Kyoto City has auctioned off a 3,200 sqm site of city-owned land in Ukyo-ku. The ‘Narutaki-ryo’ was built in 1939 as the residence of Kozo Ohwatari of the Kyoto Dento Electric Power Company. After WWII, the property was acquired by Kyoto City and had been used as a wedding and function facility.
The property includes a large landscaped garden, and a traditional Japanese style main house with a western-style annex, both dating from the 1930s. The city carried out large renovations and repairs to the property over a 10 year period in the 1990s, but the interior and exterior remains largely original.
Bidding was open from February 17 ~ 23, with a minimum bid set at 284.2 million Yen (approx. 2.5 million USD). The terms of the sale require the buyer to preserve the historic house as well as use the property (and not leave it empty).
The house was sold and re-listed for sale by the new owner with an asking price of 1 billion Yen (approx. 9.1 million USD as at 2018).
- Approx. 9km from Kyoto Station and 5km west of the Kyoto Imperial Palace.
Kyoto City Homepage, February 9, 2016.
The Kentsu Shimbun, February 16, 2016.