, Nagasaki Prefecture | Partially Renovated Traditional Single-Story Home with Views of Nagasaki Port Fireworks, About a 10-Minute Walk from Shinchi Chinatown

Located in central Nagasaki City, within walking distance of Shinchi Chinatown

This is a traditional wooden, tiled-roof, single-story home in Nagasaki City, Nagasaki Prefecture. Shinchi Chinatown is about a 10-minute walk away. It is located in a quiet residential neighborhood on elevated ground, with an open view in front and views of fireworks over Nagasaki Port from the home. Although the property is on a slope, there is an elevator on adjacent land that nearby residents can also use. There is no dedicated parking, but motorcycles can be ridden up to the front of the house.

Single-story layout and building and land areas

The home was built around 1970 and has three rooms of approximately 8 tatami mats each, connected side by side. The property information section lists the building area as 57.04 m² and the land area as 68.53 m². The main text also states a floor area of 68.53 m², so the stated building-area figures differ. It has a flush toilet and city gas. The land tenure is ownership, and the land category is residential land. The property is currently vacant, and the listing states that it has been vacant for a long time.

Partially renovated interior and condition of the building

The tatami mats have been removed, most of the ceiling has been stripped, and some of the earthen walls are exposed, leaving the interior in a partially renovated state. There is no insulation, and materials removed during the interior work and other items remain on site. The property will be handed over as is, and liability for nonconformity with the contract is waived. The buyer is responsible for costs such as registration of the transfer of ownership.

The roof has been replaced and is in relatively good condition. The beams appear sturdy, and no roof leaks have been confirmed so far. On the other hand, there appears to have been termite damage. One north-side column is rotten and suspended above the ground, and this has caused a column to tilt. The cause has been identified, and the issue is said to be relatively easy to remedy.

Handover terms and information about rental use

Immediate handover is possible. There is no dedicated parking. The assessed fixed asset tax values are ¥925,155 for the land and ¥97,921 for the building. The property type is land and building, and the special notes mention items remaining on site and utilities.

Renovation was planned to prepare the property for rental, but it is being transferred in its partially renovated state because the owner will focus exclusively on another business. According to projections from a local real estate agent, after a simple renovation there may be rental demand at around ¥50,000 per month; the projected yield is 20% with renovation costs of ¥3 million, or 30% with costs of ¥2 million. These are projections concerning rental operation and do not guarantee renovation costs or rent. If desired, an introduction to a local real estate agent who can support rental operation and management after purchase is available.