Osaka Kuromon Retail/Minpaku property Chuo, Osaka

A number of options are available with this multi-purpose commercial block that enjoys both size, set back from a wide (50m) public road, and a corner position.

It is located amongst Osaka`s busiest commercial center, with the famous Dotombori canal and entertainment district, the Kuromon Ichiba Market, and the Ota Road shopping area all within 10 mins walk.

It is also just 2 mins walk from the nearest Osaka Metro station, and there is fast access to major tourist destinations including Osaka Castle, Universal Studios Japan and Tsutenkaku Tower.

Crucially, it is also situated within one of the few zones designated for special private lodging in Osaka (AirBnB-style short-term leasing), allowing the new owner to benefit from high-income tenants.

The upper floors of the property are currently being renovated to offer this type of accommodation from November onwards, while the first 2 floors are currently tenanted by a restaurant and a hair salon, on fixed-term leases, which could also be converted to hotel-style rooms upon the ending of the contracts (4 years remain).

If all units are successfully leased, then yield could improve further, while there will also be long-term significant appeal in the land`s size and location.