43,000,000 JPY

This 5,857m² block of flat land is ideal for a mini development of three or 4 houses, with an idyllic location in terms of scenic surrounds: situated on the edge of a small river.
On one side, there is nothing else around. The expansive road frontage on the other side allows for direct access. The road is concrete, maintained in immaculate condition and snow cleared by the local council at zero cost to the owner. This land is under 10 minutes by car to the Rusutsu West Hotel and ski lifts.
Included in the sale, on the other side of the river, is another block of land of a similar size. This land currently doesn’t have recognized direct access but we believe this can be obtained in the future through a formal application at the local council. This means the total size of the acquisition is 10,598㎡ and the size of development would potentially be doubled.
The adjacent lands, totaling approximately 100,000㎡ have been purchased over the last several years by investors looking to make substantial profits on future sales and a major development (including multiple houses, restaurants, a gym and extensive landscaping), on a combined area of around 60,000㎡ is taking place at the junction of the main road just a few minutes away by car. This signifies that the value of land in this area is set for further significant increases in value.

[Property Overview]

・Location: 173-1/173-2, Nobori, Rusutsu

・Price: ¥43,000,000

・Land Area: 173-1: 5,857㎡, 173-2: 4,741㎡

└ Total Land Size: 10,598㎡ (approx. 3200 tsubo)

[Indicative Unit Price (tsubo)]

・Based on 3200 tsubo: 43,000,000 ÷ 3,200 = ¥13,437 / tsubo

[Key Selling Points]

1. Prime Development Potential: A flat 5,857m² site ideal for developing three to four houses, with extensive road frontage and easy access.
2. Scenic and Convenient Location: Peacefully positioned beside a small river, yet less than a 10-minute drive from Rusutsu Resort’s Westin Hotel and ski lifts.
3. Strong Investment Upside: Includes an additional similarly sized parcel across the river and is surrounded by growing investor activity and major nearby developments, indicating strong potential for future land-value appreciation.