Castle of the North Star

Section 04 / Make-ready

The purchase price is the small line item. Renovation is the real check.

Three tiers

Pick the level of ambition. The capital follows.

Tier 1

Stabilize & open

¥27,500,000

Roof tiles + parapet repair. Utilities reactivated and certified. Light cleanup of the existing 2F restaurant. Clear and re-grade the parking lot. Enough to host events and operate the existing restaurant — nothing more, nothing less.

  • · Roof + parapet repair (~¥7,700,000)
  • · Utility reactivation
  • · Basic interior cleanup
  • · Parking lot reseal
Tier 2 · recommended baseline

Boutique-ready

¥100,000,000

Full interior rebuild on floors 1–4. New kitchen, plumbing, climate, and fixtures throughout. Brought to a level where you could open a restaurant on the ground floor, a café upstairs, and rent the upper floors as event space.

  • · Interior rebuild (1F–4F)
  • · Modern kitchen + plumbing
  • · HVAC + insulation upgrade
  • · New fixtures + finishes
Tier 3

Hotel-grade

¥200,000,000

Per-floor guest suites. Sprinkler/fire-suppression upgrade required for hotel licensing in Japan. Accessibility compliance. Premium finishes. Full architect + structural-engineer design package and a bilingual project manager.

  • · Hotel-licensed fire systems
  • · Per-floor suite rebuild
  • · Accessibility (elevator + ramps)
  • · Premium finishes throughout

Live calculator

Move the sliders. The numbers move.

Anchored on 2025 akiya benchmarks (¥50K–¥100K/m² typical) and Statista's 2023 RC-residential average (~¥261K/m²). Scope multiplier reflects the depth of work — cosmetic touch-up at 0.4×, full boutique build at 1.0×, hotel-grade at 1.6×.

Castle building area is 1,571 m². Land is 5,045 m².
¥50K ¥100,000/m² ¥300K
Boutique-ready — full interior rebuild
Estimated total
¥157,100,000
$1,020,130
1,571 m² · indicative only

Allocation: 20% structure · 30% interior · 18% mechanical · 15% finishes · 5% permits · 12% contingency. A real estimate from a contractor will deviate — but rarely by more than these category bands suggest.

Assumptions box

What this calculator is doing in the background.

What you'd do with it →

Five ranked business plays.

The car play →

25-year rule + profit estimator.

Back to the purchase →

Process + closing-cost stack.