Miharashi Apartments
Tuesday, June 19th, 2007There was some talk amongst us about which property to profile first, but as it turns out the answer was right there hovering to the left of Mount Youtei on our site’s banner image… Miharashi Apartments.
That is Miharashi (Me-Hah-Rah-She). We’ve heard it pronounced comically by the winter influx of powder junkies… “We’re staying at the Maharaji, mate!” Miharashi means “A Beautiful View” in Japanese, and is also the name of one of the most popular tree runs on the mountain.
Miharashi is located in the center of the village next to Mina Mina. It is a short walk from shops, bars, and restaurants. There are three 2 bedroom apartments on the first floor, and three two floor 3 bedroom apartments on the upper floors. There is also a shared basement with a laundry room and drying facilities.
It was developed by the same firm that developed First Tracks, Powder Tracks, and Youtei Tracks. Completed in 2005 with occpancy rates in winter hovering around 90%. The return on investment has been substantial, as these were completed while the Hirafu property market was still on its rapid 3 year surge.