A two-storey light-steel-frame house in Takinogawa 3-chome, a 5-minute walk from Nishi-Sugamo Station on the Toei Mita Line. It holds a ryokan (inn) business license and is currently operating as a ryokan, with furniture and appliances included, per the listing materials. - Price: ¥165,000,000 (tax included) - Income: projected annual revenue ¥18.46 million (based on actual 2025 results); projected gross yield 11.18%. Projected net yield 5.33% when operation is outsourced to an operation agency (as stated in the listing materials) - Ryokan license: obtained and in operation; the license can be taken over by the buyer. Handover of the operation is negotiable, and a sale of the operating company together with its permits is also possible (negotiable), per the listing materials - Access: Toei Mita Line, Nishi-Sugamo Station 5 min walk - Land: 125.81㎡ (registered, excluding private road), freehold, flat - Road access and setback: faces a public road approx. 2.2 m wide on the west (frontage 9.7 m). Setback required: 15.41㎡; private road burden: 15.41㎡ - Building: light steel frame, 2 storeys, total floor area 133.57㎡ (1F 73.05㎡, 2F 60.52㎡), built November 1999; built by Sekisui House (as stated in the listing materials) - Layout (from the floor plan): 1F entrance, staff-only room, kitchen and dining, two Japanese-style (tatami) rooms, bathroom, washroom, toilet, futon storage; 2F four bedrooms with beds, shower room, toilet, futon storage, smoking area - Utilities: public water, public sewer, city gas - Parking: none - Zoning: urbanization promotion area, Category 1 residential zone, building coverage 60%, floor area ratio 200%; quasi-fire prevention district, Category 2 height district; Landscape Act, Civil Aeronautics Act and the Residential Land and Specified Fill Regulation Act apply - Current status: operating; handover date negotiable