Duplex for sale in Iwatake, Hakuba, Nagano

Two luxury executive apartments for sale in Hakuba Ski Resort in Japan's Northern Alps and only 3 1/2 hours from Tokyo. This resort is a number 1 tourist destination for both domestic and international visitors. The 2 apartments are being sold as one unit and are situated at the bottom of the Iwatake ski field (40m away) in a superb ski in/ski out location. Iwatake is also the mountain biking centre of Hakuba Ski Resort. Iwatake is a rapidly expanding resort and is currently in the design phase to include 2 new mountains restaurants, a new gondola from the base to the summit, an international school and an internationally branded hotel. It is rare to own a freehold ski in/ski out property anywhere in the Hakuba Ski Resort, in particular in Iwatake, which is a highly desirable and developing area. These apartments are set to offer an excellent rental return of 12% based on a typical 75% occupancy rate.

The apartments are sold fully furnished and are immediately ready to rent, with solid African Walnut dining tables and Italian leather sofas. There are large western-sized kitchens with marble bench tops and a full sized oven. The bedrooms all have king sized beds that can be separated to maximise both rentals and comfort in a “hotel like” style. The apartments have been designed to withstand high rotation rentals. They are also energy efficient with a fully enclosed envelope of spray foam insulation throughout, double glazed windows and hydronic in-floor heating throughout, including the bathrooms. Broadband WiFi and Netflix is available in both apartments and there is a large LED TV in both. Additionally, each apartment has its own hot water boiler and hydronic heating boiler so that it each be individually controlled.

There is a ground floor 3 bedroom apartment of 118m2, with 3 ensuites and an open plan living area. The second apartment is 140m2 and is on the upper floor and has 4 double bedrooms with ensuites and an open plan living area. In the basement is a ski room with a large boot dryer, a laundry room and a linen area. Parking for 6 cars is at the back of the property.

Description

Apartment 1 – Ground Floor

Open plan kitchen, dining and living area.

3 Double bedrooms with ensuite bath/shower rooms.

118m2 in total.

Apartment 2 – Upper Floor

Open plan kitchen, dining and living area.

4 Double bedrooms with ensuite bath/shower rooms.

140m2 in total.

Additional

There is 123m2 of public space including the laundry room and ski room.

There is external parking for 6+ cars.