Real Estate in Nozawa Onsen, Myoko Kogen & Hakuba

Discussion in 'Noticeboard' started by M_G, Aug 31, 2011.

  1. M_G

    M_G A Local
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    #SCROLL TO THE BOTTOM OF THE THREAD FOR THE MOST RECENT PROPERTIES#

    Ski the Heart of Japan get a lot of enquiries about ski properties for sale in Hakuba, Nozawa Onsen and Myoko Kogen. Recently there has been a spate of foreclosed properties come onto the market at some incredibly cheap starting bids and hence we have listed these* as below:

    Blocks of land (x2) in Akakura Onsen and a house on Akakura Onsen's main street.

    Three apartments right next to Goryu lifts and a good size lodge near the Hakuba ski area.

    A smallish lodge right in Nozawa Village as well as big allotment on the road up to Nozawa.

    *Please note I am not a licensed real estate agent and I take no responsibility for any properties people choose to buy. Caveat emptor. We will refer you to a licensed scrivener/broker who can help you through the whole process in English. You must be quick though - bids are due around mid-September.

    If interested please PM me or email myokoguy at myokokogen.net
     
    #1 M_G, Aug 31, 2011
    Last edited by a moderator: Nov 14, 2013
  2. M_G

    M_G A Local
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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Rusutsu property no longer available
     
  3. M_G

    M_G A Local
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    #3 M_G, Oct 4, 2011
    Last edited by a moderator: Nov 14, 2013
  4. M_G

    M_G A Local
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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Just coming up late last week

    Large Hakuba lodge and cabins for sale close to Tsugaike Kogen ski lifts. Good low cost opportunity to enter Hakuba accommodation market with opening bid price of JPY 6,110,000 (bid required by mid-December).

    See details, photos and download file here

    Update: Passed in
     
    #4 M_G, Nov 22, 2011
    Last edited by a moderator: Nov 14, 2013
  5. M_G

    M_G A Local
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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    These ones were passed in before and have now come back on the market at a super cheap price. Would be worth throwing in a low bid to see what happens

    Three apartments right next to Goryu lifts. - starting bid only JPY 1,352,000 (A$18,000). Must be submitted by around 7 January

    File can be downloaded via the link in the details (Japanese only).

    Update: Sold
     
    #5 M_G, Dec 22, 2011
    Last edited by a moderator: Nov 14, 2013
  6. M_G

    M_G A Local
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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Two Akakura properties but you have to be quick to bid. Very cheap block of land (360sqm) just off the main street - starting bids around $8,000 and a major hotel on the main street starting around A$140,000. The latter was built in the early 1960's with a fantastic position right in the middle of it all. However does need some coin spent on it.

    See http://myoko-nojiri.com/properties/akakura_for_sale.html for more details and to download files with pictures.

    Update: Block sold. Hotel passed in.
     
    #6 M_G, Jan 1, 2012
    Last edited by a moderator: Nov 14, 2013
  7. M_G

    M_G A Local
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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Two storey holiday home in Hakuba - public auction - JPY 4,002,000 (A$50,000). Short drive to lifts. Bids must be submitted by around 10 Feb

    File can be downloaded via the link in the details (Japanese only).

    [​IMG]

    Update: Sold - 8M+
     
    #7 M_G, Jan 22, 2012
    Last edited by a moderator: Nov 14, 2013
  8. telemike

    telemike First Runs

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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Interested in real estate in Myoko or Nozawa. Wonder if there are any updates as of 20 Feb

    Cheers
     
  9. M_G

    M_G A Local
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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Another lot of auctions should be out soon. Will see what turns up there telemike.
     
  10. fattwins

    fattwins One of Us

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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Be careful with auctions lots of places left alone have big mold problems or white ants.
     
  11. the_guru

    the_guru One of Us

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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Panic in the air!
     
  12. the_guru

    the_guru One of Us

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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Still too much! Most of the properties were purchased at the height of the market so they should be worth only a 3rd of what they want now.
     
  13. the_guru

    the_guru One of Us

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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Until they open up the mountains properly, there is not much attraction for Europeans yanks and Canadians.
    That's where the bucks are.
    Like here in Oz. small market.
     
  14. M_G

    M_G A Local
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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Agreed FT. One bloke described the smell to me like, "a damp tshirt that's been left in the washing machine for three days". If these places are left closed for a season or more there's a lot of mould/smell to get rid off, plus sometimes cases of rot. If you want professionals to deal with the problem it can get pretty pricey.

    You are not allowed to view inside the properties but if you want to fork out a little bit someone can be arranged to do an external inspection and that will usually show up any signs of white ants (or other problems).

    I've bought a couple of properties via auction (one in Nagano and one in Saitama) but they had only been sitting a few months so all was good.

    BTW telemike nothing showed up in the auctions for this month. See what turns up next month.

    the_guru - not quite sure where you are coming from. Some properties are selling for one fifth or less of their original price. And there is quite a bit of attraction at present - look at what happened in Niseko.
     
    #14 M_G, Feb 24, 2012
    Last edited by a moderator: Nov 18, 2013
  15. the_guru

    the_guru One of Us

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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

     
    #15 the_guru, Feb 24, 2012
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  16. Born2ski

    Born2ski Part of the Furniture

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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Why ?? Sounds like they're trying to hide something ?
     
    #16 Born2ski, Feb 24, 2012
    Last edited by a moderator: Nov 18, 2013
  17. fattwins

    fattwins One of Us

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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    It is a government auction which usually means the property went on the market for a while and didnt sell. The bank took over and then covers its azz by handing it over to the State run auctions. Most real estate people understand if the property is a bargin or not because they have been in them or were selling them. Many times it is real estate firms that gobble up the true gems, fix them up a bit and sell them on.

    As for prices it depends I paid peanuts for my place but I spent money on it to fix it up. I would want a good return on the money that I have spent for sure. My place now has proper insluation, heating, fixed exterior, landscaping etc etc. Buying a house usually off of the Japanese means that they had less money to invest after the bubble broke. You must consider at least 100k of renovations to a pension 500meter squared. I have pumped 120k at least into mine.
     
  18. the_guru

    the_guru One of Us

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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    Trust your word more ft
     
  19. M_G

    M_G A Local
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    Re: Real Estate in Nozawa Onsen, Myoko Kogen, Hakuba AND Rusutsu

    New listing - pension in Hakuba - USD $575,000

    Large renovated ski lodge located in Misorano Hakuba. The property property includes:
    15 bedrooms fully furnished with individual heaters and private bath with toilets;
    Two ski equipment dry rooms complete with lockers;
    Large commercial stainless steel kitchen complete with china, cutlery and cooking utensils for 50 guests;
    Beautiful stone fire place in a spacious lounge with adjacent bar;
    Owners' suite with comfortable furnishing, 2 baths;
    Cable TV and two flat panel televisions as well as wireless internet;
    32 seat dining room with modern lighting plus music room with nice piano;
    Two car enclosed garage, two large storage rooms and workshops as well as staff living quarters

    See: http://hakuba-accommodation.net/hakuba_real_estate.htm

    P.S. I didn't write the description - it was what was sent to me.

    [​IMG]
     
    #19 M_G, Mar 15, 2012
    Last edited by a moderator: Nov 14, 2013
  20. middsey

    middsey Hard Yards

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    I know this is a super old thread, but any recent updates here?
     
  21. Chick Olsson

    Chick Olsson First Runs

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    Hi Folks, just new to this site. I am potentially in the market for a ski lodge with large onsen in Akakura or thereabouts. Any one have any real estate offices I could contact.